Advice on buying property and living in Aruba
Aruba is a small island in the Caribbean that is known for its beautiful beaches, warm weather, and friendly people. The official languages are Papiamento, Dutch, and English, so it is relatively easy for English speakers to communicate.
Below are some useful links related to information about buying a property in Aruba relocating to Aruba and living here.
Before moving to Aruba, it’s a good idea to visit the island as a tourist first, and explore different neighborhoods to get a sense of which area best suits your needs. This can help you to narrow down your search for housing and get a better idea of the cost of living. You should also take into account the taxes and regulations of the country and also the cost for goods and services.
When purchasing real estate in Aruba, certain closing costs are involved and are normally a certain percentage of the purchase price. The exact percentage usually depends on the price of the property with higher value properties having a lower percentage. The cost of homeowners insurance is also relatively low, and it’s required by law when purchasing a property. The mortgage system in Aruba is similar to the one in the United States, the Netherlands and other countries. Most buyers need to have a down payment of a certain percentage (varies from bank to bank and also depending on the situation) and will have to pay closing costs.