Andorra Judicial Auction Prices Rise with Housing Boom

Property prices at judicial auctions in Andorra are rising in line with the broader housing market boom, driven by expert valuations that mirror current sales trends.

Xavier Granyó, from the saig office that oversees these auctions, explained that appraisers always apply market criteria when assessing properties. Factors beyond size, room count, and interior features—such as location—play a major role. Properties in central areas command far higher values than similar ones in outlying parishes.

The valuation process starts with an appraisal by a professional appointed by the case administrator, reflecting objective market conditions. Former owners can request a counter-appraisal if they dispute the figure. Should the two valuations differ by more than 20%, a third independent appraiser sets a midpoint value. "This procedure ensures maximum guarantees for everyone," Granyó said, adding that it promotes fairness for both ex-owners and potential buyers while minimising disputes.

Auctions begin with a starting price at 90% of the appraised value to draw bidders seeking near-market deals with a slight discount. If unsold, a second round drops it to 70%, and a third— the legal minimum—sets it around 50%. This tiered system balances buyer appeal with creditor interests.

Today, Andorra la Vella's batllia hosts a public auction of units from the Inter Esquí building in Aldosa, Canillo parish. The lots include flats ranging from 38 to 64 square metres, some with terraces and furnishings, plus parking spaces and storage rooms. Starting prices, at 90% of October 2024 appraisals, range from €125,000 for the smallest flat to €421,000 for a bundle of two larger apartments with extras.

The properties carry liens and mortgages, but these will be cleared upon payment and adjudication. Bidders must deposit 15% of the starting price to participate. Details on outstanding community fees and any rental contracts are available.