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Why is real estate in Ecuador so hot in the face of the falling real
estate market in the U.S? It’s quite
simple. Prices are low. Labor is cheap. Values are
high. With fewer building restrictions, you are free to let
your creative juices flow and fully express!
Linda
and I moved to Ecuador 9 months ago. We have not bought
anything yet, as we are typically the slow type, choosing to live in a
country for a while to get to know it, explore various regions, and to
try to separate the hype from the truth.

But we are very close to moving ahead on two or three properties, one
to build a house on and the other two for investment
purposes.
We feel like the perfect
window of opportunity is here now for us, and
for others who are ready to see and take advantage of it.
The economy in Ecuador is rapidly moving forward! We are
finding that real
estate and laws in Ecuador are very favorable for
foreign investors and with the current political climate here, now is
the time to reap the benefits. International real estate
investment has seldom been more
favorable!
Not
Sure Where to Put your Hard Earned Money?
If you are anything like us, these last couple of years has been
difficult. I have felt this current market meltdown coming
for a long time. I have also been suspicious of the political
climate in North America. I don’t like what I see
happening in my home country. We are giving away our
constitutional rights in order to be
“safe.” Not a very fine trade if you ask
me. Thank goodness for the Internet so we can keep connected.
Linda and I don’t have a huge amount of money, and are
therefore very cautious about what we do with it.
But we also know there are many North Americans, you may be one of
them, who have a sizeable nest egg gained from previous investments and
are not sure where to put it in the volatile political and investment
climate existing in the U.S. today
From what we have seen here in Ecuador in the
last nine months, we
have
a sense of a coming tidal wave of people wanting to leave the US and
head for high ground, not only for financial reason, but
for political
reasons as well.
So what makes perfect sense to us is to move to a country that has low
living costs and good opportunity for investment. Real estate
in Ecuador, not just for expats, but also for Ecuadorians, is by our
observation, booming. We watched as a 33-lot gated-community
here in Cotacachi where we live just sold its last lot a week
ago. The Ecuadorians themselves are building new houses and
businesses all over the country.
We also saw an 8-unit
condominium sell out in two weeks last
spring, all of the units except one to North
Americans. Click
here to read about a condo buying experience.
It appears to us that the international real estate investment climate
in this small but incredibly diverse South American country can provide
great returns, as well as open the door to an adventurous and exciting
new life style. We love it. It’s not
totally easy, but if it were, what fun would it be?
For those of you who are the suspicious/cautious type like me, you
couldn’t find a better place to establish a retreat area,
just in case. Indigenous families locally grow most of the
food we eat. Water in most places is plentiful.
Personally, we’ve found a nice piece of land with good soil
and water where we are getting ready to create a small community of
like-minded people to grow our own food and set up an ecological sound
sustainability.
Commercial
Real Estate in Ecuador is Sizzling Too!

Flower farms are for sale in some of
the most beautiful areas
of Ecuador that generate
nearly $35,000 profit per acre!
African Oil Palm plantations for bio-fuels are also very lucrative and
occasionally one is available for sale. An North American
from Texas lives in our area and has build a sizeable business
exporting hand-woven sweaters to England, France and Canada.
A Virginia woman has a batik factory near where we live, and is making
a very nice living manufacturing fabric and clothing here and then
exporting it to the U.S. market.
Some of the lowest labor costs in the western hemisphere combined with
a favorable work culture and business environment creates a wonderful
opportunity for entrepreneurs and investors. Labor rates
start at $5 per day..
Ecuador
Prices Today are Less than Prices
In Central
America Four Years Ago
Four years ago, Linda and I traveled through
Panama, Nicaragua, and
Costa Rica. Real estate in those countries was booming and it
continues to do so. The
prices we saw then were far higher
than the prices for real estate here in Ecuador today.
For example, in Atacames, one of the most
popular beach areas in the
north of Ecuador, most beachfront projects are sold out well before the
buildings are even open at prices ranging from $65 up to $100 per sq.
ft. for a luxury model. Everything we inspected on
our recent market research tour was of
good to excellent quality.
As you get away from the popular tourist areas and larger cities, the
prices drop considerably. Here in Cotacachi, about an hour
and a half north of Quito, very well constructed, new 1,200-square-foot
condos are selling for $45,000.
Beautiful Architectural Adobe Houses
Starting at $35 per Sq. Ft.
same price
range. We fell in love with a Quito
Architectural firm named Barro Viejo, (old mud) who builds the most
amazing houses. Bare land is still
available from
$4,000 per acre and up. If gated communities ar  e moreBeautiful adobe
houses that rival anything in Santa Fe can also be
built in the
appealing, there are several such developments
available,
We’re not into super pioneering, but if you are, and enjoy
country living, land is even more reasonable. To
find these gems, however, you have to do your homework, investigate
carefully, and ideally work
with someone who knows the ropes in order
to purchase wisely and safely.
A young couple we know from Alaska recently bought several acres of
land about 7 miles from Cotacachi for around a $1,000 per
acre. Another person found 10 acres near town for $20,000,
with one of the most
incredible views I have seen anywhere in the world!
This
Emerging Market is not Without Risk
This is not to say that it is all easy and without risk.
Ecuador is a developing country. The language and culture are
likely very different from what you are accustomed to. And
the concept of time is very different here than in North America or
Europe. That’s why it’s
important to ask
for assistance from experienced people, and maintain your sense of
humor as you learn the ropes of living
abroad.
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Ecuador Properties
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a real life condo buying experience.
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