EFAM | Escape From America Magazine

Real Estate in Ecuador: Low Cost Beachfront Property

Ecuador Beach

Ecuador Beach

Beachfront property in Ecuador can still be bought for less than $40,000.  But at the risk of this sounding like a sales pitch, it is in limited supply.

Ecuador is an amazing, peaceful place with beautiful beaches, warm weather and really inexpensive beachfront bargains. With each passing year as global warming sets in, the hurricanes seem to be getting stronger.  They are turning into destructive forces beyond human containment.  This is why you should consider buying property out of hurricane paths.


Unlike the Dominican Republic, Puerto Rico, Mexico and Costa Rica,   Ecuador is completely out of hurricane paths.  Ecuador faces the Pacific Ocean sheltered from the hurricanes that hit Central America and the Caribbean.

Bargain basement prices and increased exposure will light the fuse and turn Ecuador in to the next hotspot on the world´s beachfront real estate scene. But if you don’t know what you are doing, you could easily get duped.

So, if Ecuador is such a great place why are the prices so low?

Ecuadorians don’t value beach houses the same way that Americans and Europeans do.  They like to go to the beach twice a year during school breaks, stay in nice hotels, party and then go home to their big cities.

It’s a fact the locals don’t have the money to push prices upward fast.  On top of this, the lack of credit available for housing purchases in Ecuador is another reason why the real estate prices have not jumped in recent years.  Financing your home with an Ecuadorian mortgage is possible, even for foreigners, but very expensive.  With prices so low, most expats prefer to buy in cash.

The real price-pushers (we Americans) have focused on beachfront areas closer to home.  But Ecuador is elusively close, only a few hours by air from Miami. Other places on the coast still lack basic infrastructure, especially for retired expats.  For example, golf courses are almost non-existent.

Currently, the coast is dotted with Europeans who have bought in, with relatively few Americans.  Some feel the lack of Americans has actually deterred other Americans from buying in.  Generally speaking, Americans like to go where there is already a solid expat community whereas Europeans are actually drawn to places where there are few other Europeans.

Real estate prices in Ecuador have risen slowly since 2000.  It’s hard to tell exactly because there is no Multiple Listing Service, but some local real estate experts predict rises of 15% a year while others say prices have stayed about the same!  It depends who you ask, expatriate or local.  From my experience mainly working with local experts, prices have stayed about the same in recent years except for a few select areas.

No major leaps have been seen, as was seen in the US in 2003-2005.  This almost dormant market may be attributed to the relative instability of the local economy.  In 2000, the Ecuadorian currency plummeted in value, banks closed, people lost their savings, and the government switched to the American dollar as their currency.  But the opportunity for rapid growth is there due to the limited supply.  The Ecuadorian coast is not that big and large sections of it are uninhabitable due to national parks or swamps.

Ecuador Tourist Beach

Ecuador Tourist Beach

The Southern Coast

This is where the action is, or where it could be shortly.  The biggest winners in an investment are always the first ones in.  We know one thing for sure looking at Costa Rica. Beach front property doesn’t go down in value.

By southern coast I am referring to the area of Ecuador from around the city of Manta down to the city of Guayaquil.  The locals call this area “La Ruta del Sol,” while foreigners call it “a good investment.” The prices have slumped on the southern coast after what happened locally in November and December of 2007.

Basically, Ecuador is divided into provinces like the United States is divided by states.  Up until December of last year, the southern coast was in the same province as the country’s largest city, Guayaquil.  There was a referendum and a vote, and the locals opted out of the province, creating their own separate province called Santa Elena.

This doesn’t seem like much, but it’s a huge blow (in the short term) to the coastal real estate values and businesses.  Anyone familiar with the area knows that the region lives on tourism, and 80% of the habitual tourists come from Guayaquil.  When the people on the coast broke away, they created a huge resentment in the people of Guayaquil, causing the “Guayaquileños” to start thinking about alternative destinations in Ecuador for travel and buying real estate.

The move by the coastal people was extremely short-sighted in that not only did they overlook where they get their main revenue stream, but also where they get most of their public funding from.  Most of the tax dollars that are spent on the coast came from Guayaquil.

Now reverting back to the effect on real estate, a large percentage of people who own property on the southern coast are from Guayaquil.  With no people from Guayaquil buying and some getting out, it makes now an excellent time to buy.

But why Ecuador?

