Andorra is home to a number of expats who are drawn to the principality’s high quality of life, affordable cost of living, and various tax benefits. If you’ve been thinking of moving here, the first thing you’ll want to check off your list is finding the right accommodation.
Andorra has an affordable real estate market, but we understand that buying property is not a commitment everyone wants to make. In this case, renting a comfortable home is the next best scenario.
Due to the influx of tourists and expats, rental prices have seen a steady increase but the high-end market remains stable. You’ll easily be able to rent an apartment in Andorra for a similar price as that in the UK.
In this article, we’ll walk you through all the questions that you may have with regard to renting property in Andorra along with long term prices for those planning to take up residence.
How to Rent Property in Andorra
The main requirement for a rental contract is a 4 months’ advance deposit. The rental market is entirely realtor-controlled and closed which means all rentals are regulated and abide by the same standards.
You must be prepared to spend the equivalent of 4 months’ rent which is divided into:
- 2 months’ security deposit (refundable). This security deposit is returned after the rental agreement expires.
- 1 month’s rent to the realtor + a local government tax of 4.5%.
- 1 month to cover the first months’ rent.
This 4-month deposit will only entitle you to reside in the property for 1 month, and you will have to keep making payments after the first month.
Should you decide to end your rental contract before time, expect to give the landlord one month’s notice for each year remaining in the contract. Effectively this is anywhere from 1 to 5 months.
Another thing to keep in mind is that an increase in rent solely depends on annual inflation rates. You won’t have to worry about random hikes.
To rent a property in Andorra, there are few documents required. The following applies regardless of whether you’re renting a flat or a villa/chalet:
- A certificate by the FEDA — the energy company of Andorra to connect electricity to the property under your name. This certificate costs €100 on average.
- Registration with the municipal administration. If you rent a property in Andorra la Vella, the administration must register your contract for it to be valid.
Long-Term Real Estate Rentals in Andorra
Rental properties in Andorra are only available on long-term contracts and designed for people who already reside in the country or wish to take up residence.
Rental contracts are drafted for 5 years in length and there are some advantages to renting over buying. Those applying for a “residencia” will need the rental contract to be notarized and translated to Catalan.
The government regulations on real estate are heavily skewed in favor of tenants (as long as they don’t breach the contract).
Rental Rates in Andorra
From small studio apartments to large chalets with heated indoor pools, Andorra has something to suit every need. Finding the perfect fit will take some time since many online listings turn out to be outdated. However, once you take a look at the gorgeous mountain scenery waiting for you from your new home, the wait will be worth it. Here’s an approximate of what you can expect when looking for houses for rent in Andorra:
- Studio flat (25-40m2): €380-€600 per month.
- 1 bedroom flat (35-60m2): €450-€800 per month.
- 2 bedroom flat (50-80m2): €500-€1,200 per month.
- 3 bedroom flat (70-100m2): €700-€1,500 per month.
- Villa or chalet (100m2+): €1,500-€10,000 per month and up.
The prices in Andorra can vary greatly, depending on the location and condition of the property. It is possible to find listings that are above or below average, but this is the general cost to expect.
Finding Andorran Property — Where to Look?
The rental market in Andorra may be limited in comparison to the buyer’s market, but there are always new opportunities to look out for. The best long-term rental properties available are mostly found once you get in touch with a trustworthy realtor or agent.
Other ways to find property for rent in Andorra include searching for listings on online portals like:
- Idealista: the most popular website thanks to its up-to-date listings and good photos.
- Habitaclia: a user-friendly website with many listings, especially on the border of Spain.
- Busco Casa: has the most amount of listings but isn’t very user-friendly and requires some digging around.
- Pisos.ad: is a site that is known to be well connected with realtors from the local market. Expect this platform to climb up the ranks very soon — right up there with Idealista.
However, note that most listings that you’ll come across on these sites will likely be expired, pre-booked or unavailable, considering how controlled the market is. Nevertheless, it’s a great way get a feel of what you’re in for. We recommend utilizing these websites while also staying in touch with local real estate agents.
We’re Here to Help
Finding a rental property in Andorra that suits your needs requires time, patience, and connections. Get in touch with us and we’ll take care of the latter. We have rental properties available on our website and we can help you with the notarization and registration fees. Browse our listings or consult us for advice on getting an address in the principality.