Housing crisis: Andorra is not satisfied with wealth

Andorra changes real estate rules in response to rising prices and housing crisis

Andorran parliamentarians are changing real estate rules as internet celebrities and wealthy foreign investors crowd into this tax haven. One of Europe's smallest states, nestled between France and Spain, has imposed a temporary ban on foreigners buying real estate. Known for its ski resorts, mild summer temperatures and generous tax breaks, Andorra is a popular destination for wealthy expats, but their influx has caused a housing crisis in the principality as locals struggle with rising housing costs.

Housing prices in Andorra have risen by more than 30% since'

If you have the money, becoming a 'passive resident' in Andorra is not that difficult, as you only need to live there for 90 days a year.

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