Property Investment in Andorra as a Foreigner

To buy property in Andorra, a foreigner needs to obtain government permission.

Statistics confirm the liquidity of investments: every quarter, residential real estate prices grow by an average of 1.5%. Seven years ago, an apartment of 100 m² cost an average of €273,000, and today it is sold for €460,000.

€4,600

Average price per 1 m²

€551,500+

Real estate investment for residency

4.5—5%

Associated costs, of the property value

How the residential property price index is growing in Andorra

Cost of a 3-bedroom apartment in Andorra

€2.5 million

Penthouse with a terrace in Andorra la Vella, next to Avenue Carlemany

€1.8 million

Apartment in Andorra la Vella, next to Avenue Carlemany

€400,000

Apartment in Encamp

Real estate in Andorra

https://iminblog.kinsta.cloud/wp-content/uploads/2023/05/9-16.jpg
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Andorra

$670,000+

Apartments after renovation in the city center
square icon175 m²
bed icon4
bathroom icon2
https://iminblog.kinsta.cloud/wp-content/uploads/2023/08/9-1-2.jpg
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Andorra

$162,000+

Modern flat with mountain view in Andorra
square icon41 m²
bed icon1
bathroom icon1
https://iminblog.kinsta.cloud/wp-content/uploads/2023/08/4-1-6.jpg
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Andorra

$170,000+

Cosy apartments in Andorra
square icon54 m²
bed icon1
bathroom icon1
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Andorra residency or citizenship by real estate investment

Buying property in Andorra leads to obtaining a residence permit. The minimum investment is €600,000, with at least €48,500 to be allocated as a deposit and the rest of the sum to be invested, for example, in local real estate. 

The investment can be recovered after the residence permit expires or when the status is no longer needed.

Minimum real estate investment in Andorra

€551,500

Investment share on purchasing a property

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

  • Estimate costs accurately

Download practical guide
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Taxes and associated costs

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country
Property investments
Status
Obtaining time
mt-flagmt-flag
Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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gd-flaggd-flag
Grenada17 properties

$270,000+

Citizenship

8+ months

Show 17 properties

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain30 properties

Not limited

Residence permit

4+ months

Show 30 properties

Not limitedResidence permit4+ months
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pt-flagpt-flag
Portugal41 property

Not limited

Residency after D Visas

6+ months

Show 41 property

Not limitedResidency after D Visas6+ months
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Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

​Frequently asked questions

  • Can foreigners buy property in Andorra?

    Yes. But they need to obtain a permit from the Andorra government.

    By buying real estate, foreigners have the right to obtain an Andorra residence permit and move to a country with a favourable tax climate.

    Andorra's real estate is a liquid asset: on average, prices grow by 5% per year. When an investor decides to sell their real estate, they will not only return the investment but also make a profit.

    Investors can also receive additional income when renting out their real estate — 3 to 10% per annum, depending on the type and location of the property.

  • How much does an apartment cost in Andorra?

    Real estate prices in Andorra are lower than in neighbouring France. The average cost of 1 m² of housing is €4,600. Real estate prices in Andorra grow by 1.5% every quarter.

    Foreigners commonly buy property in the capital of Andorra la Vella. An apartment next to the main shopping street — Carlemani Avenue — will cost the investor 1.8 million euros, and a penthouse — 2.5 million euros.

    In the small town of Encamp, prices are lower: you can find an apartment worth about €400,000.

  • Where is the best place to live in Andorra?

    There are seven regions in Andorra, which are called parishes or “parrocchie”. The capital city of Andorra la Vella is the most popular parish with developed infrastructure and busy life. It’s also the most popular region among real estate buyers.

  • Are there property taxes in Andorra?

    There’s a 4% transfer tax for purchasing real estate. Landlords pay a 10% tax on rental income.

  • Is rent cheap in Andorra?

    Rent in Andorra is not particularly cheap, but it's generally more affordable than in major European cities. Rental prices depend on the location, size, and condition of the property. 

    For a one-bedroom apartment in Andorra la Vella, rents typically range between €800 to 1,200 per month. In smaller towns or rural areas, rents can be lower, around €600 to 900 per month. Larger apartments, especially in popular areas, can cost between €1,500 and 2,500 per month or more.