| Real Estate
In Ecuador |
| Beachfront
And Mountains |
| By Jorge Loor Zambrano |
| In the past
4 year I have been dealing with foreigners from all over the world that
have been purchasing land and buying businesses in the coastal area of
Ecuador, this experience has been very rewarding for me in all aspects:
cultural, intellectual and financial , but here comes the best part, it
has been rewarding for foreigners, too.
In other words,
it has worked out both ways, everybody wins!! And that is what I have
learned and experienced. Of course
4 years ago was the best time
to purchase, since Ecuador was going thru
the worst of financial
times As many people found their savings frozen in banks and then desperate
for money. |
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| During this
time of crisis, I remember how some people from a real estate tour of International
Living made a number of good investments with a good returns
When I need
to give a fast description to anyone about Ecuador I always compare it
with the TV series, Fantasy Island, "where your dreams may come true",
and yes here in Ecuador you can buy and get what in other places of the
world would be only possible for millionaires or billionaires. I will write
down some numbers that will give you a better idea of what can be found
in Ecuador's real estate market.
For example,
a recent pruchase of 2000 acres - this land had it all, mountian, river,
shrimp farm pool, cattlling area, beach front, a house - all for $600,000
and with a annual tax of $500. You can have a servant (maid) for $200
a month as well a chofer for the same salary or a little bit more.
In remote beach areas you will still find beachfront for $15,000 to $20,000
dollar.
Many of my
clients that visit Ecuador mention to me that this country reminds them
of U.S.A 50 years ago. |
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| Some people
have purchased property only as investment thru the internet just looking
at pictures, others have visited first to see how comfortable they feel
in the country before they make their final move.
For those who
are ready to invest in Ecuador and want to start a different lifestyle
that will be impossible to have in countries of first world.
I do recommend,
a local Ecuadorian contact that can assist them with everything until they
become familiar with the culture and customs.
I can pretty
much say that whoever has a retirement pensions of $ 1,000 monthly that
this amount of money will be enough to retire with excellent care
and lifestyle. |
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Offshore Resources Gallery
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| It is not
necessary to talk with a real estate agency to buy property in Ecuador,
one of the best ways to buy property is "Hunting for Land", For
example:
if we are out on the road and like a property we will
look out for the owner and take the negotiations from there.
Also Ads in
the newspaper work great since you will always find people that are financially
in trouble and need quick cash and sell nice things at inexpensive price.
You can still
find beachfront property for $40,000 or even less than that.
I also recommend
to people that if they want to buy a house, that it is always better to
build. For example, a house of 1,550 sq.ft. will cost $60,000, if
you build it your self.
And why not
mention about those Men that are looking for good wife (Ecuadorian women
are similar to geishas...they take very good care of their husbands)...
This is a great
place to find dedicated women. |
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Article
Index ~ Ecuador
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