Global Series – Cape Cod, MA

Guy Bradshaw
Director, Head of London Residential

In our next feature of the Global Series we travel to Cape Cod to interview Emily Van Giezen of Gibson Sotheby’s International Realty. I first met Emily in Los Angeles at a Sotheby’s International Realty conference and we have been part of the Next Gen group with agents from around the globe sharing ideas and knowledge. I’ve also personally spent time in Cape Cod as a child during summer holidays and loved the scenery and beaches it has to offer. If you are thinking about a second home in one of the finest areas in the USA I’d be very happy to introduce Emily and her team.


1. Which City/ area are you from?

Emily Van Giezen

I currently reside in Orleans, Massachusetts on Cape Cod- a fantastic coastal community. Originally I grew up in New Jersey just outside of New York City where I worked for a number of years before relocating to the Cape.

 

2. What are the best things to do/ see where you live?

Cape Cod is famous for it’s beautiful sandy beaches, sunsets, fresh oysters and seafood, lighthouses, and endless summer activities. Many love the accessibility of bay and ocean waters for relaxing days on their boats. It is also home to the last standing drive-in movie theatre on Cape Cod from 1957 which is a popular evening experience for visitors and locals alike. I personally love the Chatham Bars Inn and Wequasett resorts as well.

3. Tell us a little about your market?

Although we do have many year-round residents, Cape Cod is primarily a second home market. Summer rentals are also popular. Many originate from the Boston, New York, and New Jersey areas. We do see a number of folks from the UK and West Coast as well. The real estate market is active at all times of the year with core activity during the late spring, summer, and early fall. As a full time Cape Cod resident, it is delightful to experience these months as they come to life. During that time each year these folks help our local economy thrive. I’ve met some amazing people of which I still have close relationships with today.

4. What is your favourite listing currently on your books and why?

Lake Dr, Orleans, MA – $870,000

My favourite listing is one that just came to market. It is a custom built and well maintained ranch style home located in a private association. A beautiful inlet with a sandy beach that is private to the association residents is particularly attractive because of the dock and deep water access. In the town of Orleans (and surrounding towns), the list is quite long to obtain a public mooring. The home itself abuts seven acres of conservation land which means the backyard will always be screened with trees as it cannot be developed. Am I allowed to drop some branding? Professional media and details can be found at www.58lakedr.com.

5. How has the Covid-19 Pandemic affected your location?

Homes continue to list and sell daily, though the activity has significantly decreased in pending sales – about 50%. Despite this shift, value remains consistent. It is predicted that sales and rentals will bounce back quickly. The Cape is easily accessed by car and for many that will mean choosing this mode of transportation over flight when planning vacations. Interest in commutable second home markets as a future precaution is also very likely. Additionally, the current circumstances have launched us into utilizing and normalizing technology that has been available to us for a long time. Orleans, as are other towns, are quite close knit. Observing the community and small business owners coming together to support each other is incredibly heart warming. We truly are all in this together!

6. What are your best tips for living/ working from home?

Being proactive! I recommend:

– Starting each day with ten minutes of journaling. Write down 3 things you are grateful for, how you want to show up for that day, and a positive message to yourself. Be your own cheerleader!

– Ask yourself: Have I eaten? Have I showered? Have I done something creative?

– Also start this day with a list. Organize into high and low energy tasks.

– Build a schedule and stick to it. Include time for self care and honour your boundaries. What are your non-negotiables?

– Celebrate your small wins throughout the day

– Stay connected but know when to take a break and disconnect. Tune in to both your physical and mental health. Practice grace with yourself.

– Mental stretch: what does your 8 year old self need?

– InsightTimer App is my go to for guided meditation and calming music.

– Prepare for a more peaceful sleep and “brain dump” before bed. Write it all down and clear what is weighing on your mind. Calming tea also helps!

I don’t know the originator of this quote, but I write it down I’m my journal everyday: “When you let go of what no longer serves you, you create space for what is meant to be.”

7. Your best real estate story?

Selling real estate on Cape Cod itself! I meet amazing folks from all walks of life and have seen and sold some incredible homes. Experiencing the positive energy of visitors and homeowners is electric as Cape Cod is a safe and special place. They are excited to be here. My parents first purchased their own property when I was just three months old and we have been summering here ever since until permanently relocating. Everyday is my best story as I observed my parents live out their dream, now I am able to help others do the same. Including my own! I love having the creative freedom to take my business and listings to the next level because an artist, I practice art through operating my business. Client satisfaction is the greatest measure of this success.

