Apartment Prices Rise to €4,570 per Square Metre as Private Buyers Continue to Lead Andorra’s Property Market

Andorra’s property market recorded another increase in prices during the second quarter of 2026, despite a decline in the number of transactions.

According to data released on Thursday, the average price per square metre of apartments sold reached €4,569.7, up 0.2% compared with the same period last year, when the average stood at €4,559.9.

At the same time, the number of real estate transactions fell by 11.8% compared with the second quarter of 2025. However, when looking at the accumulated figure over the previous 12 months, transactions were still up 5.1%.

Number of Transferred Properties Falls by 35%

The data also show a sharp decline in the number of properties transferred, which fell by 35% year-on-year.

Almost every category recorded a decrease, with the exception of commercial premises and warehouses, where the number of transactions increased by 60%.

In terms of the economic value of the properties transferred, the figure also decreased by 17.3% compared with the same quarter of the previous year.

The total surface area sold also fell, declining by 10.6% year-on-year.

Individuals Continue to Dominate the Market

Individuals remain the main buyers in Andorra’s property market, although their acquisitions decreased by 19.3%.

Of all transactions carried out by individuals, 77.4% involved residents, while the remaining 22.6% were made by non-resident buyers.

Purchases by legal entities fell sharply by 58.6%. Most transactions involving companies were carried out by companies fully owned by residents, accounting for 74.9% of purchases.

Buyers Aged 30 to 59 Account for Most Transactions

By age group, people between 30 and 59 years old remain the most active in Andorra’s property market, accounting for 64.4% of all properties acquired.

By nationality, all major categories of buyers recorded declines. Nevertheless, Spanish citizens remain the largest group of non-resident buyers.

One of the most significant changes was the sharp fall in purchases by Portuguese buyers, whose acquisitions decreased by 54.7% compared with the second quarter of 2025.

By gender, purchases made by men fell by 27.6%, while acquisitions by women decreased by 8.6% year-on-year.

The latest figures therefore point to a property market in which prices continue to rise slightly despite a significant reduction in transaction volumes, while private individuals remain the dominant force among buyers.