Investment properties in Aruba: rental yields range from 5.06% to 7.32 %
January 16, 2014
|Last Updated: Jan. 16, 2014|
|ARUBA - Houses||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|200 sq. m.||375,600||n.a.||n.a.||1,878||n.a.|
|550 sq. m.||942,700||n.a.||n.a.||1,714||n.a.|
Bakval, Noord/Tanki Leendert, Malmok, Oranjestad, Eagle, Palm Beach, Ponton
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
The average price per square metre of houses in Aruba has dropped from US$1,676 last year to US$1,582 this year. Currently, the cost of a 150 square metre house located in the upscale neighborhoods of Aruba such as Bakval, is about US$226,000, whereas last year, it was about US$290,000.
Rental yields remain moderate to good, although slightly lower at 6.19% now, compared to an average of 6.67% last year.
Three-bedroom houses showed the highest rental return at 7.32%. Houses with more than four bedrooms earn a moderate 5.06% rental return.