8. Where is on your travel bucket list?

My list is quite long! Most places in Europe, Dubai, Tulum, and Iceland are at the top.

9. And finally…….. when are you coming to visit us in London!?

Londonnnn! I have always wanted to visit during the holidays. Hopefully early December!

Global Series | Sydney, Australia

Guy Bradshaw
Director, Head of London Residential

In the latest of our Global Series interviews we are taking you to the “land down under” where we spoke to Jaime Upton who is one of the top brokers in the city of Sydney. Originally from the U.K, Jaime and Guy have worked together on a few referrals between both London and Sydney and the clear connection between the cities and countries. We even managed to not talk Cricket or Rugby!

 


1. Which City/ area are you from?

Born in Yorkshire, United Kingdom. Raised in Sydney, Australia from the age of 4.

 

2. What are the best things to do/ see where you live?

Sydney is located on one of the most beautiful harbours in the word – Sydney Harbour surrounded by incredible Pacific Ocean coastline. With summer-like temperatures around 8 months of the year active outdoor activities are some of the best things to do and see in and around the harbour and ocean such as boating and walking, you can even climb the Harbour Bridge! Dine your way through a stay. I love Sydney restaurants, there are plenty of them from casual to fine dining and some of the very best I have experienced in my travels. Long relaxing family, friends and client Friday/Saturday/Sunday lunches are a Sydney institution, often overlooking our magnificent harbour. Sydney is the arts and theatre epicentre of Australia with the Sydney Opera House as a showstopping venue leading the way. When the weather turns a little cooler, just 2 hours’ drive from Sydney is The Hunter Valley, a spectacular wine region and countryside.

3. Tell us a little about your market?

Sydney prestige market has been thriving for many years and decades with the exception of, in my lifetime, the GFC period to which it recovered and went on to experience exponential capital growth. Some might say that Sydney real estate punches well above its weight on a global scale and has often been featured over the years within top 10 most expensive real estate cities in the world-reports. Most expensive apartment sale achieved to date at AUD140,000,000 is a soon-to-be complete 1,600m2 city penthouse which sold in 2019 to an Australian Chinese family. Most expensive house sale achieved to date at AUD100,000,000 is located on 11,200m2 of prime harbourside Eastern Suburb land in the country’s most expensive postcode – 2027, Point Piper which sold in 2018 to an Australian tech-entrepreneur.

4. What is your favourite listing currently on your books and why?

‘Tresco’, a stately sandstone waterfront home which dates to 1868, has stood the test of time on its original Elizabeth Bay site as our Harbour City exploded around it. It’s also on the market for AUD50,000,000 — but the 150 years of high society stories this Victorian manor and its cascading gardens hold are priceless. ‘Tresco’ was owned by the Royal Australian Navy (RAN) and used as the official residence for senior officers for almost 100 years until it was bought privately in 2004. While it has served as the scene of many glittering gatherings, its most famous visitors were in 1986 when Prince Philip and Queen Elizabeth was the guest of honour at the RAN’s 75th birthday celebrations.

This trophy home is set on 3,300m2 of prime Sydney-east waterfront land making it very unique on many fronts. Attraction has been drawn from high net worth Sydney and overseas based ex-pat buyers because of their interest in owning a large compound-style secure trophy home on (call me biased) the best harbour in the world less than 3km from Sydney’s CBD with direct waterfront access and boating facilities. As the property has its own double sided wharf and with extra sea wall pillars, those with involvement in boating have especially sought out to inspect my favourite listing.

5. How has the Covid-19 Pandemic affected your location?

Fortunately real estate services are considered essential in Sydney at the moment. Whilst mostly staying indoors has provided the opportunity to build business, we have been able to show our listed properties by appointment only, one person at a time. This has allowed for moving forward of property sales including those which are scheduled to go to auction. Virtual auctions are now taking place instead of onsite. Certainly, we are more than ever embracing technology with video virtual inspections offered via Facetime and Zoom and interactive 3D virtual inspections conducted for each property listing. Of all sales results achieved, we have not seen any direct evidence of COVID-19 affecting our market in any significant downward fashion as yet. So far, so good!

