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What are the extra costs involved with real estate purchase in Aruba?

April 26, 2017aruba costs extra involved purchase Real Estate

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What are the extra costs involved with real estate purchase in Aruba?

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The transfer costs of real estate are charged by the Civil Law Notary that handles the transaction. The total charges depends on the purchase sum and varies currently between 4 to 7.5 percent of the transaction sum; this includes the governmental transfer tax which is subject to the real estate value.