Back to home
Business·

Andorra Allocates €189,800 to Rent Buildings for Affordable Housing Expansion

The government targets entire multifamily residential buildings and tourist apartments across the Principat to boost public affordable housing stock. Bidding prioritizes low rent, minimal renovations, energy efficiency, and central locations.

Key Points

  • €189,800 budgeted for 2026 to lease multifamily buildings, aparthotels for min. 30 years.
  • Properties must be vacant, lien-free, and habitable; excludes risk zones and homes needing major repairs.
  • Bids open to all owners; scored on price (up to 60 pts, favors 10% below valuation), reforms, efficiency, location.
  • Proposals due August 17; winner posts 2% rent guarantee.

The Andorran government has set aside €189,800 for 2026 to fund the rental of entire buildings, expanding the public stock of affordable housing through contracts lasting at least 30 years.

Details appear in the tender specifications published Wednesday in the Butlletí Oficial del Principat d'Andorra (BOPA). Housing Minister Conxita Marsol highlighted the initiative, which targets complete multifamily residential buildings, aparthotels, and tourist apartments or homes across the Principat. Properties must be vacant, free of liens, occupants, or squatters, and eligible for a habitability certificate.

Exclusions cover single-family homes, rural farmhouses, structures in red or orange risk zones, buildings barred from residential use by planning rules, and those requiring major renovations—defined by their scale, cost, or duration—that cannot be covered within the lease term.

Any owner, individual or corporate, Andorran or foreign, may bid if they hold adequate legal rights and satisfy solvency and contracting requirements. The evaluation process starts with proposal submissions, followed by admission checks, independent valuations, initial offers, and negotiations on rent, duration, and grace periods.

Scoring awards up to 60 of 100 points for price, favouring bids at least 10% below the valuation. Further points go to buildings needing no reforms (maximum) or under €12,000 per unit (penalized above that threshold), higher energy efficiency, and location near kilometre zero.

The government decides the winner and approves multiyear funding. Successful bidders must post a 2% rent guarantee, refundable upon signing within 60 days of the award.

Proposals are due by 17 August.

Share the article via