6. What are your best tips for living/ working from home?

Focus, focus, focus! When I lose focus I use an hour of power trick to make small but truly massive progress. I believe productivity levels are a direct reflection of our energy levels, therefore it is absolutely essential to take care of our health and keep active. I go for daily long walks, minimum 10,000 steps per day and able to get in (morning/evening/lunchtime) livestreaming yoga sessions at home from my regular yoga studio. This alone has been an absolute godsend! Drink lots of water, get a quality night’s rest and eat lightly where possible!

7. Your best real estate story?

Not one story, the whole story. Apart from successfully navigating my way through (and surviving!) some very nice double digit deals and in some cases the opportunity of reselling those properties and servicing those clients to the highest level, I would have to say meeting the most extraordinary people on a daily basis who become clients and sometimes friends for life has become a huge part of who I am. Working within the best luxury real estate brand and network in the world for 8 years where I have experienced the opportunity of referring multiple clients as sellers to our global offices [GPB60,000,000 to London, USD100,000,000 to USA] buyers to many more, has been hugely rewarding not withstanding an incredible value-add to my long standing client-base.

8. Where is on your travel bucket list?

Bahamas, Maldives, Greece, parts of Italy I have not been to, Africa to name a few. And also returning to some of my all-time ultra-favourites – London, South of France, Almalfi, Rome, Paris, Bangkok, Koh Samui and Hong Kong.

9. And finally…….. when are you coming to visit us in London!?

As always, I truly cannot wait to get back to London ASAP. A brilliant city and one in which I feel very at home. Open all borders, fire up the planes and I am there!

London to Vancouver | Global Series

Guy Bradshaw
Director, Head of London Residential

Our latest in the Global Series interview takes us to Vancouver to meet Will Mckitka and Kevin Hardy. I first met Will and Kevin in Vancouver at the Sotheby’s International Realty Global Networking Event. They live and work in one of the most beautiful locations, and were the most hospitable of hosts when 1000’s of Sotheby’s employees descended on their city! If you haven’t had the opportunity to visit this City and the beautiful countryside surrounding it I would highly recommend a visit.


1. Which City/ area are you from?

Vancouver, Canada- Specializing in Downtown penthouses, luxury condominiums, and detached homes throughout the city.

2. What are the best things to do/ see where you live?

Kevin Hardy and Will Mckitka

Vancouver is one the great cities in North America blessed with the best geography. It’s natural beauty and moderately warm climate compared to most Canadian/ Northern American cities makes it a favourite for those seeking warmer winters. It’s also a favourite of International Investors, albeit that has slowed in the last few years due to introduction of several taxes aimed at foreign buyers. There are numerous ski mountains within 30 minutes of the Downtown core, sandy beaches, hiking and walking trails and extensive cycling routes throughout the city and of course the World Famous 1,000 acre Stanley Park. There are numerous golf courses open year round. Visitors enjoy an easy day trip to the Capital City of British Columbia- Victoria ( named after Queen Victoria) by way of scenic ferry trips through the San Juan Islands. Another favourite day trip is the 90 min/120 km drive along the Sea to Sky Highway to Whistler/Blackcomb resort, one of the largest and finest in North America. There’s a very diverse and multicultural food scene here to satisfy the savviest of culinary experts too! Vancouverites are friendly and welcome the world.

3. Tell us a little about your market?

Our Market had enjoyed an unprecedented growth and price increases year over for over a decade through the 2000’s. A series of Provincial and City taxes aimed at significantly cooling down the market were introduced 2016-2018. These include Foreign Buyers tax, Vacancy Tax, Speculation tax and Property Transfer taxes. The taxes eventually cooled the markets significantly. Prices dropped by 20% plus in certain segments. Detached homes in tony neighbourhoods which Offshore buyers had previously dominated suffered the most. Sales volume sank and prices slowly adjusted downwards over a 3 1/ 2year period.

Over the last year the market across the board has improved significantly and prices have been again rising slowly. The beginning of 2020 has been a much hotter market. Detached homes in certain hot areas have seen cases of price wars driven by multiple offers and home selling for $200,000-$300,00 over asking price. We were all enjoying the newly rebounding market until the recent COVID-19 outbreak. Our market in the last 3 weeks has come to a near standstill with most buyers taking a “wait and see approach”. There have been no signs of significant price reductions or panic selling to date. People in Vancouver seem willing to ride out this storm for the time being.

