Housing
YouTubers Fuel a Housing Crunch in One of Europe’s Tiniest Nations
Andorra has become a popular stop for social-media stars from Spain and other neighboring countries, leading lawmakers to propose new real estate regulations.
The microstate of Andorra has a big appeal for wealthy expats.
Photographer: David Ramos/Getty Images EuropeRight now, the tiny Principality of Andorra is undergoing what could be Europe’s strangest housing crisis.
A mountainous microstate wedged between France and Spain, Andorra is a landlocked pocket known for duty-free shopping and beginner-friendly ski slopes. The state’s low taxes and high levels of banking secrecy have made it a powerful magnet for super-wealthy home buyers and renters.