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Real Estate Market in Aruba is Improving 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. 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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In Aruba, it is in Bakval, located south of Malmok, that is considered to have the most expensive housing. The largest group of homebuyers in Bakval are North Americans, especially from the United States, with residential properties ranging from US$800,000 to US$1.3 million. South Americans from Brazil and Venezuela are having a growing interest too of the real estate in the place.
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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. Note that there are some tax matters that you have to bear in mind when thinking of purchasing, owning, or exploiting real estate in Aruba. Buying a house and living in Aruba, just like in other places, would need paperwork and this you must understand about its requirements. 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. Vacation propert rentals are available in Aruba that would suit every type of tourist or traveller. 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. Depending on the location, group size, level of comfort, square footage and amenities, these properties can be found in different price ranges. 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. 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.