Ecuador real estate

A few weeks back Transitions Abroad posted this article of mine: Real Estate in Latin America.

In my humble opinion this is the best region to put your money into if you’re going to buy a house, condo, or piece of land anytime soon, especially if you’re old enough (and have enough verifiable income) to take advantage of the incentives some countries throw at you. In some cases you only have to be 45 and be able to prove you can earn $1,000 a month from outside their country—pretty easy if you’re a freelancer, a business owner, or a pensioner. And apart from a few bubble zones (Los Cabos, Puerto Vallarta, northern Pacific Costa Rica for a start), the prices are really attractive.

I just came back from Ecuador, where the prices on some of the real estate ads were almost laughable. Like a 90-acre farm outside Cuenca with a 3-bedroom house and a caretaker’s cottage for $90,000. Another was 128 acres with a fruit orchard and a spring-fed stream for $68,000. For another $32K you could build a nice house with a great view. I saw 2-bedroom condos advertised in nice parts of Quito for under $60,000—one was on the 18th floor with a panoramic view from the balcony. These weren’t isolated cases either. See that photo at the top from Cuenca? Renovated lofts in that building start at $45,000.

Anyway, check out the article for details on where the best deals are and why it makes sense. There are resources at the end to follow up on specifics.