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Some Information about the Real Estate in Aruba Aruba’s real estate market is now recovering after years of low condition and this is all because of their robust economic growth and a continuing tourism growth. The average house prices per square meter in Aruba has no official data yet but to give you an example, it would cost you US$325,000 for a two-bedroom house with a pool. 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. Bakval properties range from US$800,000 to US$1.3 million with the largest group of homebuyers coming from the United States or North Americans. Lately, South Americans are having a growing interest of the real estate of the place, particularly from Brazil and Venezuela.
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There is a growth of residential construction too in the number of construction permits for houses and apartments, with an increase by 18.8%, that help the growth of the residential market. Having named as paradise on earth, Aruba’s real estate market is booming nowadays. If you are thinking or interested to buy real estate in Aruba there are some tax matters that you have to consider. 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. Vacation propert rentals are available in Aruba that would suit every type of tourist or traveller. Real estate rentals are offered in Aruba, whether you are looking for a simple cosy studio apartment, or a private beach side villa, a luxurious condo, or a fully furnished timeshare unit, you have these. These mentioned properties are available in all price ranges based on location, group size, level of comfort, square footage and amenities. Aruba property rentals are available whole year round, but it is during December which is the busiest, that in fact, many units are rented several months ahead of time. Vacation properties in Aruba in the form of condo or apartment are the popular places to stay especially you can rent them in short or long term stays. Compared to resorts and hotels, many travellers and tourists would prefer vacation apartment rentals because of the size, convenience and the feel at home 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.