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Some Information about the Real Estate in Aruba There is now an atmosphere of recovery after years of falling real estate market in Aruba which can be attributed to its robust growth in economy and a continued tourism growth. We are yet to find an official data on the cost of an average house prices per square meter in Aruba, however, imagine a two-bedroom house with a pool would cost you around US$325,000. After the global economic crisis in 2009, the economy in Aruba has slowly gaining and making the property market also recover by 2013.
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In Aruba, it is in Bakval, located south of Malmok, that is considered to have the most expensive housing. The largest group of homebuyers in Bakval are North Americans, especially from the United States, with residential properties ranging from US$800,000 to US$1.3 million. South Americans from Brazil and Venezuela are having a growing interest too of the real estate in the place.
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Another sign of a growing residential market in Aruba is the picking up of residential construction wherein the number of construction permits granted for houses and apartments increased by 18.8 per cent. Having named as paradise on earth, Aruba’s real estate market is booming nowadays. Note that there are some tax matters that you have to bear in mind when thinking of purchasing, owning, or exploiting real estate in Aruba. Paperwork is also a consideration, as in any other parts of the world, and so it is advisable that you understand the requirements if you are contemplating on buying a piece of real estate in Aruba. You can connect with several Aruban realtors who can help and assist you in going through and understanding the requirements, rules and regulations regarding property ownership in the place. In Aruba, there are several kinds of vacation property rentals available to suit the needs of every kind of visitor or tourist. Aruba has a wide range of properties for rent, like a cosy studio apartment, or a beach villa, a luxurious condo, or a fully furnished timeshare unit, these are offered all. Depending on the location, group size, level of comfort, square footage and amenities, these properties can be found in different price ranges. December is considered as the busiest time of the year in Aruba for rentals and many properties are rented several months in advance. Several visitors and tourists would usually select a condo or apartment as their vacation place in Aruba and these are available for long and short term stays. These travellers or visitors in Aruba prefer these vacation apartment rentals over a resort or hotel because of the convenience, size and the homey atmosphere. Free internet access, daily housekeeping, breakfast, a pool and other amenities are available depending on the apartment you have chosen and the length of stay.