The falling dollar is another big concern for Americans abroad. Luckily, in Ecuador they use the American dollar as their official currency, so we don’t have to deal with exchange rates and currency risk.  As the dollar falls, in Ecuador you won’t feel the pinch. In addition, Ecuador has amazing growth potential, especially on the coast.  As the prices of Costa Rica, Panama and Nicaragua soar, people will start to look elsewhere for their dream beach house.

Ecuador Rugs

Ecuador Rugs

Where is the natural next place to look?
South America.

But let’s take a quick look at the other beachfront options available in South America.
As soon as I crossed the Ecuadorian-Peruvian border, I could sense the misery in the air.  The Peruvian coast from top to bottom is one big, undeveloped desert with trash blowing in the wind.  Simple things like running water can be hard to come by.  There are also major title issues that make it risky to buy in Peru.

Chile is beautiful, but not tropical.  The prices are high, around US levels as well.  Argentina is not tropical either and is really far from home, as is Uruguay.
Brazil is gorgeous, but is expensive now with the falling dollar.
Colombia is a wonderful place to visit, but with rebels still in the countryside, why would you buy there?  Especially, when you can rent so cheaply.
Your other South American beach front option is Venezuela, where Hugo Chavez is currently giving unoccupied property to homeless people, all the while promoting an anti-American rhetoric amongst his people.

Thus, leaving Ecuador as the first place you should consider in South America when looking for beachfront property.  Ecuador is what Costa Rica was in the early 90′s…a little rough around the edges, but off the beaten track and beautiful.

Unlike Thailand and other Asian countries, in Ecuador you can easily own property in your own name and have all the rights that a local has.  Foreign investment is not only welcome, it is encouraged.

The people of Ecuador love foreigners, and everyone who comes feels welcome.  Of course there are some bad apples like everywhere, but it is common to be invited to someone’s dinner table soon after meeting them.

Ecuadorian Spanish is some of the clearest, slowest spoken arguably in all of South America, making Ecuador a great place to learn Spanish as a second language.  And English is becoming more widely spoken with each passing year. The weather is about the same all year around.  On the beach, there is always a nice breeze off the ocean and the weather is pleasant, in the 80s, similar to Hawaii. On some parts of the coast the Ocean is as still as a lake, while in other parts the waves are big enough for some radical surfing.  Whale watching is another popular activity during September and October.

On top of everything, Ecuador is still only a three and a half to four hour flight from Miami.  By air it is only about one hour from Panama.

Political Climate

Ecuador is a place of many faces.  To a tourist, the place looks laid back and peaceful, but if you pick up the newspaper there is always something interesting going on.  Just last year in 2007 Ecuador created a new “congress” because the people thought the existing one was too corrupt.  In 2005 there was a coup that overthrew the president.  Every few years the governments and constitution seem to change.

But all of this happens with relatively little affect on daily life, property rights or the real estate market.  Especially as a tourist, you won’t even realize anything is going on.
The current president is a lively fellow, who supposedly sides with Chavez, but Ecuador is way too Americanized and capitalist to become anything close to another Venezuela.  The president’s political views are enough to keep some people away, but they shouldn’t do.

Park Boulevard Guayaquil

Park Boulevard Guayaquil

Frequently Asked Questions

Can foreigners legally buy and own property in Ecuador?

Yes, it is legal for foreigners to own property in their own name in Ecuador.  You can enter Ecuador on a tourist visa, and even purchase a home with that same visa.

Do I need to apply for a visa before I get to Ecuador?

No, you do not need to solicit a tourist visa before you get to Ecuador.  Upon arrival, you just show your passport and they stamp it, granting you from 60-90 days to stay in Ecuador as a tourist (the duration depends on the mood the official is in.)

After purchase, how do I get a resident visa?

The process is very simple.  Upon purchasing a home or land worth at least $25,000, you will be considered an investor in the country and after completing the necessary paperwork with a local attorney, you will be granted a “resident visa.”

The exact requirements for a resident visa constantly vary, but not much more is needed than your passport, a medical exam and proof of purchase.  Of course this process should be completed with a local attorney.   In addition to your resident visa, other visas are available to you.  A work visa can be had easily for around $150 and a local sponsor.

