The land registry system in Andorra
The land registry system in Andorra
Real estate is one of the investment areas that most interests foreigners in Andorra. Among the reasons for getting started, inheritance tax and wealth tax do not apply, taxation is low and the banking system is efficient. For those who wish to buy a house or rent a property in this country, understanding its land registry system may be necessary. People with a construction project may also need a land registry sheet to complete their building permit file. What is the land registry and what is its importance in Andorra? Discover all the procedures required to register your property acquisitions, as well as property taxes and other obligations related to real estate investment in the Principality.
What is the land registry? The land registry is a system for recording the status of real estate and sharing it publicly. It is established at national level and on a permanent basis. It allows you to manage any changes to information about land and all types of buildings. It can serve both private use and national land management. The land registry encompasses several pieces of information:
Territories,
The number and dimensions of plots,
- Property values,
- Zone boundaries,
- The location of real estate,
- Land category, etc. In simpler terms, the land registry system brings together all the information needed to better present the values of a land asset. The land registry, as an administrative document, has a fiscal and legal purpose. It can in no case constitute a title of ownership. The land registry map also allows you to consult and better locate the main communication routes, waterways, etc.
- L’emplacement des biens immobiliers,
- La catégorie du terrain, etc.
En plus simple, le système cadastral rassemble toutes les informations nécessaires afin de mieux présenter les valeurs d’un bien foncier.
Le cadastre, en tant que document administratif, a une vocation fiscale et juridique. Il ne peut en aucun cas constituer un titre de propriété.
Le plan cadastral permet également de consulter et de mieux localiser les principales voies de communication, les cours d’eau, etc.
The importance of the land registry in Andorra Land registry surveying serves a specific purpose. Assessing land area remains essential insofar as it will protect the property rights of each Andorran citizen. For expatriates who have invested in real estate in Andorra, knowledge of the land registry map is essential since it will guarantee legal security for property transactions and other procedures necessary regarding their property.
It will also allow property taxes owed by the property owner to be calculated. Before buying a property, it is important to check the land registry information to ensure its compliance. In Andorra, the communal land registry fulfils roughly part of the functions of a land register.
It can, indeed, mention the presumed owner of a property. ).
Procedures for registering a property It would be wise to note that it is not necessary to be an Andorran resident to buy any property in this country.
That said, foreigners will need to apply for an investment authorisation from the Andorran government before acquiring one and registering it in the Andorran land registry.
It should be noted that registration of an acquired property in the land register is not mandatory, but strongly recommended.
It notably serves as a legal guarantee against third parties.
This registration means, indeed, that you publicly declare yourself as the true owner of the property.
- This procedure can also allow you to obtain a mortgage loan more easily.
- Required documents and procedure to follow To register your property in the land register, you will need to gather the following documents: A notarised copy of the public deed of sale of the acquired property, Proof of payment of your ITP (property transfer tax), And proof of payment of your communal tax.
- Once all these documents are gathered, you will need to refer to the services of a notary for this procedure.
Local estate agencies can also advise and support you in this process.
