Whether you’ve lived in Andorra for a while and decided it’s time to buy a property to make your home, or are simply looking for a new country to invest in real estate, researching the current market prices will give you an edge.
Andorra is a small country with a limited property market and, to be honest, there is not enough market data.
With an ever-increasing influx of new residents and tourists, the market is booming and new opportunities are popping up everywhere.
Calculation of the cost of real estate in Andorra
Andorran real estate is influenced by several factors such as location, proximity to services and schools, stunning views, weather and even sunlight.
If you’re looking to invest (rather than buy to live), be aware that buying a cheaper property may not be easy to sell in the future, and it won’t provide a significant return on investment unless it meets some of these points. higher (especially with a lack of sunlight in winter!)
If you’re looking for great investment opportunities with higher returns, consider commercial real estate.
Advertised Andorran property prices in 2024
The data presented is taken from several sources and calculated based on average price . Remember that the real estate market is constantly changing depending on new developments and public demand.
- Chalet: 3,101 euros m²
- Townhouses: 3,297 euro m²
- Apartments: 3,429 euro m²
- Land: €813 m²
A quick glance shows that a chalet may seem like a better investment, but in most cases the footage includes parking spaces, garages and courtyards, which are clearly not as valuable as bedrooms.
We think prices in these ranges could be great opportunities worth inquiring about:
- Chalets: €3,000 per m² or less.
- Townhouses: €3,250 m² or less.
- Apartments: 3350 euro m² or less.
- Land: €750 m² or less
Keep in mind that while you may be able to find economical properties on Andorran real estate websites, the actual cost depends on access to services, sunlight, condition of the building and more.
Inspecting a property in person is the best way to accurately assess whether a property is a good deal or not.
How to find property in Andorra
We have a guide on this subject that details several resources for finding properties for sale and provides an overview of the property purchasing process.
While it’s easier to go online and look for available apartments and houses, the best way to find a good deal is to contact a local agent and ask people on forums and social groups who can tell you about available opportunities.
Summary
Property prices in Andorra are rising due to the strengthening of the local and European economies and market developments.
Increased foreign investment in the country is boosting development in many areas: exciting projects are planned throughout the Principality that will lead to price changes in the coming years.
Take advantage of Andorra’s tax system and you’ll discover great opportunities not found anywhere else in Europe, plus you’ll be able to enjoy the wonders of the country while living close to a wonderful community where hundreds of new opportunities await you.