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Checkout 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. 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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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. 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. 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. 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. In Aruba, there are several kinds of vacation property rentals available to suit the needs of every kind of visitor or tourist. 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. Depending on the location, group size, level of comfort, square footage and amenities, these properties can be found in different price ranges. December is considered as the busiest time of the year in Aruba for rentals and many properties are rented several months in advance. 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.