Andorran MPs change real estate rules as internet celebrities and wealthy foreign investors flock to the tax haven.
ADVERTISEMENTOne of Europe’s smallest states, nestled between France and Spain, has introduced a temporary ban on foreigners buying property.
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.
Real estate prices in Andorra have climbed by over 30% since mid 2018, forcing many poorer residents to relocate into neighbouring…
