Andorra Apartment Prices Dip in Q1 2026 as Homes Surge, Transactions Fall

Property prices for apartments in Andorra moderated slightly in the first quarter of 2026 compared to the previous quarter, while prices for single-family homes and entire buildings rose sharply. Official statistics released on Thursday show the average price per square metre for apartments at €4,415.9, down from €4,547.3 in the last quarter of 2025 but up 3% or €126.9 from the first quarter of 2025.

Across all built properties—including apartments, single-family homes and buildings—the average reached €4,661.7 per square metre, a jump of €455.1 from €4,205.6 in late 2025 and up 11% or €461.8 from the first quarter of 2025.

Transaction numbers fell 3.7% year-on-year, from 511 to 492, though the 12-month rolling total rose 18.5% to 2,156. Sales of apartments, single-family homes and buildings dropped 9.1%, from 438 to 398. Overall properties transferred declined 12.9% to 1,132 from 1,300, with all categories affected. Land and parking spaces saw the steepest fall at 16.6% to 33.4%. The 12-month total for properties transferred increased 20.4%.

Total transaction value dropped 12.9% year-on-year to €320.3 million from €367.8 million, while transferred surface area fell 19% to 137,898 square metres from 170,143. Housing surface area bucked the trend with a 10.4% rise, as did commercial spaces and warehouses, which doubled.

Individual buyers, who dominate the market, cut purchases 7.5% to 898 from 971; 73.2% were residents (657) and 26.8% non-residents (241). Corporate purchases fell 29%, with 82.2% fully resident-owned firms, 10.3% majority-resident and 7.6% minority-resident.

Buyers aged 30-59 accounted for 65.2% of acquisitions. Under-29s rose from 68 to 98. French buyers dropped 17.5%; Andorrans and Spaniards led volumes. Men’s purchases fell 8.4%, women’s 3.9%. The 12-month transaction value rose 9.1%, but surface area fell 23%.