A student visa can be had with the enrollment paperwork provided to you by a University or language school.  A “working transient” visa can be had with a local sponsor and acts like a work visa, but with fewer requirements. (I have used this visa. It is very easy to get.)
Lastly, something you won’t read about in your guidebook, but which often happens, is overstaying  your tourist visa.  Ecuador is not very strict on it, and many foreigners do it.  All you have to do is pay a fine upon exit of the country around $200.  All other options should be considered before this one, however.  It is always best and safest to stay legal.
You can find local lawyers easily upon arrival or online on the www.paginasamarillas.com website.

How are the conditions of the roads?

On the southern coast from Salinas up to Olon there is a new, freshly paved road very pleasant for travel.  The roads on the southern coast (south of Manta) are great.  The roads on the northern coast from Manta northward are a work in progress.  They are useable but not comfortable.  Some areas are better than others, but new roads are currently being paved around the particularly problematic areas around Bahia de Caraguez.

How are Americans received?

In short, Americans are received very well.  Many Ecuadorians have close family members in the US working, and thus feel a close tie to the US.  People have mixed feelings about the American government and president, but towards the people nothing but respect and acceptance.

Are there any prevalent tropical diseases?

No.  There are no diseases that can’t be found in the US as well.  No special shots or vaccinations are needed before coming to Ecuador.  However, in the far eastern part of Ecuador the Amazon jungle begins.  Before entering any jungle (including the one in Eastern Ecuador) you want to be sure you have your yellow fever vaccination and pills to protect you from Malaria.  However, on the coast you won’t need to take any special precautions.

What leisure activities are available on the coast and inland?

Within a tiny area about the size of Nevada, you have access to many different environments.  On the coast, there are beaches great for surfing, while others are calmer making them great for swimming, sailing and ocean kayaking.  Snorkeling and scuba diving are popular activities in a few select spots as well.  Hand gliding is popular off the cliffs of Crucita.  In Salinas and Manta you can observe whales up close from June through September.

Many hiking trails abound in the regions national parks.  Further inland you will encounter the enormous Andes Mountains.  Within these mountains are a wealth of rafting, climbing, biking and camping opportunities.

Further east you have the Amazon rainforest, where you can visit with indigenous communities, bird watch or flower gaze.  The only sports that aren’t available in Ecuador as of yet are winter or snow related sports due to the climate.  Another sport not widely available in Ecuador as of yet is golf.

How good is product availability?

There is plenty of “inventory” available as of June/July 2008.  This could change at any time.  Both houses and land are available, and at very inexpensive prices.  If you are going to buy an existing house, be sure to thoroughly inspect it.  Many Ecuadorians build their houses with less attention to detail than we command in the US.

As well, many Ecuadorians pack their houses full of people which could cause wear and tear, even on a newer house.  Check specifically for uneven tile and cracks in the walls before purchasing.

How is the basic standard of infrastructure, especially in terms of utilities like electricity, water, phone and gas?

Depends on where you are on the coast.

In the more developed areas of the coast, especially south of Manta, all services are available and all that needs to be done is call up the local service companies and have them connected to your property.  Some people in remote areas of the northern coast around Esmeraldas have their own generators, just to be safe.

Many people on the coast have their own wells dug to help preserve the environment and save on water bills.  To get these services installed in your house you will need to make a request for installation at the corresponding municipal office.  If you are located somewhere along the existing network, installation is immediate, if not, a delay could be seen.

Is there an active expat community?

In short, not really.  Ecuador is still an off-the-beaten-track destination that has attracted, at least to date, the kinds of people that want to get away from their home cultures and experience new ones.  In many places of Ecuador, you could go days or weeks without seeing another foreigner.  To give you an idea, many of the expats that are already down here are the kind that speak Spanish.  However, Expats in Ecuador are welcoming of other expats.

A few scams to avoid
You will notice that land and houses just one or two blocks up from the ocean can be had very cheaply, even less than the headline price stated in this article of $40,000.  Do not just buy land and sit on it.  In Ecuador, like most of Latin America, if the land is not in use, someone else could come “squat” on it, build, and claim it as their own.  It doesn’t matter if it is legal or not, it happens.  If you buy land, start building on it immediately.

Try to be present when constructing your house if possible.  If you are not around, you may have delays and cost overruns.  The fact remains in Ecuador many construction workers will steal materials and slack off if you are not around to apply a little pressure and enforce the deadlines.

Where to buy and current prices
There are dozens of options, but here are a few to get you started.  Your adventure in Ecuador will probably start in Guayaquil, the largest city in Ecuador on the southern tip of the southern coast.  It is a loud, smoggy, typical port town with attitude in the mold of Naples, Italy.  There is no beach nearby.

Salinas is a resort town on the southern coast that fills up during local vacations, but is empty the rest of the year.

A great place to start your search is around the small town of Ballenita.  This is the area that local experts expect to see boom the soonest.  The water is calm and clear, and the sun always seems to shine.  It is not too hot either, due to the soothing winds blowing off the ocean.  The beaches here will remind you of the beaches around southern California, golden sand with houses on small cliffs overlooking the sea.

To give you an idea of the prices, there is a plot of beachfront land available (1,200 square meters or 12,912 square feet) in Ballenita listed at $45,000 as of June, 2008.
In La Milina on the southern coast, there is another plot of land available (250 square meters or 2,690 square feet) with an ocean view for $22,000 as of June 2008.
In another beach town on the southern coast, Playas, there is a listing in June of 2008 for a 2,690 square foot house (2 levels, two bedrooms, one bath, kitchen, garage) one block from the beach for $22,000 as of June 2008.

Another hto spot to look at is Olon.  Olon is a tiny city right next to the most popular spot in Ecuador for foreigners, Montanita.  Montanita is a surf town full of foreign hippies and backpackers.  Montanita could be a great place to buy if you have always wanted to own your own guest house.  Olon is quiet with an excellent, wide beach.  It is often cloudy here though for some reason.

Arguably the most beautiful beaches of Ecuador are found in “Los Frailes” close to the national park “Machilla.”  Some places may be restricted to real estate development due to the proximity of the park, but some lots are available for purchase.

One last word, the best deals aren’t on the internet!  Come and see for yourself, the worst thing that can happen is that you will have a wonderful vacation but you might find the beachfront home of your dreams.

*For more details of properties in Ecuador see www.ecuadorrealestate.org

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27 Comments

  1. Dax Carney April 17, 2009 at 5:07 pm

    Hello Domenick,

    I am moving to Ecuador in July and wanted to get into marketing and selling Ecuadorian real estate, abroad. Do you know of any agents/agencies that would be interested in my services? I have an MBA degree, speak Spanish, Portuguese and English, fluently, and have a very strong command of German. The only issue is that I will only be there from 3-5 months. I could be in Quito or Guayaquil, as I have family in both places. Afterwards, I would be returnng to New York, NY, USA, from where I would be looking to continue the marketing and sales of Ecuadorian real estate.

    Thank you for your time.

    Best regards,
    Dax Carney

    • Jason Mailot April 21, 2009 at 3:47 pm

      Hi Dax,

      I am looking to move out of the country and go expat. I am definitely considering Ecuador and would love to get involved with the real estate down there. While I’m still saving, I would be happy to live down there full time if I could get involved in some type of lucrative business operation. I am fluent in Spanish, native gringo so English too and my degree is in Economics. Please feel free to contact me if there is some way I could get involved. I currently live in Boulder, CO but my family is all in New Jersey, so I visit the east coast often.

      Thanks,

      Jason Mailot
      floyd4793@aol.com

    • Aaron Kaufman June 7, 2009 at 3:51 pm

      i just for years just worked for Tishman Speyer in New York City and am at New York University getting a masters in Real Estate. All this sounds very interesting. i love your idea Dax. How is it going?

      I speak spanish (enough to get by) and would love to get involved. i am a hard worker and extremely sociable.
      ANy thoughts or advice please let me know. WOuld love to learn more.

      Thanks

  2. Greg Johnson April 19, 2009 at 10:23 am

    Domenick,

    You did a first class job on the Ecuador article. You shared a wealth of information about this magical country, and it’s evident that you have done your homework. I’ve just returned from a couple of weeks in Ecuador, and really enjoyed my week at a friend’s beach house in Olon. The sun and water were as warm as the greetings we received from the local folks from day 1. Walking the 8 mile beach from ‘”The Point” to past San Jose, swimming and boogie boarding in 80 degree water, playing music at a pizza place in Montanita – it was a very special experience.

    Documenting the local fishermen as they rowed their pangas out to the sea with huge nets that were dropped and then retrieved by 20-30 guys of all ages. They pulled on large nylon ropes as they dragged the net back to shore with many fish to divvy up. It is a sustainable fishing process that has provided sustenance for the people of Olon and other fishing villages along the Ruta del Sol for many years.

