Property
Andorra — Property: Mortgage Availability
The availability of mortgages in Andorra is limited and primarily offered by foreign banks, as local financial institutions do not commonly provide mortgage services. This can complicate property acquisition for relocating individuals, with foreign banks often providing services.
VerifiedPrivate source: Expat Focus — not a government sourceAndorra - Property Financing - Expat FocusLast reviewed: 2026-11-05
Why this matters
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Key facts
- Foreign banks, such as Caixa Bank and ING, often provide mortgage services
- Typical LTV for non-residents
- Subject to stricter conditions than for residents (as of 2025)
Steps
- Obtain mortgage pre-approval — Contact foreign banks with branches in Andorra or in neighboring countries to inquire about mortgage pre-approval.
- Prepare necessary documents — Gather financial statements, employment history, and other documents required by the bank for mortgage application.
Costs
- Loan origination fee: Varies by bank
Timelines
- Mortgage application process: Varies by bank, generally 2-4 weeks
Required documents
- Financial statements
- Employment contract
- Proof of income
- Identity documents
Common mistakes
- Applying only to local Andorran banks
- Failing to prepare comprehensive financial documentation