Andorra: Guide to Buying Costs and Procedures

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Total transaction costs are moderate in Andorra

How high are realtors’ and lawyers’ fees in Andorra? What about other property purchase costs?

How difficult is the property purchase process in Andorra?

There are restrictions on non-resident foreigners buying property. A permission to purchase is required, and a non-resident individual can acquire no more than 1,000 sq. m., or if purchasing an apartment, one unit.

When an agreement has been concluded, the buyer and the seller sign and exchange copies of the Promesa de compra-venda (promise to buy and sell), which outlines the conditions of the purchase, such as payment terms and completion date. A 10% deposit payment is customary at this point.

The deposit is then put in an escrow account by the agent while a “permission to purchase” (suplicas) request is submitted to the government. Once permission has been obtained, an appointment is sought with a notary.

At the Notary’s office, both parties sign the Escriptura Publica, the property transfer document. Cheques or bank drafts and keys are then exchanged.

Completion, for resale properties, takes about one to two months.

Footnotes to Transaction Costs Table

The round trip transaction costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc.

Andorra - more data and information

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