Housing sales boom in Andorra, MoraBanc CEO says
MoraBanc CEO Lluís Alsina reports a strong upswing in flat sales and mortgage demand across Andorra, with especially high prices in central.
Key Points
- Strong boom in housing sales with high demand for mortgage loans
- Household indebtedness remains low; loans are for housing, not daily expenses
- Properties in Andorra la Vella and Escaldes selling at 'exorbitant' prices
- Widespread construction activity—many cranes visible across the country
MoraBanc CEO Lluís Alsina said there is currently a boom in housing sales in Andorra, with strong demand for mortgage loans to buy flats. He stressed that, unlike in the run-up to the last crisis, household indebtedness is not high: “families are not overindebted,” and “the loans are for housing and not for day‑to‑day” expenses.
Alsina highlighted that demand is particularly intense in the central parishes of Andorra la Vella and Escaldes, where properties “are being sold at exorbitant prices.” He added that sales levels are also very high in the rest of the parishes.
As visible evidence of the boom, he pointed to the large number of cranes around the country, saying you do not need to be a bank director to notice the real estate upturn.
Original Sources
This article was aggregated from the following Catalan-language sources: