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:
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:
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.
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:
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:
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?”: