Aruba is an island that is located in the Caribbean Sea, north of Venezuela. It is a location that is frequented by tourists from around the world visit, due to its warm, sunny climate. It is situated outside of hurricane belts, and therefore, the weather is consistently beautiful. It is a densely populated island, with roughly 103,000 people residing here. In addition to its widely loved climate, Aruba also possesses a rich and vibrant culture.
As a result, the demand for Aruba real estate has increased significantly. Some people choose to purchase Aruba real estate for themselves, so that they can reside or regularly vacation on this exotic island. However, many people choose to buy real estate, including homes, apartments, and townhouses, which they subsequently rent to tourists.
When an individual reviews available Aruba real estate, he/she will notice a variety of different types of properties available. Town home communities are very popular in Aruba, as are villas. An individual who chooses to rent a villa in Aruba for a week during the summer can expect to pay around $5,000. Therefore, many real estate investors consider purchasing Aruba real estate to be a wise, long term investment.
The majority of homes for sale in Aruba range from about $200,000 – $350,000 USD. However, the cost of a home in Aruba is dependent upon its size, condition, and location. Beach front property will cost significantly more than inland property. For example, a three bedroom home located a few blocks away from the beach may cost about $330,000 USD, while a five bedroom luxury home, with a view of the ocean, can cost close to $1,000,000 USD.