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Further Rises For 2008 Andorra Real Estate
Andorra real estate had a very mixed 2007, but 2008 looks promising.
An unusually slow start last year, big spenders saving the first half of the year, and the big spenders out again to give the market a late boost for 2007.
Andorra Real Estate Beats 2007 Slow Down
Higher interest rates across Europe and a slowing property market threatened to send tax haven Andorra's house prices into reverse for the first time in a generation this year.
But a good summer has seen house prices rise.
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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