    Greg Johnson

  3. robert escamilla April 19, 2009 at 11:20 am

    Need all info on ecuador that I can, since I plan to go to Ecuador and venture for a while.

  4. German April 20, 2009 at 11:02 am

    Well…in Ecuador remenber that you have a communits goverment that may take your property away…..So how can you make long term plans with a goverment that is likes Cuba’s
    the best place in Colombia,….you said rebels, they are deep in the jungles and not in the cities and not
    specially in the Atlantic coast…wonderful place to live….plus is a 10 times bigger country that Ecuador plus
    is only 2 hours from Miami…………………

    • sergino May 18, 2009 at 8:55 pm

      German is probably an unhappy colombian who hates Ecuador for some reason and doesn’t know what he is talking about. Colombia is extremely dangerous and I wouldn’t buy real estate there. To live peacefully and inexpensibly I’d definetely buy beach property in Ecuador from “ruta del sol” to Manta up to Canoas, Cojimies, Tonsupa, etc. The new Constitution protects private property. Ecuador is a peaceful country that welcomes foreigners. Very good article Domenick.

    • sergino May 19, 2009 at 8:25 am

      I’d never invest in Real Estate in Colombia. It’s too dangerous. The goverment in Ecuador is not a comunist one. Besides, the old and new Constitution guarantees yor private property. So it seems that German is a souer colombian who, for some reason, wants to throw mud to the truth which is that Ecuador is a very peaceful and beautiful country that loves foreigners and welcomes them. Great article Dominick.

  5. SMITH May 30, 2009 at 6:44 pm

    Oh man D – you make me wanna bolt right away! With the turbulent U.S. market and a gov’t that has forgotten it’s “we the people” and not we the gov’t I’m leaning towards jet’n off to a less stressful and life rewarding adventure to a place I can learn another culture and support myself in a more natural way! I only recently have taken this thought seriously and will be taking my vacation soon to visit a couple of prospective places which will certainly include Ecuador. Thanks for the insight D!!!

  6. Carlos June 24, 2009 at 10:30 am

    I was born in Ecuador, educated in the US, now living in Panama.
    The government in Ecuador is turning left…very similar to Chavez…and many Ecuadorians want to leave the country…keep yourselves informed of the political situation before you move/invest there….

    The ecuadorian government has been in the news lately because of financial restrictions to companies that have investments in what they call “financial paradise countries”…like Panama.
    Also, because the president’s brother was granted millions of dollars in contracts….nepotism is blatant…

    Finally, like Chavez, Presidente Correa wants to close TV stations, newspapers and any other comunication means that do not agree with his politics…

    Good luck moving there….

  7. The Undertaker July 3, 2009 at 8:09 am

    Look,

    I’ve never been to Ecuador but have lived in both Panama & C.R. Panama RE was off the chain a few years back but I believe shows signs of cracking now. We are in the 1st or 2nd inning of a global stagpression (IMO) and this giddy business of expats running RE/other prices to the moon is coming to an end.

    The article mentions that beach property is NOT diving in C.R. Bull. You look around and you can easily find ad after ad announcing price reductions. Sure, these folks were probably shooting for the moon to begin with BUT I have found that it is, in fact, the expat crowd who chops prices just as readily as they ran ‘em up. Why? Because gringos et al sometimes have REAL reasons to sell IE. bail out to the ‘homeland’ or scurry on to the next ‘big thing’ before everyone else does.

    I wouldn’t buy anything anywhere for the next 2 to 3 years, speaking for myself. When the financial media is screaming that there’s no hope for any ‘market’, then you may wish to look to ‘steal’ something in the way of real property.

    With today’s uncertainty (sure, maybe opportunity too..) do you want to stick your neck on the chopping block when your means for sustenance could go up in flames tomorrow? Hey, if you’re a millionaire, roll the dice. If you’re looking for a place to roost, wait.

    • mark April 2, 2011 at 5:41 pm

      i’m looking for a beach town, with many americans, an american school. where i can buy bed & breakfast?

      • EL Abogado September 9, 2012 at 6:18 am

        You are the right one good for america with all your requests, no need to make any efforts to go abroad, plenty americons where you are for the only american in Ecuador is the DOLLAR Pal, you got it right.

