The rise in real estate prices leads to the largest demonstration in the history of the principality

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The rise in real estate prices leads to the largest demonstration in the history of the principality

This is a dispute of unprecedented scale for the principality. Hundreds of people took part in the largest demonstration in Andorra’s history on Tuesday evening to protest against rising property prices.

The demonstrators read a manifesto demanding “decent housing”. “Housing is a fundamental right recognized in our Constitution and we cannot accept speculation about a fundamental need,” they argued.

Housing at the heart of the last electoral campaign

“There will be a before and after of this mobilization and political leaders know it,” declared one of the promoters of the movement, who is demanding the resignation of the head of government Xavier Espot, re-elected in April as head of the party. a coalition from the center. -RIGHT.

Access to housing was a central theme of the spring electoral campaign and the head of government committed to building social housing.

An attractive tax policy

Property prices in Andorra, a Pyrenean state of 80,000 inhabitants, have jumped by more than 30% since 2018, forcing some citizens to find accommodation in neighboring Spain.

In recent years, thanks to an attractive tax policy, Andorra has attracted the rich, which has caused an increase in real estate prices.

20 Minutes with AFP


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