OFFPLAN NEWS

(27.06.2007 )
Real estate in Andorra Andorra is a country of astonishing natural scenery

This tiny Pyrenean country - set in the border between France and Spain - has been transforming itself into a playground of spas, ski apartment Andorra resorts and shopping malls. The building of new attractions in Andorra la Vella, the capital, is part of the principality's success in luring ever more visitors across its scenic mountain passes. Thanks to its geographical advantages, Andorra has become an exceptional tourist destination, receiving around 10 million visitors a year - 86% of them loyal visitors who come over and over again.

"Tourism is, and will continue to be, the principal economic activity and source of wealth for Andorra. It is the country's "modus vivendi", Minister of Turism Enric Pujal said. "The importance of tourism lies not only in its direct contribution but also in its role as a benefactor of other industries, particularly construction and the hotel business." He explained that the sector forms 80% of the country's GDP.

Tourism first flourished in Andorra in the early 1960s, thanks to development of the commercial sector, but the country remained mainly a shopping location until the 1980s. During the last decade, however, winter sports have gained importance, mainly due to public and private sector investment in the country's state-of-the-art ski infrastructure. "Snow is the only product made in Andorra," Joan Viladomat, president of the ski resort Pas de la Casa/Grau Roig, said. He added, "Spain's entry into the EU eroded this country's commercial advantage and prompted a policy shift, when the government realized skiing had enormous potential."

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