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Ecuador Real Estate Prices Are So Low That Ignoring Them Is Not A Wise Decision
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Ecuador Real Estate Prices Are So Low That Ignoring Them Is Not A Wise Decision

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  • 1. Ecuador Real Estate Prices Are So Low That Ignoring Them Is NotA Wise DecisionEcuador is classified as a middle income nation. More than 35% of the countrys population livesbelow the poverty line. Agriculture, export of marine and petroleum products, timber, and gold supportthe Ecuador economy. The major negative point in the minds of international investors is the sluggishgrowth rate of the country in the past 2 decades. The various governments during this long periodhad done precious little to improve the economy.Still, this negative point itself is a positive for foreign investors. The prices of Ecuador for sale andEcuador rentals are very low, compared to several other countries. Hence, the international investorswould be able to buy a lot more property in Ecuador for the same amount invested in any othercountry. The tourists to Ecuador feel that it is one of the most beautiful countries in the Americas.The real estate in Ecuador is flourishing in areas such as Ambato, Atacames, Azogues, Chimborazo,Chunchi, Cotopaxi, Cuenca, Esmeraldas, Galapagos, Ibarra, Imbabura, Ciudad La Troncal, and Loja.Macas, Machala, Manabi, Manta, Milagro, Oriente, Otavalo, Playas, Portoviejo, Salinas, Sucua andseveral other charming cities, towns, and villages also offer terrific Colombia listings, apart from thecapital city, Quito. Individual homes, vacant lots, farm lands, and beachfront properties are availableat unbelievably low prices, when international for sale prices prevailing in the US and Europeancountries are compared.The prices of real estate in Ecuador had been improving in the last few years and the appreciation islikely to continue during the coming decade. A two-bedroom condo in the historic center of Quito,capital of Ecuador is normally priced below $55,000. In the city center of Cuenca, the same type of 2-bedroom property would cost less than $40,000. This would clearly indicate that the Ecuador realestate prices are among the most attractive in the international market. If you are thinking of Ecuadorrentals, a single bedroom, furnished apartment in the richest neighborhood of Cuenca, situated on theTomebamba River would be available for a monthly rental rate of $350.A countryside land of 2.5 acres with several fruit trees, fresh water source, and a traditional 5-bedroom house in areas like the Valley of Longevity, was recently purchased by an internationalinvestor for $60,000. This clearly proves that any investment in Ecuador real estate for sale or inEcuador rentals is likely to be highly profitable venture. The investor should not look for overnightproperty value appreciation and instant profits. If the investor takes a long-term view, then Ecuadorlistings is the best option one could have on the international property market scene.encina real estate