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Real Estate Market in Aruba is Improving The country’s robust growth in economy and its continued growth in tourism, has made the real estate market in Aruba recover after years of falling in prices. 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. The economy in Aruba has slowly gaining grounds since the economic crisis in 2009 and property market is now recovering in the middle of their economic growth in 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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Residential construction in Aruba shows also its growth that boosts the residential market, and this is shown by the number of construction permits rising to 18.8% being granted for houses and apartments. 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 are ideal for both long and short term stays thus many visitors would select a condo or apartment as their ideal vacation property. 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. Depending on the unit you have chosen and the length of stay, you can have free internet access, daily housekeeping, breakfast, a pool, an outdoor dining facilities and other amenities.