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Property Price Uncertainty
Both Monaco and Andorra’s property prices have seen a levelling off this year, according to Tribune Properties, but say this can be explained by factors other than
new EU directive. Tribune say that in Monaco
passing of Prince Rainier earlier this year cast a shadow over
Principality, while in Andorra
local market has slowed as Andorrans struggle to keep up with
price of property, fuelled by buyers from around
world seeking residency.
Two other factors have contributed to
slow down in
first half of
year which could be reversed in
second half –
absence of UK buyers awaiting
outcome of their election in May which saw
Labour Government returned for a historic third term with Tony Blair as Prime Minister and possible tax rises in
pipeline, and buyers holding US dollars who were hit by
rise in value of
Euro – which has now peaked following
EU Constitution ‘No’ votes in France and The Netherlands in June.
Both Andorra and Monaco require new residents to live there for six months a year to maintain their residency (but Andorra doesn’t police this once residency is granted). Andorra property prices start from just over 200,000 Euros for a one bedroom apartment, while Monaco is more expensive with one bedroom apartments from around 600,000 Euros.

Tribune Properties offer details of properties for sale in both Andorra and Monaco. For Andorra property visit http://www.propertyandorra.com , for property and real estate in Monaco and Monte Carlo visit http://www.monacoproperty.net Property in Malta is also available at http://www.maltaproperty.info