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Ecuador - A Booming Real Estate Market

Ecuador is a country where you can live restoring the old colonial center,
surrounded by unparalleled beauty, something which caused property values to
whether it be in the ancient colonial rise rapidly in Cuenca and Guayaquil upon
cities of the Sierra, the tranquil Valley completion. Yet the tremendous value
of Longevity, the exotic Amazon found in these irreplaceable antique
rainforest, Ecuador's beautiful and homes-some in the $25,000 to $50,000
natural coastline, or the mystical and range-has not yet been recognized by the
unique Galapagos Islands.But it's also a Ecuadorian investors.A two-bedroom
country where you can live on the apartment in Cuenca's colonial historic
smallest of incomes. In Ecuador you can center a block from the main square just
still find pristine beachfront lots for sold for $34,000 and a beautiful
under $12,000, antique colonial homes for one-bedroom apartment can be rented in
under $25,000 and peaceful mountain Cuenca's most luxurious
retreats for under $50,000. You'll pay neighborhood-directly on the Tomebamba
almost no taxes and enjoy one of the most River-for just $250 per month.Maid
non-intrusive and non-regulatory service costs around $120 monthly and
governments in the civilized construction workers still earn around
world.Nestled in the jagged Andes $200 per month. At the market, you'll
Mountains, it is home to a large portion find handmade fisherman sweaters for less
of the world's wildlife and bird species, than $10 and leather jackets for under
as well as a staggering array of $50. Even if these prices doubled they
different landscapes and climates. would still be cheap.Low prices alone do
There's truly something here for not make an ideal retirement or
everyone.Ecuador's real treasure, investment destination. There are plenty
however, is its people. It's one of the of places the world over where you can
few places where a foreign resident or buy cheap land and find a 50-cent cup of
visitor can blend easily into the coffee-but you wouldn't want to live
community, being welcomed into a new there. Not so in Ecuador.Here you'll
circle of friends and a new way of life enjoy a quality of life that's hard to
with relative ease. As a foreigner here beat and an experience in living that you
you'll be treated with respect and the won't get anywhere else. If you enjoy
people will be proud to get to know the outdoors, have dreamed of owning a
you.During the last 5 years, Ecuador has Spanish Colonial home in a World Heritage
gone through a number of tumultuous site, or want to spend hours strolling on
changes, including the recent ousting of an undeveloped beach, then Ecuador may be
a president in 2005. But today's Ecuador for you.As you may know, Ecuador survived
has emerged as a country which remains a the Latin American financial meltdown of
haven for those wanting to retire or 2002, in part because of a stability
invest and gives every sign of retaining factor that came from adopting the US
a stable government. The landscape of dollar as the official currency. The
the market has changed, but there are formerly high inflation rate came in at
plenty of areas where significant 3.9% in 2004, same in 2005 and it's on
property bargains can be found and a track to be about the same in 2006.
comfortable lifestyle can be enjoyed on There are no foreign-exchange controls
just a fraction of what you'd spend in and no restrictions on foreign-owned
much of the world.Today, you can buy a businesses. You can repatriate 100
two-bedroom condominium in Quito's percent of your profits.The other hot
historic center, close to good shopping, area at this writing is the village of
gourmet restaurants and hotels, for under Vilcabamba in Ecuador's southern Sierra.
$55,000 and a one-bedroom for just over Enjoying near-perfect year 'round weather
$25,000. Quito's antique Spanish and dramatic mountain scenery, it is
colonial homes in need of restorations called Ecuador's Valley of Longevity.
start at around $30,000. While there are Here a two-story traditional Ecuadorian
good buys all over the country, the best house with five bedrooms on 2.5 acres
buy right now in the property market is with lots of fruit trees and a fresh
unquestionably the purchase of old water source that provides fresh water
Spanish colonials in Quito's historic year-round, sold this year (2006) for
center. The city is in the process of $60,000.




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