  8. jacques July 8, 2009 at 3:55 am

    Carlos is right. The first thing you have to consider before buying a property in South America is the political stability of the country. And the author of the contribution,Domenick Buonamici , is forgetting the mainpoint of the all story. Mr Correo, Ecuador’s president, is part of the Chavez group in South-america. Mr Buonamici is not telling either, that this country is giving safe haven to the Farc narco terrorist group. Would you like to invest in such a country? The answer is clear. Never? They are other contries in Latin america, with are not tropical, but enjoy nice sommer weather between November and may, I mean for example, Uruguay or Chile. And and investment in these countries is perfectly safe. Not depending on Mr Correa….

    • Byron September 2, 2009 at 7:41 pm

      Jacques’ and Carlos’ comments are too sensationalist in my opinion.
      Comments like theirs are very far from daily reality, and from a very limited perspective.

      Ecuador has political troubles, bad governments, etc, but it is beeeeaaaauuuuutiful, and well worth it once you see it, meet it’s people, and learn to appreciate nature, the environment and culture.

      Yes, be cautious wherever you go, but don’t let fearful comments deter you from a lifetime experience.

      All of South America is amazing, but like the article said Ecuador has several geographical benefits when considering a visit/moving from the US.

    • Dave February 17, 2010 at 12:36 pm

      One important thing to keep in mind, is that a 90 day visa is good for a year. If you have a 30, 60 or 90 day visa and stay for 30 says, when you return within a period of one year you would omly be eligible for a visa for 60 days. This could be a problem if you purchase a home with the intention of living in it for a period of more than 90 days a year, without a permanent resident visa. Some other countrys like Panama will allow you to have several 90 day period visas within a years timespan. Also if you overstay your visa you can not pay the fine at the airport, so you will most likely miss your plane.

      • Dean LaCoursiere July 5, 2010 at 12:00 pm

        This is from someone that does not know the truth. You can renew your visa in Ecuador at several places like Quito, Manta or Guayaquil for an additional 90 days thus having 180 days in a 12 month period. If you are even a day late you will be fined $200 so go a couple of days early and you will still get the total of 180 days.

      • EL Abogado September 9, 2012 at 6:42 am

        Pal you got it wrong if you think you cannot stay longer, you go to neighboring countries like Colombia Manta or Peru Trujilo and stay there for one week or two where you can enjoy with again Visa for 30-60-90 days in that country than when you come back to Ecuador you get the Visa again that’s the way I was doing with Chile because I was dependent of Chile, when almost Chilean Viza was running out I went to Peru Tacna at border and to Argentina Mendoza at the border too stay there for a week or two than come back to Chile where I was enjoying Atacama desert specially for I made between Chile and Peru a bicycle with motor and I was going in Atacama desert from Calama to Antofagasta 210 Km return, beautiful.

        I did a tour starting in Brazil Rio de Janeiro than Argentina, Uruguay, Paraguay, Bolivia, Chile, Peru, Ecuador, Galapagos, US Miami FL, Buffalo NY-Niagra, Canada back US, Cancun Mexico than Sydney Australia this tour took two years and eight months, my Passport is full of Visas stamps plus stamps from Machu-Pitchu, Galapagos, NASA, Seqoia National Park I astonish everybody and envy do not tell me from PIGS seventh-day adventists for I went as missionary and come back Pastor that’s the envy for. Study stupidity of adventists here http://www.apostasy.org

  9. sam April 8, 2011 at 1:11 pm

    I love Ecuador. I love the Ecuadorean people. They are for the most part very genuine loving, giving people. They are very gratifying people. When you fall in love with an Ecuadorean it is an amazing love affair with an amazing person. That said I have to warn you that Americans are slowly taking over the coast of Ecuador and if you are thinking about moving there you better do it soon and try to be smart about it. Not only are Americans buying up the houses and land but they are selling them for American prices. So for an example and a true story, last year an American bought 4 acres of land. This land was on top of a mountain and below was a beautiful beach. He bought it for $90,000 and than divided it up into 26 lots and is selling them for over 40-50 thousand each lot. Now think of the people that own this land and are being fooled into selling them for such a low price and than having to find out that in some cases they double of triple the money in a fast turn around. This to me is deceiving and mean and typical American greed. I would expect this in the USA but not here. This is not the land of plenty nor is it the land of opportunity, yet once again Americans are making a name for themselves because of their greed and selfishness. Go to Ecuador and look for property yourself. So far, for me the best town is Montanita because it is a party town and I love to party, but that is me.

