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Valley of Longevity Ecuador
By Andre Grossenbacher
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..March
2006
Greetings
from the beautiful Valley of Longevity in Ecuador and an update on the
real estate scene in and around the area.
Vilcabamba and the nearby villages
continue to cast their spell on savvy world travellers who recognise a
unique location with unusual benefits when they see one. The highly
touted health benefits derived from the energy fields of intersecting ley
lines seem to bear out the legends. In talking with many newly relocated
gringos I hear stories of increased vigor and decreased aches and pains.
It’s amazing how many people I hear from who have vague plans to move here
upon their retirement. But, like everywhere else in the world where
the countryside is beautiful and the living is easy, progress is inexorable.
So my advice is “Don´t wait much longer or you will miss the boat”.
Vilcabamba has sprung into the modern
age with long awaited cellular service, internet (in most areas) and several
new and excellent restaurants and small businesses. This, of course,
means property values are rising though still a bargain by US standards.
No longer is it possible to buy country property for a few thousand dollars
a hectare and properties within the town have risen accordingly.
But let me back up a little with the welcome news that beautiful and valuable
properties are still available and are expected to continue to rise in
value making for an excellent investment.
The days of $35,000 homes however
are long gone and, to be perfectly blunt, most of the homes in this price
range that you may have read about, would not be considered houses in the
western sense. In order to inform (and certainly not discourage)
let me give you an honest and realistic picture of real estate in the less
populated areas of Ecuador.
So many of us look at a stunning
piece of property, fall in love with it and set in motion the process of
purchase without fully understanding the challenges of living or building
in a less developed country than that to which we have been accustomed.
There are few paved roads outside of the towns and often only donkey trails
to many areas. Picturesque yes, but not so charming in the rainy
season or when the novelty of hauling everything (including groceries)
on the backs of a 4 legged animal has passed.
Most country dwellings consist of
2 to 3 rooms usually with dirt floors. Again somewhat charming but
with the potential to leave you with a lifetime of problems in the rainy
season unless everything is well sealed and protected by a sufficiently
overhanging roof. There would be no hot water (if any running water
at all), no indoor bathroom and often no electricity. To upgrade
these homes to even basic western standards can be relatively expensive
and their structure many be insufficiently sophisticated to be able to
withstand additional weight or change. Even the most adaptable Westerners
prefer comfortable toilet and bathing facilities and I know I am a bear
all day if my morning shower is ice cold. So what I am saying is
that one must be realistic in figuring the actual cost of a liveable home.
Occasionally a home with all the basic ¨luxuries¨ does come on
the market and if the price is fair I always recommend these as a first
choice for those wishing to move here with a minimum of unexpected and
unbudgeted expense.
The alternative is to buy a nice
piece of property and build your own home. Normally it is considerably
cheaper than trying to remodel something that may not be architecturally
sound (but keep that original 2 roomer while your home is being built).
You will need a secure bodega (storeroom) for your tools and supplies during
construction anyway. Of course you will also need a caretaker to
live on the property and safeguard your equipment while construction is
in progress and, generally speaking, even after you have moved into your
new home. You will appear to be very wealthy to the poor country
dwellers here and things have a tendency to disappear from your property
overnight if you don´t take sensible precautions especially if you
are leaving the area for a few days.
Many folks however, are not planning
to actually move here full time, but plan a 2 or 3 month stay each year
and would prefer to take advantage of the eternally spring like temps here
and avoid the miserable cold of winter back home. For them a nice
place in or very near to, a local town is a much better choice and much
easier to find someone to keep an eye on their property while they are
gone. (It’s not easy to find a reliable caretaker to live out in the country
in rather isolated circumstances.)
It is possible to spend 3 months
a year here on a visitor’s visa without any special visa or legal expenses.
Forget the much advertised $1,400 investors visa. It is now very
much a thing of the past and to qualify for an investor’s visa you must
now be prepared to put up $25,000. There are other attractive visas
available for retirees and other classifications and I would be happy to
recommend excellent, honest and reliable lawyers in Cuenca who specialize
in immigration and customs issues. They also have an English speaking
attorney on their team so instructions and information are always crystal
clear to the non Spanish speakers. They can take care of all the
legalities including title insurance for your purchase so are an invaluable
asset should you decide to actually move here to live.
I also recommend that prospective
property purchasers look around the general area and not be fixated on
Vilcabamba property. There are stunningly beautiful valleys and mountains
all over the Loja province. Pueblos like Malacatos, Taxiche and Landangui
are so close to Vilcabamba they share the same health promoting energies
but are, generally speaking, spared the hordes of backpackers and noisy
revellers that can make peaceful living difficult at times. Sometimes
too, the prices can be a little cheaper.
Bearing in mind all the above and
making sensible decisions, I still believe this valley to be one of Natures´
most beautiful and healthy places to live. I am always glad to help
you in your search for the perfect spot however, it is impossible to tell
you what is available for sale today and expect it to still be on the market
if you are planning your trip weeks in the future. As anywhere else
in the world ¨hot properties¨ tend to sell very quickly.
Occasionally I hear of something coming up for sale on a certain date and
can alert you but be prepared to hop on a plane and hightail it out here
or arrange for a lawyer here in Ecuador to have power of attorney to act
on your behalf.
-Article coninued below with more
photos - |
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Article continued
from Above
At this time I have exclusives on
2 of the best properties in the area that will come on the market in February.
One, a large western style home is in the heart of Vilcabamba (only 2 blocks
from the little park and church in the centre of the pueblo). It
is a 6 bedroom, 3 bath home currently rented as 2 separate apartments (one
on each floor) with separate entrances. There are separate kitchens
and dining rooms in each apartment, also hot showers and Western style
kitchens. A charming, courtyard complete with beehive bread oven
makes a wonderful entertainment setting and, with all this including a
secure carport behind security walls, the property is a natural for a time
share operation, bed and breakfast business or a luxurious private residence.
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As rental income property you can
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always someone on the premises to guard your investment.
Due to family illness the price on
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sale.
The second is, I believe, the best
buy in the area and one of the most spectacular mountain top properties
I have ever seen. Combined with an unbelievably low price this property
is such a one of a kind opportunity. It will, in my opinion sell
(like the Vilcabamba house) in a matter of days after it hits the market.
5.13 gorgeous hectares of mountainside, plenty of water (of paramount importance
in this part of the country) views of the town and surrounding countryside.
All combine to make this a once in a lifetime opportunity. Priced
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Both properties are being reluctantly
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not normally even be offered to the public.
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