{"id":11197,"date":"2026-08-11T09:27:17","date_gmt":"2026-08-11T07:27:17","guid":{"rendered":"https:\/\/andorrainsiders.com\/compraventa-inmuebles-andorra-cae-11-8-segundo-trimestre-2026\/"},"modified":"2026-08-11T09:27:17","modified_gmt":"2026-08-11T07:27:17","slug":"compraventa-inmuebles-andorra-cae-11-8-segundo-trimestre-2026","status":"publish","type":"post","link":"https:\/\/andorrainsiders.com\/en\/real-estate-sales-in-andorra-fall-11-8-in-the-second-quarter-of-2026\/","title":{"rendered":"Real estate sales in Andorra: down 11.81%."},"content":{"rendered":"<article>\n<p>The Andorran real estate market slowed in the second quarter of 2026, but residential prices did not plummet. The number of transactions fell by 11.81% compared to the same period in 2025, and the total value of properties transferred declined by 17.31%. The interpretation is more nuanced: there was less activity, but the average price per square meter of apartments barely changed.<\/p>\n<h2>Key data<\/h2>\n<ul>\n<li>Real estate transactions decreased by 11.81% year-on-year in the second quarter of 2026.<\/li>\n<li>The value of transferred properties fell by 17.3% compared to the second quarter of 2025.<\/li>\n<li>The number of real estate properties transferred decreased by 35%.<\/li>\n<li>The transmitted area decreased by 10.6% year-on-year.<\/li>\n<li>The average price per square meter of apartments increased by 0.2%.<\/li>\n<\/ul>\n<h2>Real estate sales in Andorra fall by 11.81% in the second quarter of 2026<\/h2>\n<p>Data published on August 6, 2026, by the official statistics agency shows a slowdown in activity. During the second quarter, 11.81% fewer real estate transactions were recorded than in the second quarter of 2025. This year-on-year comparison allows us to measure how the same period changed from one year to the next.<\/p>\n<p>The situation changes when the timeframe is extended. The cumulative total for the last 12 months shows a 5.11% increase in the number of transactions. The quarter was weaker than the quarter of a year ago, although cumulative activity still remains above the equivalent period of the previous year.<\/p>\n<p>The data suggests a slowdown, although it doesn&#039;t allow us to conclude that there&#039;s a general market collapse. The reduced activity could be related to slower purchasing decisions, greater caution on the part of buyers, or other factors not detailed in the statistics. The drop in transactions also doesn&#039;t guarantee automatic discounts.<\/p>\n<h2>The value of real estate transactions falls by 17.31%.<\/h2>\n<p>The total value of properties transferred decreased by 17.31% in the second quarter of the previous year. Over the last 12 months, the decrease was 4.51%. The difference between these two percentages shows that the last quarter was weaker than the overall performance for the year.<\/p>\n<p>The added value can decrease for several reasons, such as a reduction in the number of transactions, a different composition of the assets sold, or a smaller area transferred. The available statistics do not allow us to determine which of these factors had the greatest impact, nor to assert that all owners are lowering prices.<\/p>\n<p>The average price per square meter of apartments increased by 0.21% in the second quarter of 2026 compared to the same quarter of 2025. Activity and total value decreased, while the average residential indicator remained virtually stable. To analyze housing prices in Andorra, it is necessary to separate the total transaction amount from the unit price of each property.<\/p>\n<h2>How many properties were transferred and which types saw the most changes?<\/h2>\n<p>The number of real estate properties transferred fell by 351% year-on-year. All categories registered declines except for commercial premises and warehouses, which increased by 601%. The group of flats, single-family homes, and buildings decreased by 18.41%.<\/p>\n<p>Land and parking spaces also saw declines, at 7.71%. The statistics reflect different trends depending on the type of property, but do not reveal whether all parishes have evolved in the same way.<\/p>\n<p>To analyze a specific opportunity, compare the usable area, layout, condition, location, and price per square meter. The national average serves as a reference, but it doesn&#039;t replace analyzing the property you actually want to buy.<\/p>\n<h2>The transmitted surface decreases by 10.6%<\/h2>\n<p>The total area subject to transfer decreased by 10.6% compared to the second quarter of 2025. In the cumulative total of the last 12 months, the drop reaches 26.6%.<\/p>\n<p>There are three indicators worth distinguishing: the number of properties, the square meters transferred, and the average price per square meter. Less square footage can be transferred while the unit price remains stable. Similarly, the number of transactions can fall without necessarily indicating a decrease in all prices.<\/p>\n<p>To assess a specific opportunity, compare the usable area, layout, condition, location, and price per square meter. The national average serves as a reference, but it doesn&#039;t replace analyzing the property you actually want to buy.<\/p>\n<h2>How have housing prices evolved in Andorra?<\/h2>\n<p>The direct answer is that the average price per square meter of apartments increased by 0.2% year-on-year in the second quarter of 2026. This is a practically stable variation, especially compared to the drop of 11.8% in transactions and 17.3% in total value.<\/p>\n<p>The aggregated data does not indicate that all parishes, streets, or property types have evolved in the same way. The published statistics do not break down these factors, which can influence a property&#039;s value.