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Buying blow Andorra
Andorran MPs change real estate rules as internet celebrities and wealthy foreign investors flock to the tax haven. Known for its ski resorts, mild summer temperatures, and generous tax breaks, Andorra is a popular destination for affluent expats, but their influx has caused a housing crisis in the principality as locals struggle with rising housing costs. The three-month ban on overseas investment, passed last month, aims to tackle the housing crisis by barring non-residents from investing in real estate, and will later be replaced by a tax on all foreign property purchases. This tax revenue will then be used to build more affordable rental housing. The restrictions will only apply to non-residents, meaning there may just be an increase in wealthy foreigners applying for residency permits. From , residential permit holders will need to prove they can speak basic Catalan to have their permit renewed. He in turn was slammed for going as far as questioning whether Andorra was a dictatorship. By Eleanor Butler. Share this article Comments. Share this article. You might also like Now playing Next. World News. Now playing Next.
Andorra Draws Home Buyers Despite Tax Law
Buying blow Andorra
Andorran MPs change real estate rules as internet celebrities and wealthy foreign investors flock to the tax haven. Known for its ski resorts, mild summer temperatures, and generous tax breaks, Andorra is a popular destination for affluent expats, but their influx has caused a housing crisis in the principality as locals struggle with rising housing costs. The three-month ban on overseas investment, passed last month, aims to tackle the housing crisis by barring non-residents from investing in real estate, and will later be replaced by a tax on all foreign property purchases. This tax revenue will then be used to build more affordable rental housing. The restrictions will only apply to non-residents, meaning there may just be an increase in wealthy foreigners applying for residency permits. From , residential permit holders will need to prove they can speak basic Catalan to have their permit renewed. He in turn was slammed for going as far as questioning whether Andorra was a dictatorship. By Eleanor Butler. Share this article Comments. Share this article. You might also like Now playing Next. World News. Now playing Next.
Buying blow Andorra
Housing crisis: Andorra is getting fed up with wealthy foreigners
Buying blow Andorra
Buying blow Andorra
Andorra Draws Home Buyers Despite Tax Law
Buying blow Andorra
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Buying blow Andorra
Buying blow Andorra
Buying blow Andorra