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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. 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. South Americans from Brazil and Venezuela are having a growing interest too of the real estate in the place.
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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. 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. 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. 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. Many properties are available throughout the year, but it is in December when time is busiest to the point where properties are rented way ahead 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. 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.