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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. 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. 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. Aruba is considered as paradise on earth, making the real estate market in the place booming. When purchasing, owning or exploiting real estate in Aruba, you have to consider the real estate tax of the place. 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. In order to help you understand and go through the process of the requirements in obtaining real estate in Aruba, there are several Aruban realtors who are available at your service. To suit every type of traveller, there are several varieties of vacation property rentals available in Aruba. Aruba offers all real estate for rentals, from a cosy studio apartment, to a private beach villa, a luxurious condo, or a fully furnished timeshare unit. 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. The homey ambiance, size and convenience of vacation apartment rentals make these units a preference of many travellers and tourists in Aruba as compared to resorts or hotels. 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.