Les Bullideres offers to buy a new property in Andorra.
Andorra is a small and prosperous country in the heart of Europe. It belongs to the dwarf states and has an area of only 468 sq. km. In recent years, Andorra has become quite interesting in terms of investment, so its real estate market is experiencing a certain flourishing.
Les Bullideres - the best Andorra real estate
Which objects are in the greatest demand?
Until recently, real estate in Andorra was more illiquid. However, recently the Principality has significantly strengthened its financial position, which has affected its investment attractiveness. If previously large and expensive objects could be sold for more than one year, now the situation has changed dramatically.
Andorra lacks trading platforms, shops, business centers and offices, as well as hangars for various purposes.
At the moment, commercial real estate is considered the most in demand, a clear shortage of which guarantees a stable profit from 3 to 10% annually
For such objects, both tenants and buyers are very fast, so such offers are rare on the market. It is quite difficult to get large dividends from residential real estate – the standard yield from its lease will not exceed 2.5%. The exception is the impressive apartments and private houses (chalets) located directly in the resort area near the ski lifts.
This housing can be rented profitably to large companies of tourists and earn from 7 to 15% of the cost on it every year. In addition, with successful advertising of their services, there is a chance to significantly increase their profitability.
It is worth noting that lovers of skiing visit Andorra only 5 months a year – that's how long the ski season lasts. However, this fact does not particularly affect the profitability of housing, since other types of outdoor activities are gaining momentum in the summer – cycling, ecotourism, trekking and golf.