4. What is your favourite listing currently on your books and why?

My business partner Kevin and I currently have two listings that we are particularly fond of…

One is an amazing 30th full floor, 7,316 Sq. FT. Penthouse with incredible millwork and finishing. Five-bedrooms, eight-baths but the show stopper is an incredible 2,200 Sq.Ft. wrap around terrace that highlights every quintessential Vancouver view…soaring mountains, parks, beaches and ocean! $12,800,000.

The other is a beautifully restored First Shaughnessy Tudor Revival mansion named The Rosemary. This twelve-bedroom, thirteen-bathroom home is almost 27,000 Sq Ft. and features pristine heritage features and millwork. It’s a Vancouver landmark, The current owner spent four years and over $6,000,000 on a painstaking restoration project. It’s a visual feast with soaring ceilings, grand oak staircases and eleven fireplaces.

 

5. How has the Covid-19 Pandemic affected your location?

We are currently in a Stay Home directive meaning that persons are asked to stay indoors for the most part except to do essential shopping such as for groceries and pharmacy. All offices and retail stores are virtually close except for essential services. Real estate has been deemed an essential service in B.C. so we are technically allowed to work. Most showings are postponed and the use of Matterport 360 virtual walk through videos are generating buyer calls. We believe that the market will be stalled through at least June.

6. What are your best tips for living/ working from home?

The simple answer is good red wine and Zoom virtual cocktail parties! My Partner Kevin Hardy and I have found the value in maintaining a sense of humour and counting one’s blessing. Taking some time to reflect on simpler times and the little things one used to take for granted give me moments of joy or an unexpected smile. In the back of my head I hear my grandmother’s stories of tough times and how it brought people together in the Great Depression. It makes me smile and feel grateful. Kevin and I are contacting clients and Realtors via phone , emails and Zoom. We believe that it is a time to be sensitive and not appear to be self serving. There will be opportunities for the less risk obverse in the future. For most people the time for that message may be in a month from now, for others that are repeat clients/friends a more informal casual call is always welcome. We’re trying to get organized but like most other humans in this world today sometimes we fall a little short. Most importantly my partner Kevin and I have had a frank discussion to reaffirm the value we find in each other as business partners and friends. The Sotheby’s International Realty Family here in North America has been an incredible support group and terrific for morale as well. Sotheby’s …FOR THOSE THAT SEEK AN INCREDIBLE LIFE!

7. Your best real estate story?

Well I think that’s best left for the memoirs! I’ve been a realtor since I was 20 years old and over the decades I’ve seen a lot of changes and met a lot of people. Realtors are a special breed and generally an exceptional group of people. The best stories usually involve difficult people and heroic actions by hard working realtors. There is one great story that’s so incredible but the NDA does not permit such tattling.

8. Where is on your travel bucket list?

South America is certainly on the list. Also, I’ve always wanted to go to Canadian North – in particular, Churchill Manitoba in the fall when the Polar Bears are migrating and wander right through the streets of this tiny town accessible by rail when the ground is frozen solid. It’s a Canadian thing! I was planning on visiting Guy Bradshaw, this summer on route to Spain and then probably visit friends in Poland and Eastern Europe. I’ve told Guy to put the G and T on hold until the late summer or fall until the covid-19 crisis is more resolved.

9. And finally…….. when are you coming to visit us in London!?

See 8 above… Not soon enough…Guy Bradshaw owes Kevin and I a pint!

Global Series | Los Angeles, California

 

Guy Bradshaw
Director, Head of London Residential

The Next part of our global series takes us to Los Angeles, California where we spoke with Anton Smirnov from www.agentinla.com Anton and his business partner Jeremy have some sensational listings in one of the most fun markets in the world! Having watched the likes of Million Dollar Listing and Selling Sunset in Los Angeles its clear to see it’s a very exciting market place. I was fortunate to meet Anton last year and for him to show me around some incredible homes in Beverley Hills really showcasing the celebrity and luxury lifestyle that L.A. has to offer.


