Andorra Property Prices in 2025
- elizabethhelenpier
- May 15
- 4 min read
Three times a year, the Andorran government publishes a report on property sale transactions and prices of square meter sold during that period. They then complete the year producing a final annual report on property transactions. Given the difficulty accessing these reports and the fact that the full reports are written exclusively in Catalan, we thought it would be useful to give a biyearly summary in English on what is officially published by the government about Andorra property prices. These statistics are written to understand the scale of property buy-sale transactions in the country. This means the figures are looking at the global average of all transactions, of all money passing hands and all the square meters sold, and not looking at individual sales in 2025.
What to consider before looking at the figures?
a. The figures below are looking over a one to two year period, if you want data on price per square meter sold in Andorra going back further over the years, please read our blog post: 10 years of property prices in Andorra.
b. If there is a lot of new construction taking place, this will influence the figures the year or two following. This is because new builds are sold at a premium price and will therefore increase the average price per square meter if sold in large quantities together.
c. If there is a lot of luxury construction being built, as above with new construction, this will influence the figures the year or two following. This is because luxury builds are sold far above the median price range.
d. Not the historical norm, but the selling of large amounts of old property will of course have an inverse effect on the figures and cause the average prices to drop.
e. A decrease in the quantity of property sales will correlate to the total value of property sold, ergo it will drop the latter figure and vice-versa for increases. If the percentages are not similar, this is due to the price per square meter increasing or decreasing that year, or the type of property being sold changing that year.
Statistics of Andorra Property Prices in 2025
In the first quarter of 2025 there was an increase of 70.9% in property sale transactions in Andorra when compared with the first quarter of 2024. It is important to mention this increment was in large part due to the suspension of foreign investment in Andorra’s Omnibus law that came into force in April 2025. Previous to the law change there was a wave of foreign investors that bought property and completed quickly on the transaction in order to not be blocked from their purchases after the entry into force of the law in question.
When looking at the type of property in Andorra that has been bought between January and April 2025, we can see an important increase in sales of all property types apart from industrial and commercial property. The biggest increase in sales is seen with apartments, houses and buildings (82.5% more than in the 1st quarter of 2024).
Observing the price per meter squared of property sold in Andorra in 2025, we also see an increase of 9.4% on prices for all apartments, houses and buildings, that far outstretches the CPI increases in Andorra for the same period (2-3%) leaving the average price per meter squared of sold apartments in Andorra in the 1st quarter of 2025 at €4302.40.
Despite the apparent increases, if we compare with the last quarter of 2024 as you can view in our blog post Andorra property prices 2024, there has actually been a slight drop in the past few months. Again, this is likely to be due to the surge in foreign investment happening in the last months of 2024, although many other factors could be in play (age of property sold, quality of buildings sold and seasonal fluctuations).
Property prices in Andorra in 2025 and 2026
There is no way to predict the future of course, however if the world economy remains fairly stable (questionable at this time) we would expect a slowing down of these price rises and of the overall property sales transactions happening in Andorra in the near future. This is down to the Omnibus law now being in place and blocking a large portion of foreign investment. As foreign investors accounted for a significant percent of the historical buyers in Andorra’s real estate market, this will clearly influence the quantity of sales happening and consequently it will likely affect the prices over the next year or two also. We do not expect any large price drops to happen over the year 2025 although there will likely be a small drop coming into the next quarter, although it is impossible to judge with absolute certainty. We do expect instead a steady increase of property prices in Andorra of around 5% yearly over the next couple of years, dependent of course on external world factors (economy, US/EU stock markets, war, etc.).