<\/p>\n<p>Before investing in property in Andorra, prepare a realistic comparison with similar properties and don&#039;t rely on a national average. Review the total cost, available financing, and the potential demand for the property if you need to sell or rent it in the future.<\/p>\n<h2>Profile of property buyers in Andorra<\/h2>\n<p>Purchases made by individuals decreased by 19.31%, although this group remains the largest buyer. Of these purchases, 77.41% were made by residents and 22.61% by non-residents.<\/p>\n<p>Legal entities show a more pronounced contraction: their acquisitions fell by 58.61% compared to the previous year. Among the purchasing companies, 74.91% are entirely comprised of residents, 6.11% have a resident shareholding greater than 50%, and 191% have a resident shareholding less than 50%.<\/p>\n<p>For a company considering acquiring an office, premises, or other asset for its business, the lower volume of corporate transactions may warrant a more thorough analysis of the terms. It&#039;s also necessary to review the property&#039;s intended use, recurring costs, financing options, tax implications, and future liquidity.<\/p>\n<h2>Age, nationality and sex: what profiles buy housing<\/h2>\n<p>The group of buyers between 30 and 59 years old accounts for 64.41% of all real estate purchased. This is the most representative profile for the period, although the statistics describe a distribution and do not explain the personal reasons for each purchase.<\/p>\n<p>All relevant categories by nationality registered declines. The most significant reduction was among Portuguese buyers, whose purchases fell by 54.71%. This figure reflects the change over the period compared and does not allow for conclusions to be drawn about the future intentions of all people of that nationality.<\/p>\n<p>By gender, purchases made by men decreased by 27.61%, while those made by women decreased by 8.61%. The statistics do not provide sufficient information to explain the causes of these differences.<\/p>\n<h2>What does the drop in operations mean for those who want to invest in Andorra?<\/h2>\n<p>Less activity may place greater emphasis on negotiating price, terms, and conditions of the transaction. Even so, buying is not automatically cheaper. The average price per square meter of apartments rose by 0.21%, while the number of transactions decreased.<\/p>\n<p>The decision should begin with the objective. A primary residence is analyzed according to personal needs, accessibility, services, and ability to pay. A second home depends on its intended use and maintenance costs. A rental property requires studying demand, expected profitability, management, and liquidity.<\/p>\n<p>Foreign investors should review the legal requirements applicable to acquiring real estate in Andorra before committing. They may also need professional advice on the structure of the transaction, taxation, and financing. Regulations and procedures can affect the final return.<\/p>\n<h2>Is it a good time to buy a home in Andorra?<\/h2>\n<p>It depends on the objective, the time horizon, the financing, and the specific location. For living, it makes more sense to prioritize a home that fits the budget and personal needs than to try to anticipate the next market movement. A residential purchase usually has a different time horizon than an investment intended to be sold in a few years.<\/p>\n<p>To invest, compare the price per square meter, rental demand, acquisition costs, recurring expenses, tax implications, and ease of sale. A drop in transactions may offer more time to negotiate, but it can also reflect lower liquidity in certain assets.<\/p>\n<p>Non-residents should first define the structure of the transaction and review current regulations. Based on available data, the market shows fewer transactions and lower added value, while the average price of apartments remains almost stable. This is a scenario to analyze carefully, not to buy for fear of missing out.<\/p>\n<h2>Outlook for the Andorran real estate market after the second quarter data<\/h2>\n<p>The available supply, the arrival of new residents, and access to housing can all influence market trends. The public reference to the need to maintain a correlation between market supply and the arrival of new residents summarizes the challenge highlighted in the original information.<\/p>\n<p>It will be necessary to observe several quarters to determine whether this contraction is a one-off event or part of a longer-term trend. Relevant indicators include transactions, total value, price per square meter, area transferred, buyer profile, and performance by parish, once that data becomes available.<\/p>\n<p>For residents, the focus should be on affordability and the actual use of the property. For non-residents, it should be on acquisition requirements and taxation. For investors, it should be on profitability and liquidity. For businesses, it should be on the asset&#039;s utility and the cost of maintaining it.<\/p>\n<h2>Conclusion: a market with fewer transactions, but stable residential prices<\/h2>\n<p>The second quarter of 2026 showed more subdued activity: transactions fell by 11.81%, total value declined by 17.31%, assets transferred decreased by 351%, and surface area fell by 10.61%. The only positive figure was the average price per square meter of apartments, which increased by 0.21%.<\/p>\n<p>The Andorran real estate market is showing less activity, but the data doesn&#039;t justify claiming that all prices are falling. Any purchase or investment requires an up-to-date analysis of the property, the area, financing options, costs, and the objective of the transaction.