Andorra la Vella and Escaldes-Engordany. These are, in order, the two parishes of Andorra that agglutinate more real estate transactions.
The fact that these parishes are two of the principal economic engines of the Principality together with the different tourist claims they offer make the capital of Andorra and its neighboring parish, Escaldes-Engordany, by far the most important, two localities within Andorran territory more attractive for future buyers and/or real estate investors.
This has led to an oversaturation of the real estate demand in the central parishes, making the price per m² in Andorra la Vella and Escaldes-Engordany is currently above 3.500 euros. In addition, coinciding with the revival of the sector, everything indicates that these prices will be maintained and even follow an upward trend, leading to a higher increase as demand continues to increase.
Canillo, Encamp and Pas de la Casa, future real estate alternatives
Given this context where it is increasingly difficult to find buying opportunities in high yields in Andorra la Vella and Escaldes, such as high parishes Canillo, Encamp and Pas de la Casa are benefiting. Thus, in spite of being far from the center of the country, these parishes are beginning to be a real claim for real estate investors, since they have properties that offer a lower price per m² and therefore, investment opportunity with a yield significantly higher than that currently obtained with a property in a central parish.
Between 1,500 and 2,500 euros per m² of average in the high parishes
While the central parishes price per m² is above 3,500 and maintains a forecast of increase, high parishes such as Canillo, Encamp or Pas de la Casa offer a much more attractive price per m², which oscillates between 1,500 and 2,500 euros.
If to this data, and by itself attractive, is added the process of revaluation that these parishes are maintaining, there is no doubt that these localities are becoming the best real estate options of future.
Thus, if you are interested in buying a flat or house in Andorra or are planning to carry out a real estate investment, from AND.IMMO we recommend that you also value the possibility of doing so in a high parish, since you can buy at a lower price and get a higher financial return for your property.