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Price per Square Meter in Andorra

The Andorran real estate market is experiencing historic highs. In 2025, the average price exceeds €5,700/m², with a revaluation of more than 80% over the last seven years. A market that already surpasses cities like Barcelona in price.

Check the updated prices by parish and discover how to invest in Andorra with the support of a specialized real estate agency and law firm.

  • Updated data by parish and property type
  • Historical evolution and market trends
  • Personalized advice for buyers and investors
  • Legal security throughout the entire purchase process
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Why does Andorra's real estate market continue to rise?

Growing international demand

The attractive tax system, legal security, and quality of life in the Principality continue to attract buyers from France, Spain, and the United Kingdom, sustaining demand that far exceeds available supply.

Limited land, rising value

The Principality’s mountainous geography structurally limits buildable land. With more than 80% revaluation since 2019, Andorra offers one of the most solid real estate returns in Europe.

Tax system that drives purchases

Maximum personal income tax of 10%, no wealth or inheritance tax, and a property transfer tax of 4.5%. The tax advantage is a determining factor for domestic and international investors who choose Andorra over other European markets.

Price per m² in Andorra by Parish — 2025 Data

The price varies significantly by parish. These are the most recent data available, based on the AGIA report (H1 2025) and specialized sources:

  • Escaldes-Engordany: ~€6,935/m² · the most expensive parish in the Principality.
  • Andorra la Vella: ~€6,018–6,671/m² · capital and highest transaction volume.
  • Ordino: exclusive and rural · average apartment price exceeding €1,170,000.
  • La Massana: ~€5,400/m² · family area with direct access to Vallnord.
  • Canillo: ~€5,600/m² · linked to skiing and second homes.
  • Encamp: ~€4,183/m² · the most affordable option in the Principality.
  • Sant Julià de Lòria: ~€3,633/m² · the most economical, bordering Spain.
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Evolution of Price per m² in Andorra

The starting point: ~€3,100/m²

In January 2019, the average price per square meter in Andorra stood at around €3,100. The 2020 pandemic acted as a catalyst: interest in residing in a safe environment with low population density and excellent quality of life drove demand in an accelerated and sustained manner.

Growth consolidation: ~€4,000–4,500/m²

Between 2022 and 2023, the market consolidated as one of the most active in southern Europe. The arrival of digital nomads, international investors, and high-net-worth individuals seeking to optimize their tax situation kept prices in constant ascent, with record transaction highs in 2022.

Historic highs: +€5,700/m² average asking price

In the first half of 2025, AGIA recorded an average price of €4,295/m² in closed transactions, with published listings exceeding €5,700/m². The number of sales grew 65.2% year-on-year in Q3 2025, confirming that the Andorran market already surpasses Barcelona in price and maintains a clearly upward trajectory.

What to Consider Before Buying in Andorra

In Andorra, real estate transactions are subject to the Impost de Transmissions Patrimonials (ITP), which ranges from 1% to 4% depending on the purchase price and type of property. It is one of the lowest transfer taxes in Europe, which reinforces the market’s appeal for international investors.

Since 2024, foreign buyers without accredited residency in Andorra are subject to an additional progressive tax on property purchases (Law 3/2024). Furthermore, since April 2025, non-resident investors can only acquire a maximum of 2 apartments or 1 single-family home. Our law firm advises you to optimize your purchase structure within the current legal framework.

Formalizing the sale before a notary in Andorra entails fees that typically range from 0.5% to 1% of the purchase price. Property registration has a reduced additional cost. In total, purchase costs in Andorra are significantly lower than in Spain or France.

The Andorran mortgage market is well developed. In 2024, the average interest rate stood at 3.79%, with terms exceeding 14 years. Andorran banks typically finance up to 70–80% of the appraised value for residents, with conditions that vary for non-residents.

Gains obtained from the sale of a property in Andorra are subject to decreasing taxation based on the holding period. After 10 years from acquisition, capital gains are completely exempt from taxes. A first-rate tax incentive for long-term investors.

Frequently Asked Questions About Price per m² in Andorra

According to the AGIA report for the first half of 2025, the average transaction price stands at €4,295/m², the highest level in the historical series. If published listings on specialized portals are considered, the average rises to €5,700–5,900/m², with notable differences between parishes: from €3,633/m² in Sant Julià de Lòria to over €6,935/m² in Escaldes-Engordany.

Since January 2019, the Andorran real estate market has accumulated a revaluation exceeding 80%. In the first half of 2025, the average price grew 16.4% compared to the previous year, with the apartment segment rising 15.6% year-on-year. Q3 2025 transactions grew 65.2% compared to the same period in 2024.

Escaldes-Engordany is the parish with the highest prices, with an average of €6,935/m² according to the AGIA H1 2025 report, and recent new construction transactions exceeding €8,493/m². It is followed by Andorra la Vella, with prices between €6,018 and €6,671/m² depending on the source. Ordino stands out for the absolute value of its properties, with average unit prices exceeding one million euros.

Sant Julià de Lòria is the parish with the lowest prices in the Principality, with an average of €3,633/m². It is followed by Encamp, with approximately €4,183/m² for houses, according to the latest available data. Both represent entry options to the Andorran market with greater economic accessibility, while maintaining all the tax advantages of the Principality.

The Andorran market combines three factors that are difficult to find simultaneously: sustained revaluation, highly competitive tax system, and structurally limited buildable land. With more than 1,986 transactions in the first half of 2025—23% more than in 2024—and international demand showing no signs of moderating, the upward trend remains consolidated for the coming years. Contact us to analyze your specific case.