Andorra Apartment Prices Rise 3% to €4,416/sqm in Q1 2026 Despite 9% Sales Drop

Apartment prices in Andorra rose 3% year-on-year to €4,415.9 per square metre in Q1 2026, official Estadística data showed Thursday, even as apartment sales fell 9.1% to 398 units from 438 a year earlier. The average across all constructed properties—apartments, single-family homes and full buildings—hit €4,661.7/sqm, a €455.1 increase from €4,205.6 in Q4 2025 and 11% above €4,199.9 in Q1 2025.

Total property transactions dropped 3.7% year-on-year to 492 from 511, with a similar decline from Q4 2025. Properties transferred fell 12.9% interannually to 1,132 from 1,300, though the 12-month rolling total climbed 20.4%. Over the past year, transactions rose 18.5% to 2,156 from 1,820, while transferred values declined 12.9% year-on-year to €320.3 million from €367.8 million but increased 9.1% on a 12-month basis. Transferred surface area shrank 19% interannually to 137,898 sqm from 170,143 and 23% over 12 months. Prices increased in most categories except land and parking spaces, down 33.4%.

Fewer high-value deals slowed activity, offset by gains in single-family homes and buildings that boosted the overall average. Apartment prices eased from €4,547.3/sqm in Q4 2025.

Individual buyers, down 7.5% year-on-year to 898 deals, handled 73.2% of resident physical-person purchases and 26.8% of non-resident ones. Corporate acquisitions plunged 29%, with 82.2% by fully resident-owned firms, 10.3% by majority-resident companies and 7.6% by those with minority resident ownership. Buyers aged 30-59 made up 65.2% of deals, with under-29s rising from 68 to 98. All nationalities fell, French buyers most sharply at 17.5%; male purchases dropped 8.4% and female 3.9%.

The figures signal quarterly softening despite longer-term expansion.