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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. 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. The economy in Aruba has slowly gaining grounds since the economic crisis in 2009 and property market is now recovering in the middle of their economic growth in 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. 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. 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. 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. You can connect with several Aruban realtors who can help and assist you in going through and understanding the requirements, rules and regulations regarding property ownership in the place. In Aruba, there are several kinds of vacation property rentals available to suit the needs of every kind of visitor or tourist. 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. These mentioned properties are available in all price ranges based on location, 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. Vacation properties in Aruba are ideal for both long and short term stays thus many visitors would select a condo or apartment as their ideal vacation property. These travellers or visitors in Aruba prefer these vacation apartment rentals over a resort or hotel because of the convenience, size and the homey 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.