FAQ
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Aruba real estate made simple.
๐กBuying Property in Aruba
Signed Sale and Purchase Agreement, notary and source of funds forms, and passport copies. If someone signs on your behalf, a notarized power of attorney is required and the notary verifies all identities.
๐ฐClosing Costs & Taxes
Yes. BBO is a 1.5% tax applied at closing, typically paid by the buyer as part of closing costs.
๐ฆBanking & Mortgages
Yes, several local banks offer mortgages to non-residents, typically requiring a larger down payment than for residents.
๐Investment Facts
Short-term rental properties in popular areas can see gross rental yields in the range of 6-10% annually, depending on location and management.
๐ Utilities & Monthly Costs
Electricity, water and internet for an average home typically range from $150 to $400 per month depending on AC usage and property size.
๐กInsurance & Legal Protection
Yes, homeowners' insurance covering hurricane, fire and liability is strongly recommended and often required by mortgage lenders.
โResidency & Living in Aruba
Property ownership alone does not automatically grant residency. A separate residency permit application is required through the Aruban government.
๐Beaches & Property Rights
Yes, all beaches in Aruba are public by law, even when adjacent to private resorts or residences.
๐ฆ๐ผLife in Aruba
Papiamento and Dutch are the official languages, but English and Spanish are widely spoken, especially in business and real estate.
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