1. Which City/ area are you from?

Anton Smirnov

Los Angeles, CA

 

2. What are the best things to do/ see where you live?

This is Hollywood baby! We have some of the best beaches in the world and you are never too far from the Beverly Hills celebrity life. Los Angeles has some incredible hiking trails that have extraordinary scenic views. You don’t have to go outside of the city to experience this which is quite amazing.

3. Tell us a little about your market?

We get tremendous amounts of tourists flocking in every year. Many of these tourists acquire homes in Los Angeles as this city is a destination that somehow pulls you back time after time.

We had an unbelievable start to 2020 with buyers scooping up everything that was available; however, due to the coronavirus, the momentum that the LA market had took a hit. I am sure the whole world is experiencing this. Prices in LA aren’t necessarily trending downwards but sellers are nervous to sell as they do not want anyone in their home, and buyers are nervous to buy as they’re more focused on their health right now rather than the home purchase. Deals are still getting done but at fraction of the speed that we’re used to out here.

Los Angeles is known to recover from downswings faster than any other city in the world and we’re all looking forward to that recovery!

4. What is your favourite listings currently on your books and why?

 

We have an incredible modern architectural home coming this summer in the exclusive Upper Riviera of the Pacific Palisades in Los Angeles. Almost complete, this Woods + Dangaren designed home has over 10,000 sqft of living space with panoramic ocean and city views. It is located in one of the most sought after areas of Los Angeles. We are excited to see the project come together so beautifully and can’t wait to share it. Here are a couple of renderings. Listing Price – $24M.

We also have a very rare offering of a Penthouse condo in Beverly Hills in The Barcelona which is a very unique building. I represented my client on the purchase about three years ago and she now has decided to move back East. The building is exquisite and the 4 bed 5 bath top floor condo unit is like no other. Floor to ceiling windows bring in a ton of natural light and with windows facing East and South you always have the sun shining through. The rooftop patio has 180 degree views of Los Angeles. You can easily see the Hollywood sign from up there. Currently available off market due to the pandemic. Listing Price – $3.4M

5. How has the Covid-19 Pandemic affected your location?

We’re all on a complete lockdown which now has been extended til mid May. At this stage we cannot be outside without masks and gloves. It is really incredible to see the streets of LA literally empty and the highways with no traffic. This never happens. Everyone is taking the pandemic very seriously.

Best part is that my parents flew in to LA from Ukraine on March 11th for my daughter’s 1st birthday and now they cannot get back home! Ukraine has closed their borders, and all flights have been cancelled so they’re literally stuck here! The free babysitting help is always nice.

6. What are your best tips for living/ working from home?

I have two.
Have a routine and stick to it. Just like you would if the situation was normal. Implement new ideas and strategies to keep yourself busy and motivated because it’s not always easy working from home. I have a one year old running in circles around me while I am trying to put deals together right now so I personally really try to maximize my time when I have it.

Sometimes try to put work aside and actually enjoy this moment of being at home with your family. This is a once in a lifetime opportunity to really build and prosper your relationship with your close ones.

7. Your best real estate story?

I don’t have a particular story but what I can say is that real estate has introduced me to some incredible people who have become close friends and all this wouldn’t be possible if it weren’t for this industry. The connections we have worldwide and locally because of our job is remarkable.

8. Where is on your travel bucket list?

Right now I’ve put my travel bucket list aside. I am currently trying to get my family to Kiev, Ukraine. My grandfather is getting older and I want him to meet his great-granddaughter. I haven’t been back myself in two years now which is a rarity as I try to go home every year. When the travel ban is lifted, not only will my parents be able to go home but we’ll also finally be able to book our flights.
If I had to pick a bucket list destination I would choose a safari experience in Africa. I’ve had some friends go and they all rave about it.

 

9. And finally…….. when are you coming to visit us in London!

Oh yeah, also a place on my travel bucket list of course…! As soon as the pandemic is behind us and I get a formal invite from you, Guy, I will be there.

Global Series | Checking in with Hong Kong

Guy Bradshaw
Director, Head of London Residential

In the first of our interviews, we are visiting Hong Kong to interview Binoche Chan, Chief Operating Officer at List Sotheby’s International Realty. Binoche has over 15 years of experience in sales, marketing and working with luxury properties. Hong Kong and London have maintained a special relationship with some of the world’s best luxury real estate. We will explore the best things to see and visit once the travel restrictions are lifted and what is happening on the ground in Hong Kong now.


