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Invest in Aruba
Invest in Aruba
Are you thinking about making a safe and profitable investment in the Caribbean? If so, Aruba is one of the most attractive places to invest because of its secure and ever-growing business environment. Despite tourism being the island’s main economic driver, infrastructure spending and real estate development are booming. In addition, Aruba has strong political and financial stability, which is why a lot of foreign investment is being made on the island (and not only in real estate).
Living in Aruba is also a growth opportunity for entrepreneurs that bet on local businesses, such as tourist attractions, restaurants, and stores.
Types of Investment in Aruba
Aruba offers several investment opportunities for business people and entrepreneurs. All of it depends on your investment goals and budget. These are some of the types of investments on The One Happy Island:
Real Estate: Aruba’s most developed sector is real estate, which offers the most growth opportunities. The island is one of the safest places in the Caribbean to invest in property, even if you are a foreigner.
Tourism: The tourism sector is the most lucrative in Aruba since much of the island’s economy depends on it. For example, you can invest in travel agencies, tour companies, art galleries, or entertainment venues.
Franchises: Aruba is always open to economic activity boosting tourism. Thus, investing in fast food, beauty, fashion, and entertainment franchises is a smart idea.
Shares in Companies: If you have a friend or colleague who has established a company in Aruba, you can invest in shares of that company. You can also create a company from scratch with one or several partners, one of whom should be Aruban.
Why Invest in Real Estate?
Real estate is constantly developing in Aruba. Several housing projects are available for the whole family or entrepreneurs. Whether you prefer a small house or a luxurious apartment facing the ocean, you have a wide selection to choose from. In addition, if you rent your property, you will get a return on your investment in the medium or long term.
Invest in Property
Investing in Aruba will allow you to have a second home on the island or a long-term retirement home. The living conditions on the island are quite favorable, and you will always feel at home there.
In addition, you will be able to enjoy the most sought-after seasons in Aruba, including those with the greatest tourist demand, such as Carnival, without the need to book any accommodations in advance. With a second home, all you need to do is buy your flight tickets and enjoy the island.
Invest in Under-Construction Homes
If, on the other hand, you prefer to invest in an under-construction home in Aruba, you have the opportunity to do so according to your investment goals and budget. This way, your investment will be lower, and the value of the unit will be revalued when it is delivered to you. The under-construction stage also allows homebuyers to modify floor plans and specifications as they please.
At BlueAruba Realty, we have under-construction properties, such as Nanki at Rodgers Beach Aruba, that could be a perfect fit for you. This condo is located in a privileged area of the island and offer luxurious amenities, ensuring a greater return on your investment in the medium or long term. Just take a look and think about your future.
Benefits of Investing in Real Estate
Investing in Aruba real estate has several benefits, including:
- A wide selection of homes for sale on the island
- The investment is easily amortized
- You will have a second home for short periods or vacations
- You will have a retirement home
- Property values will increase exponentially
Are Investments in Aruba Safe?
Aruba is one of the safest places in the Caribbean for investors. You can take advantage of competitive prices and credit facilities. In addition, you can buy the property you want, even as a foreigner. This is because Aruba is always open to foreign investment that promotes the island’s growth.
Is Aruba Currently Experiencing
Economic and Political Stability?
Aruba has very strong stability in terms of its political, legislative, and exchange rate. The legal system on the island has laws and regulations that are largely based on and equivalent to those of the Netherlands.
Economically, Aruba has one of the highest living standards in the Caribbean and a thriving, ever-growing tourism industry.
Do Property Investments Appreciate
With Inflation?
Property prices are likely to rise with inflation. However, this does not greatly affect Aruba’s real estate market due to the island’s stable economy. Inflation remains stable, always hovering around 1% per year, and the island has one of the highest per capita GDPs in the region. This provides a safe trading environment for investors.
How are Property Prices in Aruba Compared to Other Destinations?
According to GlobalPropertyGuide, Aruba has the third lowest price per square meter in the Caribbean. So, investing in a home here will be cheaper than investing in other comparable areas.
Compared to Florida prices, Aruba is a bargain and with better weather, beaches and its beautiful Caribbean views.
At BlueAruba Realty, you can see all the prices of available properties, and surely, one of them will be just what you are looking for according to your budget.
Is There a High Demand for
Properties in Aruba?
There is constant growth in Aruba’s economy and real estate market. Currently, there are many investment options in properties and an increasing number of construction projects. If you want to check up-to-date information on real estate on the island and invest in Aruba, we recommend that you subscribe to our newsletter, where you can stay abreast of all the latest industry news.
Does the Government Offer
Residence to Foreigners Who Buy
Property in Aruba?
Foreigners on the island enjoy legal benefits like locals. A foreigner with an annual income of USD 60,000.00 who purchases a property in Aruba is eligible for residency. So, you can live in Aruba with peace of mind or choose to stay for a certain time period. Other conditions may apply that you should consult when making your investment in Aruba.
Can a Foreigner Obtain a Loan for the
Acquisition of Property in Aruba?
The locals have many financing posibilities to invest in Aruba, and if you are a foreigner, you can also enjoy these benefits. Financing your property acquisition is one such benefit. Banks generally lend up to 60% of the property’s value and mortgages are typically for 10 to 30 years, depending on the borrower’s age. There are a few requirements to request a housing loan as a foreigner in Aruba, although they may vary depending on the financial institution you choose for the loan.
As you can see, Aruba has great potential for making wise and safe investments, even as a foreigner. No matter when you decide to invest in this Caribbean paradise, you will always find a wide variety of properties, prices, and benefits to make your dream come true. Make sure you plan and review several investment options to find the right one for you.
Aruba is part of the Kingdom of the Netherlands and thus your investment is safe. And, if you are determined to buy a property right now and don’t want to think about it anymore, you should buy! We can help you at BlueAruba Realty.
