Real Estate Investors in Andorra

Andorra—tucked between France and Spain in the Pyrenees—isn’t your typical real estate hotspot, but that’s changing. Once primarily known for tourism, skiing, and tax neutrality, the principality is now drawing serious attention from property investors seeking yield, residency-linked development, and ultra-prime alpine real estate. With increasing interest from international buyers (especially from France, Spain, and more recently, the UAE and Eastern Europe), Andorra is evolving into a discreet, high-quality niche market for developers and capital partners alike.

The local market is dominated by family offices, developer-owners, and boutique investment groups, but global private wealth is increasingly flowing in—particularly into branded residences, second homes, and commercial hospitality. Below is a curated list of real estate investors actively shaping Andorra’s emerging property market.

• Casa Andorra – One of the country’s leading property investors and developers, focused on ultra-prime chalets, branded residences, and resort-adjacent multifamily units. They are behind several high-end apartment buildings in Escaldes-Engordany and La Massana. Works with HNWIs on custom development structuring.
• Rocalux – A multi-generational Andorran family office managing commercial and residential property portfolios. Their holdings span retail parks in Andorra la Vella, ski-in-ski-out units in Arinsal, and long-term rental flats targeting seasonal workers and professionals.
• Altavista Property Investment – Boutique investor and broker that also takes equity stakes in new developments. Backed by international entrepreneurs from the UK and UAE. Specialising in high-spec new builds in Ordino and Encamp, often with mountain-facing design and modular build methods.
• And.immo – While primarily an agency, And.immo is increasingly acting as a co-investor on land assembly and small-scale developments. Recently partnered on a multi-unit passive house project in Canillo and is actively expanding into eco-tourism-linked real estate.
• Factor Immobilier – A developer and capital partner focused on high-efficiency residential and hospitality investments. Recently funded the redevelopment of a 40-unit aparthotel in El Tarter, and open to equity-sharing models with landowners and architects.
• Andorra Life Properties – A HNWI-backed firm acquiring chalets, older apartments, and hotel assets for repositioning. Known for high-touch refurbishments and targeting international clients relocating to Andorra for tax and quality-of-life reasons.
• Kronos Andorra – A private investor group specialising in luxury developments and land banking. Currently managing several high-altitude sites near Grandvalira with potential for future branded residential or resort development.
• Andorra Lifestyle Properties – Focused on residency-based investment products and fully furnished luxury developments. Their clients are often digital nomads and EU retirees. Recently partnered with Swiss capital to fund a wellness-focused housing concept in La Massana.
• Fundimmo Luxembourg – A cross-border investor that has entered the Andorran market via a JV to develop eco-sustainable residential buildings in Encamp. Focused on green-certified assets with a minimum €5M GDV.
• JMR Group – A multidisciplinary development and investment company with interests in real estate, hospitality, and infrastructure. JMR recently completed a high-end mixed-use building in Escaldes and is active in urban master planning within Andorra la Vella.
• Finques 3 Cases – A real estate company that also invests in buy-to-rent residential portfolios. Currently acquiring 6–12 unit blocks for yield strategies, targeting professionals and seasonal rentals near the capital.
• Omnia Capital – A discreet investment office involved in hospitality, real estate, and alpine tourism infrastructure. Recently backed a ski-area lodging redevelopment in Grau Roig and is scouting build-to-sell housing for high-net-worth newcomers.
• Grupo Altabix – Spanish developer expanding into Andorra, recently acquiring sites for mixed-use residential-retail in Andorra la Vella. Plans include modular construction and passive house certification. Looking to partner with Andorran family offices on execution.
• SAR Real Estate – Private wealth-backed investor focused on prime residential and branded boutique hotels. Recently completed a €7M luxury chalet development in Ordino and is acquiring a former convent in Escaldes for cultural and hospitality use.
• Andorra Re – New entrant to the market with a platform focused on income-producing real estate, including parking structures, coworking hubs, and managed short-let units. Targeting core yields of 5–6% in a tax-advantaged setting.

Andorra’s property tech ecosystem is small but growing. Several startups, including AlpineLet (short-term rental automation) and FiscalNomad (property plus relocation concierge service), are making it easier to serve international investors, especially those relocating for tax and quality-of-life reasons.

Andorra’s real estate market is entering a new chapter—where discretion, design, and long-term positioning are more valuable than pure scale. For those who understand how to operate in a niche but well-capitalised environment, the potential is anything but small.