1. Which city/area are you from?

Hong Kong

2. What are the best things to do/see where you live?

  • Business and investment.
  • Vibrant night life entertainment, restaurants of all kinds, dim sum is so good here
  • Hiking – there are so many beautiful trails.
  • Water spots the beach and ocean is within 15 to 30 minutes.
  • History and sight-seeing Victoria Harbour, the Peak with day and night panoramas.
  • Street food – a daring challenge!

3. Tell us a little about your market?

Very resilient and fast trading market support by strong local demand.
Interest rate is very low and financing is easy to arrange.
Commercial Retail market is suffering a lot due to coronavirus.

4. What is your favourite listing currently on your books and why?

Ha Yeung, $37,500,000 HKD

This house provides a very different alternative lifestyle to residing in Hong Kong. A similar priced apartment would be half the size in the city centre. Clear Water Bay’s location is great with a fast highway which only takes 25 minutes drive to Central Business District.

5. How has the Covid-19 pandemic affected your location?

With the SARS experience in 2003, Hong Kong citizens were very careful and took immediate action to avoid the virus from spreading when the COVID-19 virus first hit Hong Kong in January 2019 with cases principally from mainland China. Everyone wears face masks and uses sanitiser or washes hand whenever possible. At first it was not too serious in Hong Kong but now, we are facing a second hit from cases coming back from all over the world. As a true international city, this is kind of unavoidable. However, given the discipline and efforts of everyone in the community, we have strong faith that Hong Kong will be one of the earliest cities to recover.

6. What are your best tips for living/working from  home?

Routine and momentum are most important. You must try to keep a regular schedule similar to how you might work in your office so that you can keep the same responsiveness to your team and clients. Leverage the power of technology, conduct meetings with all kind of apps available so we can keep a closer relationship with your counterparts compare to using purely phone calls.

7. Your best real estate story?

Relationship passes on generations. Clients become friends. When being trusted, I think that’s the best reward. There are some very nice clients who rely on me beyond just pure real estate transactional services but also other things such as financial planning after selling a property. When their families has needs, I am the first one being called.

8. What is on your travel bucket list

Middle East countries and Eastern Europe.

9. and finally… When are you coming to visit us in London?!

I miss London. I can come back anytime when the virus is gone. Look forward to seeing you there!

SIRcle The Globe | Orleans Massachusetts

5 Bedrooms | 4 Bathrooms | 4,982 SQ. FT. | Boat Dock

This East Orleans salt waterfront escape boasts a private dock on Meetinghouse Pond and deep water access to some of the best bass fishing in New England. The 4 bedroom 2.5 bath main home affords abundant water views throughout. The 640sf detached studio apartment with balcony deck overlooking the marina welcomes overflow guests. Located just off of East Orleans Main Street and convenient to restaurants, coffee, ice cream, shopping, theatre, and the world renowned Nauset Beach.

In the summer, the property rents at $5,000USD per week. For those looking for an investment property, elevating the décor could yet yield an even higher return.  There is also a studio apartment that lets for £1000 per month – perfect for those wishing to hold a holiday home or an Airbnb-like investment.

Thinking of Moving? Contact Guy Bradshaw

Guy Bradshaw
Director, Head of London Residential

 

 

 

 

 

 

In Massachussets? Contact Emily Van Giezen

Emily Van Giezen
Gibson Sotheby’s Realty

The new immigration framework in Andorra

Law 9/2012 of 31 May 2012 on immigration offers several residence possibilities in Andorra, including passive residence.

Chalet-Tower for sale in Escaldes-Engordany – £2,827,459

Opportunities for British citizens. Passive or non-profit residence in Andorra

There are three categories of passive residence:

Category A: For people living in Andorra without lucrative activity

Category B: For people who have a service company or activity on an international scale that does not make a profit at a local level.

Category C: Created for elite athletes, scientific researchers and artists with international prestige.

In these cases, it is necessary to have a main and effective residence in the Principality of Andorra for at least 90 days per calendar year.

