How-to-Buy Property Guide Aruba

Buying a first property isn’t easy. Luckily there are many professionals around to help you out. Usually a search comes in hand with understanding the local regulations and taxes applicable on Aruba. Also questions around possibilities to retire on Aruba may rise or the possibilities to invest in Aruba Real Estate for commercial purposes.

This article will teach you about all those things. Please note that all information provided is subject to change and no rights can be obtained from this article. By filling our contactform we can send send you the latest updates if applicable. Anyhow, we do our best keep information about the Aruba Real Estate Market up-to-date all the time.

Cash is king

Most buyers that come to Aruba bring cash, local banks won’t finance anything without a down-payment of at least 40%. Funds brought to Aruba have to pass Aruba’s central bank so your source of wealth should be somehow backed. Some good deals that appear on the market are better bought in full cash as  some seller won’t accept any offers that are subject to finance. Getting a financing on Aruba may take over month and all sellers are willing to take the risk it won’t pass. Interest rates are fairly high on Aruba so bring whatever you can bring in cash. On the other hand prices on Aruba Real Estate are actually still fair and acceptable. 

Aruba is not getting any bigger 

Renting is extremely expensive on Aruba. Being a prime luxury Holiday destination for mostly US tourism prices to rent are high. Buying on the other hand is actually still relatively cheap. That’s why it pays of to buy on Aruba, either for you to enjoy or generate another passive income by renting out your property on AirBnB. In many cases people combine the two. After a minimal investment they get to earn back their investments and have some free fun times on Aruba. There are many reliable property managers who can do the hard work for while you’re away. 

Now or never

The hotel market saturated on Aruba, not a lot, or no permits are given to built new hotels. Reason for investors to start building apartments which is pushing the demand for construction land and push real estate prices. Land and houses are still available for fair prices, but for how long? 

Why Aruba?

The quick answer is here; It just make common sense to buy a property on Aruba cause it’s always sunny, the beaches are the best and the people most friendly. Aruba’s regulations are good securing your investments. Aruba is outside the hurricane belt making it a save place. Because Aruba’s tourism industry Aruba is built to make you feel comfortable, all the thing you want you can buy on Aruba. Another factor is that Aruba’s crime rate is the lowest on the Caribbean. Walking the streets feeling save is priceless. Because new comers to Aruba always bring cash Aruba remains to have an exclusive character. 

Everybody can buy on aruba

All non-residents can buy land or a house on Aruba going though the same process as the Aruban residents. Non – Residents can buy a home on property land as well as on lease land. 

What are the closing costs to buy a house on Aruba?

When you are considering buying a house on Aruba it’s good to know there are additional cost besides the selling price. Those additional cost, the closing costs are approximately 5 to 8 percent depending on the selling price. The cost are a one-time cost and calculated as followed; Transfer-tax 3 to 6 percent depending on the selling price. Notary fees, transfer deed, and notary fees mortgage deed are separate and estimated at  2 percent.