Americans Selling Second Homes in Aruba … Morgage Crisis in US Hits Aruba

The mortgage and financial credit problems in the United Sates have seem to had an effect on real estate in Aruba. Americans are selling their second homes in Aruba. I guess the saying is true, ever cloud does have a silver lining.

ORANJESTAD – Amongst Americans it’s almost impossible to find buyers for a house on Aruba due to the financial credit crisis in their country. Those who already have a house on Aruba, more often want to get rid of it. Several well-known real estate agents have noticed this since the real estate bubble burst mid last year in the US. (Amigoe: 7/24/2008)