Prices & zones
Andorra la Vella and Escaldes-Engordany for prestige and central locations; Encamp, Canillo and the Grandvalira area for ski-in/ski-out properties.
→ Depending on location and specifications
Real Estate · Andorra
Investing in real estate in Andorra.
A rare and sought-after market, driven by international demand: rising prices, solid rental yields and a light real estate tax framework. We support you from property search to signed deed.
Andorra
A rare market
Andorran property:
Plan my purchase
Andorran property:
a safe store of value with light taxation.
A small territory, limited supply, sustained international demand: Andorran real estate combines scarcity, steady appreciation and one of the lightest tax regimes in Europe. Buying in the right location at the right price is precisely where we come in.
A tight market, rising values
Scarce supply and strong demand underpin prices and liquidity for quality properties.
Light real estate taxation
Degressive capital gains tax down to zero, and no wealth tax on your assets.
Full end-to-end support
Investment authorisation, property search, notary, taxation: a single point of contact from start to handover.
The market in 2026
Where, at what price, and what yield.
A niche yet dynamic market. Here are the benchmarks to target the right opportunities.
Demand & scarcity
Restricted territory, limited new construction, strong international inflows: quality supply is scarce and prices have grown by around 10 % per year recently.
→ A safe-haven assetYield
Rental tension, boosted by skiing and demographic growth, supports attractive net yields — particularly in short-term seasonal lettings.
→ Seasonal & long-term
Real estate taxation
The longer you hold,
The longer you hold,
the less tax you pay.
Andorra's capital gains tax on property is degressive: it rewards long-term ownership, down to full exemption after twelve years.
| Holding period | Capital gains tax |
|---|---|
| Less than 1 year | 15 % |
| 2 to 3 years | ~ 10 % |
| 4 to 11 years | Degressive, down to 1 % |
| 12 years and over | 0 % |
| Degressive schedule (real estate capital gains law) designed to reward long-term ownership. | |
The foreign investment tax, planned for from day one.
Since 2026 (law 2/2026), a purchase by a non-resident is subject to a foreign real estate investment tax of 6 % for a first property, 10 % for subsequent ones. We factor this into your plan from the outset and secure the investment authorisation: no surprises, a fully controlled budget.
Buying as a non-resident
Yes, you can buy.
Yes, you can buy.
We handle everything.
A non-resident can absolutely purchase property in Andorra, subject to a foreign investment authorisation. We coordinate every step of the process.
You
What you bring
- Your project and your budget
- Passport and criminal record certificate (apostilled)
- Proof of source of funds
- Your criteria: location, property type, intended use
We
What we coordinate
- Foreign real estate investment authorisation
- Property search & viewings with our partners
- Notary, purchase deed and investment tax
- Optimisation: personal ownership or corporate structure
- Property management and ongoing tax compliance
Frequently asked questions
Investing in real estate: your questions answered.
Can a foreigner buy property in Andorra?
Yes. A non-resident can purchase property in Andorra after obtaining a foreign investment authorisation, which we handle on your behalf. The process is well-defined and fully secure.
What tax does a non-resident pay when buying?
Since law 2/2026, a foreign real estate investment tax applies: 6 % for a first property, 10 % for subsequent ones. We factor this into your budget from the initial study phase.
How is capital gains tax on property calculated?
On a degressive scale: 15 % in the first year, then the rate decreases with the holding period down to full exemption after twelve years. The system is designed to reward long-term investment.
What are property prices in Andorra?
The market generally ranges from €4,000 to €7,000/m², depending on the area, condition and finish of the property. Central districts and new prestige developments sit at the top of that range.
Is rental property a sound investment in Andorra?
The scarcity of supply and sustained demand — driven in large part by skiing — maintain strong rental tension and attractive net yields. Short-term seasonal lets around Grandvalira are particularly sought after.
Should I buy in my own name or through a company?
It depends on your objective. For an estate to pass on or a multi-property portfolio, a wealth-holding company may be the right structure. We compare both options based on your individual situation.
To go further: our tax advantages, the wealth-holding company or tax residency in Andorra.