Aruba vacation rental controls should be strengthened to protect housing and national assets, PPA parliamentary leader Eduard Pieters said in an October 19 report by 24ora.
Pieters links proposal to housing costs
Pieters expressed concern about the growth of tourist rentals and the effects he believes it could have on property prices and the economy. He called for firm rules to prevent homes and buildings from increasingly being acquired by foreign investors for commercial use.
Nos Aruba 2050 cited as framework
According to the report, Pieters presented the position as part of Nos Aruba 2050, a plan aimed at protecting national assets and controlling the development of tourist rentals.
The account reports the lawmaker’s policy call and his stated concerns. It does not announce approval of a new PPA rental law or establish that any new restriction has taken effect.
Source: 24ora original report.