The economic requirements that a resident without lucrative activity must fulfil are the following:

Permanently and effectively invest an amount of at least 400,000 euros in one or several types of assets that are listed below:

  1. Real estate located in the Principality of Andorra.
  2. Holdings in the share capital or in the equity of companies located in the Principality of Andorra.
  3. Debt instruments or finances issued by entities with residence in the Principality of Andorra.
  4. Debt instruments issued by any Public Administration of the Principality of Andorra.
  5. Life insurance contracted with entities with residence in the Principality of Andorra.
  6. Non-interest-bearing deposits with the Andorran Financial Authority (AFA).
Chalet-Tower for sale in Escaldes-Engordany
£2,827,459

Make a non-interest-bearing 50,000 euro deposit with the Andorran Financial Authority (AFA). In addition, the principal owner must also deposit the non-interest-bearing amount of 10,000 euros for each dependent living in the country as a resident without lucrative activity. These amounts will be deducted from the amount referred to in the previous section.

Passive residents are continuously increasing. This community includes some of the world’s top athletes who take advantage of the benefits of altitude training.

British community living in Andorra

For those who have already invested in an Andorran property the benefits of buying a second home, a rental or investment property or moving altogether are detailed below. For more information contact us and our advisors will discuss your options.

British community living in Andorra: conditions and advantages

There has been an established British community in Andorra for many years. +800 British residents are living in the country, attracted by the lifestyle and easy access to skiing, mountain biking, and cycling, as well as its financial sector; many British residents are also retired.

 

Duplex for sale in Ordino
£2,518,206

The Andorran government is taking protective measures in both banking and legal security and in the field of privacy and data protection. Hard or Soft Brexit, your rights are guaranteed.

Andorra is a country with a vested interested in the British entrepreneur with an ever closer collaboration between the UK’s International Trade Ministry and Actua. Andorra encourages innovation offering several growing sectors for British companies, for example the Smart Cities sector.

 

An outstanding fiscal framework adapted to the British resident

Andorra has one of the lowest tax rates in Europe.

Duplex for sale in Ordino
£2,518,206

In order to improve its international relations and end its ‘tax haven’ status, Andorra has opted for OECD approval of its tax regulations since 2009, although tax rates remain very competitive. The signing of bilateral agreements to eliminate double taxation further strengthens the system, with a corporation, income and non-resident tax at a maximum of 10% and where the indirect general tax (IGI) is 4.5%. British citizens will also be pleased to know that there is no tax on inheritances or donations.

Andorra has also alleviated its residence and investment laws to make the country more attractive to foreign investors. According to international consultant Bradley Hackford, in 2017 it was considered the second most attractive fiscal country in the world for investors.

The volume of foreign investment has grown 268% to 3.8% GDP since the new regulations for the opening of FDI in 2012 were approved, higher than the average in neighbouring countries.

An association agreement with the EU is currently being negotiated that will provide British citizens access to the European internal market and its more than 500 million consumers.

Spotlight Special | PRINCIPALITY OF ANDORRA

No-Deal Brexit, Hard Brexit, Soft Brexit…its uncertainty is being felt on both sides of the English Channel.  While the UK’s future relationship with the EU is being discussed, we can suggest a solution completely isolated from both sides. For those looking for a nation with a soft taxation framework and an inspiring mountainous destination, we suggest The Principality of Andorra;  where you can benefit from passive citizenship and a maximum tax cap of 10%. 

Enter PRINCIPALITY OF ANDORRA.

Andorra de la Vella

The perfect destination for British citizens

Andorra is politically and socially a stable country with an extraordinary standard of living, the Principality of Andorra is a popular destinations for British citizens. Here’s why:

  • Favourable tax and tax legislation, open to foreign investment.
  • High solvency of the Andorran banking system.
  • Nominal GDP per capita higher than the EU average.
  • An unbeatable location between France and Spain.
  • The official currency is the euro.
  • One of the highest incomes per capita in the world.
  • The driving forces behind the Andorran economy: mainly the services sector, followed by the financial and the construction sectors.

 

Quality of life in Andorra

  • A safe country with low crime rates.
  • Ranks 2nd in terms of highest life expectancy and is 4th in the world in health.
  • 3 free educational systems: Andorran, Spanish and French.
  • It is also home to the British College of Andorra, which teaches the British National Curriculum.
  • 90% of the country is forests and green areas, with three national parks and hundreds of kilometres of ski runs.
  • Two ski resorts in Europe’s Top 10 for high quality and low prices.