Real Estate Available

I read an interesting article recently in a local publication regarding the current state of Aruba real estate. Well, ‘current state’ is a big word. It was more like the opinion of a few real estate agencies regarding the latest development about the clientele. The predominant opinion at the reviewed agencies is that there seem to be less Americans walking through the doors looking for real estate. Nothing new there.

Obviously above opinion is a logical one as many in the US are careful buying real estate these days, more so when looking for foreign real estate. Some real estate agencies noted a slight increase in European and Canadian purchases, indicating a minor shift in its customer base. Another market that is seeing sell-off is timeshare properties. Owners are putting their weeks up for re-sale according to some reports.

In general real estate prices in Aruba are relatively steady, however this reported influx of properties on the market might put prices under pressure or worse, lowered. To property owners I would suggest putting the property on the market starting next year in order to protect its value. If you are looking to buy property in Aruba on the other hand, now is your chance.