<\/p>\n<h2>Frequent questions<\/h2>\n<h3>How much has real estate sales fallen in Andorra in 2026?<\/h3>\n<p>The number of real estate transactions fell by 11.81% in the second quarter of 2026 compared to the same quarter of 2025. In contrast, the cumulative total for the last 12 months shows an increase of 5.11%.<\/p>\n<h3>Has the price of housing fallen in Andorra?<\/h3>\n<p>The average price per square meter of apartments increased by 0.21% year-on-year. This data does not reflect a general drop in the average price, although each area and property type may have evolved differently.<\/p>\n<h3>What has happened to the value of real estate transactions?<\/h3>\n<p>The value of transferred properties decreased by 17.3% compared to the second quarter of 2025. The accumulated total for the last 12 months shows a decrease of 4.5%.<\/p>\n<h3>Who buys the most properties in Andorra?<\/h3>\n<p>Individuals remain the majority group. 77.41% of their transactions are with residents and 22.61% with non-residents.<\/p>\n<h3>Is it a good time to invest in real estate in Andorra?<\/h3>\n<p>It depends on the objective, the asset, the location, financing, taxation, rental demand, and liquidity. Lower activity may facilitate negotiation, but it doesn&#039;t automatically mean lower prices.<\/p>\n<p>  <script type=\"application\/ld+json\">{\n    \"@context\": \"https:\\\/\\\/schema.org\",\n    \"@type\": \"FAQPage\",\n    \"mainEntity\": [\n        {\n            \"@type\": \"Question\",\n            \"name\": \"\\u00bfCu\\u00e1nto ha ca\\u00eddo la compraventa de inmuebles en Andorra en 2026?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"El n\\u00famero de transacciones inmobiliarias cay\\u00f3 un 11,8% en el segundo trimestre de 2026 frente al mismo trimestre de 2025. En cambio, el acumulado de los \\u00faltimos 12 meses registra un aumento del 5,1%.\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"\\u00bfHa bajado el precio de la vivienda en Andorra?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"El precio medio por metro cuadrado de los pisos aument\\u00f3 un 0,2% interanual. Por tanto, estos datos no reflejan una ca\\u00edda general del precio medio, aunque cada zona y tipolog\\u00eda puede haber evolucionado de manera diferente.\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"\\u00bfQu\\u00e9 ha ocurrido con el valor de las operaciones inmobiliarias?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"El valor de los inmuebles transmitidos disminuy\\u00f3 un 17,3% respecto al segundo trimestre de 2025. El acumulado de los \\u00faltimos 12 meses muestra un descenso del 4,5%.\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"\\u00bfQui\\u00e9n compra m\\u00e1s inmuebles en Andorra?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"Las personas f\\u00edsicas siguen siendo el colectivo mayoritario. El 77,4% de sus operaciones corresponde a residentes y el 22,6% a no residentes.\"\n            }\n        },\n        {\n            \"@type\": \"Question\",\n            \"name\": \"\\u00bfEs buen momento para invertir en inmuebles en Andorra?\",\n            \"acceptedAnswer\": {\n                \"@type\": \"Answer\",\n                \"text\": \"Depende del objetivo, el activo, la ubicaci\\u00f3n, la financiaci\\u00f3n, la fiscalidad, la demanda de alquiler y la liquidez. La menor actividad puede facilitar la negociaci\\u00f3n, pero no implica autom\\u00e1ticamente precios m\\u00e1s bajos.\"\n            }\n        }\n    ]\n}<\/script><\/p>\n<h2>Sources<\/h2>\n<p><a href=\"https:\/\/www.estadistica.ad\/\" target=\"_blank\" rel=\"noopener\">Official statistics from the Government of Andorra<\/a>, data from the second quarter of 2026 on real estate transfers.<\/p>\n<\/article>","protected":false},"excerpt":{"rendered":"<p>El mercado inmobiliario andorrano ha frenado en el segundo trimestre de 2026, pero los precios residenciales no se han desplomado. El n\u00famero de transacciones baj\u00f3 un 11,8% frente al mismo periodo de 2025 y el valor total de los inmuebles transmitidos retrocedi\u00f3 un 17,3%. La lectura es m\u00e1s matizada: hubo menos actividad, pero el precio &#8230; <a title=\"Real estate sales in Andorra: down 11.81%.\" class=\"read-more\" href=\"https:\/\/andorrainsiders.com\/en\/real-estate-sales-in-andorra-fall-11-8-in-the-second-quarter-of-2026\/\" aria-label=\"Read more about Real Estate Sales in Andorra: down 11.81%.\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":11196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[979,975,978,976,977],"class_list":["post-11197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-compradores-extranjeros-en-andorra","tag-compraventa-de-inmuebles-en-andorra","tag-invertir-en-vivienda-en-andorra","tag-mercado-inmobiliario-de-andorra-2026","tag-precios-de-la-vivienda-en-andorra"],"_links":{"self":[{"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/posts\/11197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/comments?post=11197"}],"version-history":[{"count":0,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/posts\/11197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/media\/11196"}],"wp:attachment":[{"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/media?parent=11197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/categories?post=11197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/andorrainsiders.com\/en\/wp-json\/wp\/v2\/tags?post=11197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}