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Andorra Real Estate 2007 Gets Tax Haven Boost
Well known European tax haven Andorra has seen a sharp rise in residency applications over the last two years as rival tax haven Monaco's property prices have become among the most expensive in Europe.
The Andorra authorities have responded by more than doubling the residency application quotas allowed in any one year, adding pressure to already rising property prices.
Property Price Rises Hit 2007 Black Ice In Andorra
Andorra property has been good to investors with prices rising by an average of ten per cent a year in the last ten years.
But fewer visitos has meant a recent freeze in the European mountain tax haven.
Property Prices Freeze in Euro Tax Haven
Real Estate prices in the European tax haven of Andorra have risen by an average of ten per cent a year in the last ten years.
But late snow in the Pyrennes has meant a recent freeze in the rise for the first quarter of 2007.
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