What does Law 3/2024 change for a foreign investor?
It layers onto prior authorisation a tax on foreign real estate investment, progressive with the scale of the operation. The Principality's message is clear: foreign investment remains welcome, but framed and contributive. Any serious operation therefore starts with a realistic administrative calendar — authorisation before the promise, never the reverse.
What does holding in Andorra actually cost?
Three tax moments: acquisition (ITP, shared between the State and the comuns — the parishes), holding (measured local taxation) and resale (the real estate capital gains tax of Llei 21/2006, whose rate decreases with holding duration — the law rewards the long term, which suits our craft).
Why is the mountain a construction discipline?
Because at altitude, snow is calculated (Eurocode 1), frost tests materials and winter judges insulation. An Andorran asset is designed to be held year-round: structure sized for the site's snow, envelope designed for frost, operating costs sized for the cold season. That demand is what makes the stock's quality — and the value of what is well built.