Real estate prices in Aruba are not cheap, but perhaps not as expensive as you would imagine for the Caribbean.Non-residents can buy property in Aruba. Even if you only stay here for 180 days of the year, you have the same buying rights as residents.In Aruba your house can sit on property land or on lease land. Property land is where you own the land and lease land is owned by the government and the lease is for 60 years. You pay a yearly fee for these lease rights and after the 60 years, the lease period will be automatically extended for another 60 years. At that point, there may be an increase in the yearly fee.
The fishing town of Savaneta, and the former capital, is a popular location on Aruba for expats. Located in the southwest of the island and is away from all the hustle and bustle of the more touristy Oranjestad. Another popular area is Noord, the island’s most populated town. It’s located north east of the capital.
Property Samples in Aruba
- A two-bedroom, one-bathroom house in Savaneta. With 1,188 square feet of living space, it also has a kitchen/dining room, a living room, a fenced garden, and covered parking. Price: $155,000.
- A two-bedroom house in Noord. Built in 2004, the house is in a development near the golf course and the beach. Price: $185,000.
- A four-bedroom, three-bathroom house in Oranjestad. Located in a nice neighborhood, it is strategically located near supermarkets, a gas station and the road to Noord. The house also has a European kitchen, living and a dining area, a maid's quarters and a storage room. The master bedroom has a walk-in closet. There’s a covered patio, laundry room and a car garage. Price: $250,000.
*Prices as of 2013