Picturesque Savaneta, real estate gold
According to some international reports, Aruba’s has one of the most reasonable real estate price square meters in the Caribbean, second only to the Dominican Republic. Despite recent price hikes, there are still a lot of hot real estate deals to be found. The hottest areas are always beach front properties and surrounding areas. In Aruba these areas are Malmok, Bakval and Westpunt.
Aruba is a small island, consequently the amount of beachfront real estate is scarce and limited. For the smallest properties on the beaches some people are willing to fork over thousands, sometimes, millions of dollars. But you can be much smarter than that. There are still some areas near the beaches where there are a lot of real estate opportunities. Those areas in particular are Savaneta, Pos Chikito and San Nicolas.
There are several reasons why above mentioned areas are going to remain attractive for real estate investors for the foreseeable future. Aruba’s focus on tourism economy isn’t going to change any time soon, which means that the touristy western part of the island is going to maintain its focus, thus higher property prices. If you are really serious on finding a property in Aruba against sharp prices, look into above mentioned places.