Property for sale in Aruba
Aruba is a small Dutch Caribbean island off the coast of Venezuela. It has a dry and sunny climate, golden beaches and a calm sea. European influence is evident in architecture, but also in language: English, Dutch and Spanish coexist with the local language, papiamento.
Its capital is Oranjestad.
Aruba is one of the few Caribbean islands considered outside the hurricane range.
If you are interested in buying property for sale in Aruba you should know that the real estate market has a very positive trend especially in Bonaire and Curaçao.
The problems encountered by investors interested in the properties for sale in Aruba have been different, first of all a recession in neighboring Venezuela; a loss in value in the Canadian dollar; and the recent presidential elections in the United States, which prompted potential buyers to hesitate.
At this time Aruba is a more favorable market for buyers than for sellers.
Investors typically look for properties for sale in the richest areas, such as Malmok and Tierra del Sol, the best-selling properties are those with ocean views.
The northern end of the island is the most popular among buyers of foreign homes, including Malmok, Noord, Palm Beach and Eagle Beach, where some new condominium projects are underway.
The North Americans are the largest group of foreign house buyers in Aruba, followed by Venezuelan investors.