Real estate investment in Andorra
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%. Five years ago, an apartment of 100 m² cost an average of €273,000, and today it is sold for €358,000.
of housing in Andorra
to get a residence permit
of the transaction amount
How the residential property price index is growing in Andorra
Cost of a 3-bedroom apartment in Andorra
Penthouse with a terrace
in Andorra la Vella,
next to Avenue Carlemany
Apartment in Andorra la Vella,
next to Avenue Carlemany
Apartment in Encamp
What do investors buy?
Properties in the capital, Andorra la Vella, are in high demand.
Andorra residence permit or citizenship by real estate investment
Property buyers can get an Andorra residence permit. The minimum investment amount for obtaining a residence permit is €400,000. Learn more about the Andorra residence permit by investment.
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Taxes and associated costs
Andorra has no annual property tax and no wealth tax.
If the owner leases the property, they pay a 10% tax on rental income.
maintenance of an apartment
Electricity, gas, water, heating, and garbage collection
Internet, TV and telephone
If the real estate seller has owned a property for less than 15 years, they pay a capital gains tax of 1% to 15% on the difference between the sale and purchase prices.
real estate in Andorra
Capital gains tax
Paid on the difference between the sale and
Depends on the ownership period
The law requires transactions to be made through a realtor
Of the transaction amount
Frequently asked questions
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 favorable 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 — from 3 to 10% per annum, depending on the type and location of the property.
Real estate prices in Andorra are lower than in neighbouring France or Spain. The average cost of 1 m² of housing is €3,584. 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.
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.
There’s a 4% transfer tax for purchasing real estate. Landlords pay a 10% tax on rental income.