Following Election – Interest in Moving/Investing in Ecuador Peaks

Below is an article Tom published on his LinkedIn page on November 9, 2016.

Change multiplies uncertainty. Now, as greater uncertainty comes into play, US Citizens and International Investors seek ways to hedge existing bets on the direction and volatility of the US and World economy.

The labyrinth of unknowns instantly created by the results of the latest election cycle have brought “thoughtful pause” to many of us looking for a safe, solid ROI and a high quality of life today and through our retirement years. After being blindsided by bubbles and bailouts, we seek presently-undervalued real assets that will maintain or increase their value despite, or as a result of, the ups and downs around us.

Ecuador has been described as Costa Rica with real estate prices 40 years behind the curve. Ecuador recently received a HUGE upgrade in terms of infrastructure (new roads, new hydro plants, new refinery, new airport) and international recognition as the world’s highest-value retirement destination by CNBC, Forbes, International Living Magazine and the New York Times. The official currency of Ecuador is the US Dollar and its two main cities of Quito and Guayaquil are a short (4 hour), direct flight from Miami or Ft. Lauderdale (via Jetblue). Ecuador’s time zone coincides with either EST and CST depending on daylight savings time in the US, making it a viable base for the digitally mobile worker.

Despite all the recent attention and upgrades, Ecuador still has many undeveloped beachfront destinations. You can still have large undeveloped beachfront lots at prices ranging from $35,000-$100,000. Investors can still find large parcels with beachfront at very low prices such as this property we will soon be announcing near the surf town of Canoa:

29-Acres of Gorgeous Beachfront for Sale

This gorgeous property has a brand-new concrete road designed and built complete with a bike-lane by a national government focused on developing tourism along its coastline. Here is a look at the road and the property looking to the north:

Gorgeous beachfront property for sale in Ecuador

 

For those looking to move down soon or buy now and rent until retirement, beachfront condos can provide exceptional value and appreciation. New condo projects are just beginning to become available for the forward thinking retirees and investors along the beaches just outside of the busy cities. One example is our Ensenada del Pacifico project located in San Clemente, Manabi that is now nearing completion. Demand for the first phase of the project was strong and only two units are available as resales at only $154,000. The majority of the project was sold prior to completion.

Beachfront condos for sale in Ecuador

Click here for the listing

And for those seeking a quiet single-family home on or near the beach, we have a number of house listings well-under the $200K mark, including a newly constructed 2 bedroom/2 bath beachfront home in a stunning location:

Beachfront home for sale in Ecuador

Click here for the listing

With the ups and downs of the US and World Economy, purchasing tangible assets in Ecuador in the form of land, investment, or an income-producing vacation property that is presently well-undervalued in the global market might be just the right move for you.

If you are looking for more information about Ecuador for retirement, investment, or both – enter your email by following the link below so we can send you our “Know Before You Go” guide that reviews each town on the Central Coast and provides vital tips for the foreign traveler planning a visit:

"Know Before You Go" trip guide

“Know Before You Go” Guide

Also, please take a look at our Frequently Asked Questions page for answers to questions like, “Can foreigners own clear title to property in Ecuador?”:

Frequently Asked Questions

 

Beachfront condo for $55K

UPDATE: So, about an hour after publishing this post (not exactly a trivial accomplishment with an active baby that is WAY too enthusiastic for opportunities to pound my keyboard and smudge my screen…), Tom tells me that this condo unit is rented by an American couple for the next two years. Anyways, probably a good investment strategy for the owner as beachfront prices are definitely on the rise and it makes sense to hold onto and rent out properties as they increase in value. One thought is that if you want a good buy and aren’t in a hurry to move in, you should lock in this price with the owner now.

 

If you are looking for a simple and affordable beachfront purchase, here is a really
good deal that’s currently available in Crucita: $55K for a 2BR/2BA beachfront condo.

View of the beach from the balcony

Here are the details:

  • Approximately 800 square feet enclosed
  • Located on the ground floor (no stair-climbing required…a good thing since this building has no elevator)
  • Balcony looking out onto the beach
  • Constructed in 2007. The owner is the architect who built the condo building as well as the new condos next door.
  • Basic appliances included (stove/refrigerator)
  • 24 hour security. On-site maintenance available
  • Parking
  • Access to the rooftop terrace for awesome sunset viewing
  • Access to common area of the new adjacent condo building which includes a swimming pool that overlooks the beach
  • Maintenance fees are $25/month
  • Note: this unit is currently NOT plumbed for hot water. The owner has one of those electrical “suicide” electrical heater units attached to the shower head. Those things do work; Tom and I have used plenty of them in our days in Latin America but one may nevertheless consider cutting in a hot water line and installing an on-demand gas powered water heater…

 

For more details and photos, go to: http://ecuadorbeachfrontproperty.com/Condos2.html

July 2010 Ecuador Beachfront Condo Update

The Arena, Sol y Mar Condo project that we have been promoting and documenting as part of this blog has made major progress since our last update:

Ecuador Condo

The final floor was poured, the outside walls have been surfaced, and the inside walls are built!

ecuador beach condo

Here is a view from the 5th floor:

Ecuador Condos

and here is a view of the condos from the beach along the main beachfront road in Crucita:

Crucita Beach condos

There are now only 4 units left and prices are still very low.  Check out our Ecuador Beachfront Condos page for more info and updated prices.

Something New: Ecuador Video Discount Guides!

We have put together our first Video Discount Guide package and it is ready for you to download at:

http://www.ecuadorbeachfrontproperty.com/Videos.html


Ecuador Videos

We have traveled the central coast of Ecuador (Manta to Canoa), negotiated special deals with hotels, restaurants, tour companies, shot hours of footage, and put together an essential resource guide.

We’ve condensed all this great information into one, instantly-downloadable Video Discount Guide Package so you can Get To Know Ecuador faster and more efficiently than anywhere else!

The downloadable coupons are serious:

  • $75 off a woman’s yoga and surf camp in Canoa
  • $150 off a personalized charter fishing package in Manta
  • 10-20% discounts on exclusive hotels
  • 10-20% off at excellent seafood restaurants and bars… to name just a few.

Check our webpage now to get the special $10 off intro price.

http://www.ecuadorbeachfrontproperty.com/Videos.html

Download the Intro Video: Get To Know Ecuador Video Guide

or watch it right here:

Crucita Condo Update: The 8th and final story has been poured!

The Crucita condo building, Arena, Sol y Mar II has just had its 8th and final floor poured as of February 4, 2010. Construction on this beachfront property continues to proceed according to budget and is currently ahead of schedule. The completion date of the building is November 2010.

Don’t miss out on this spectacular opportunity to own your beachfront condo at a discounted preconstruction price! For all the details, floorplans and photos take a look at our Ecuador Beachfront Condos page.