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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. 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. By 2013, Aruba’s property market is showing healthy economic growth, after the global economic crisis in 2009.
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Located south of Malmok is Bakval which is considered in Aruba as having 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. Recently, there has been growing interest for the real estate properties from South Americans like 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. Being tagged as paradise here on earth, Aruba’s real estate market is booming. When purchasing, owning or exploiting real estate in Aruba, you have to consider the real estate tax of the place. Buying a house and living in Aruba, just like in other places, would need paperwork and this you must understand about its requirements. Several Aruban realtors are available who can help and assist you in understanding and going through about the rules and regulations regarding real estate ownership in Aruba. To suit every type of traveller, there are several varieties of vacation property rentals available in Aruba. 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. You can choose these available properties in all price ranges depending on your needs, from location, to 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. 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. 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. Various amenities are available depending on the apartment of your choosing and the duration of your stay, like free internet access, daily housekeeping services, breakfast, a pool, an outdoor dining facilities and other amenities.