  10. Lina August 23, 2011 at 7:07 pm

    I will like to point out few things here which I believe are very important to take in consideration. Once a person decides to retire or live overseas, they are opening their minds to a complete new and different perspective in life, of course these underdeveloped countries or emerging economies, as I like to call them, have a whole different situation, may that be political or economical, but on the other hand, they do offer a great compensation by providing natural environments, health and a comfortable lifestyle under a small budget.. Most develop countries are saturated with environmental problems, and their economies are going under huge debt problems.

    Saying this, I should also agree that few smart foreigners are taking advantage ahead of the game and overpricing local properties in this heavenly retirement option. One thing to be sure is that properties by the ocean in Ecuador are cheap, you should always buy from locals, anybody can buy properties here, you may need the assistance of a professional who is related to the local market, which will not jump the price to the American standards. I am even seeing that companies who have been in the business of promoting Latin America as a new found heaven for retirement, are also making money by offering tours and seminars, this is not fair at all, there is plenty of information on the net, and Ecuadorians are very friendly and open people to welcome business from other cultures.

    Don´t let anybody tell you differently, I wouldn’t like to see Ecuador being merchandise by people who are just taking advantage of a timing opportunity. Please get informed, of course there are cases were you might find dishonest people. By asking around a lot, you´ll be able to avoid that, take your time and travel to Ecuador for a visit, see it your self, even if they try to point out that the actual president is following Venezuela’s foot steps.. I can tell you that Ecuadorians are a complete different story, they will never allow it…
    Ecuadorians are very business oriented, and a very hard working society, they will always push their Politians to open the doors to the world. They had to go through a hall process of changes with their previous established politics to level the social standards.

    I was born in Ecuador and raise in Canada, I have seeing both worlds, plus having worked in other countries. I am a citizen of the world, we should never undermine any place, I just think that there is a perfect place for every type of character in life and budget too….

    I started writing about overseas living after my friends and clients ask me to please make all those tips of information available to the world.. so I went on with my brand new blog.. I am open to constructive critics, comments and if any body will like to collaborate please you all are more than welcome, it will be a great cause..

    • Bernard August 31, 2011 at 8:55 am

      Lina, thank you thank you thank you – the early comments are truly from people that have a closed mind and cannot see past the smoke and mirrors of the American society. I am American, always have been, always will be, but I am looking to ‘escape’ the horrid autoricities that our government is impending upon it’s citizens. I do agree that there are some greedy American moving abroad, skyrocketing prices just to make a quick buck. And that to me is discusting. I will still go to Ecuador and buy property for me and my family with intentions of moving their to live.

  11. Veronica K October 13, 2011 at 3:53 pm

    I am from Ecuador and now a US citizen living in Arizona, I help people that want to retire in Ecuador find a property in safe neighborhoods and help them negociate like a local so they dont get ripped off by the “American” prize. If interested my email address is vero_orem@hotmail.com
    I travel with you, show you the country like a local, and then you decide where you want to live safely.

  12. mike larski November 7, 2011 at 8:19 pm

    Hi I have a 37 ft sail boat in florida I was wondering if you had any customers who would be interested in trading for property in equador. Just a shot. I am thinking of moving to a differnt place I am in Costa Rica now and want a change. can send pic’s need to be near the water. I like ocean view over beach lots, small condo in nice little oceanside town. i am single so would like a little night life. Also have lots of ocean view building lots in costa rica. they are selling pretty well. I build homes here too and its going well. I would trade costa rica property for something there I can visit anytime so if you have any idea’s . worth a shoot.

    • ralph February 12, 2012 at 6:17 pm

      Hi there do you have contact info, im interested in the building of houses and more info about the costa rica ocean lots etc. thanks

    • Glenn Johnson February 23, 2012 at 12:48 am

      Hi, have property is bahamas would like to trader for sail boat. Email me at kjr27@bellsouth.net
      thanks
      Glenn

  13. zen February 16, 2012 at 5:48 pm

    Incidence of hurricanes is way down. So much for your global warming.

  14. Hubert Duke October 22, 2012 at 11:41 am

    Hello,

    Am interested in buying property /investing in property in Ecuador, am ready to buy now, will like to know if you have properties for sale within my budget price.

    Regards,
    Hubert

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