5 places in Ecuador where you can find cheap Ecuador Real Estate

In general, real estate in Ecuador is cheap. At least, if you compare it to the prices of similar properties in the US, Canada or other developed nations, you will find Ecuador Real Estate  to be quite budget friendly. Although that is the general perception, it does not mean you can buy land anywhere in this country and be reckless about it. Naturally, land prices in the top cities like Quito, Cuenca and Guayaquil will be more expensive compared to the more rural areas of Manta, Loja or Vilcabamba. The development in the top three cities make it among the most expensive Ecuador real estate properties in the area.

 

This is the very reason why Ecuador Real Estate investors are strongly encouraged to look beyond the more popular cities and into the rural areas. You need to look at the places that are poised for development so that you can weigh if the investment you will make on a property here will be profitable once the development is in full swing.

 

5 places in Ecuador where you can find cheap Ecuador Real Estate

 

As of early 2015, there are 5 different places in Ecuador that you can look into for a good real estate investment.

 

Bahia

We know how great Bahia is, as it is fast becoming known as a beautiful Eco-city. But let us not forget the fact that it is foremost, one of the best beach communities in Ecuador. It attracts both ecotourists and beach lovers. But despite the influx of tourists and its growing fame, there is not much real estate investing going on here. There are a lot of developments but not much buyers. With a high inventory and low demand, you can get Ecuador Real Estate here for a great price. This is your chance to put your money to good use and invest in an Ecuador real estate property here. You can live in it or have it rented between $1,000-$1,500 a month. With the bridge connecting Rio Chone and San Vicente, more and more people will find the convenience of traveling to Bahia appealing.

 

San Clemente

If you are looking for more beach Ecuador Real Estate for sale, this is one of the best places to look for it. San Clemente is located along the central Pacific coastline of the country. The reason why you want to invest here is because it is becoming of the prime spots for adventure sports like paragliding, hang gliding, and kite surfing. Apart from the natural beauty of the place, these activities attract a lot of people in San Clemente. Of course, the beach is also a great reason to buy property here. Even if you do not plan to live in this place, you may want to invest in a rental property that will earn income off the visitors. There are so many opportunities for landowners in San Clemente so head down here to check it out.

 

Ancon and Canoa

These two coastal communities also pose potential for a lot of expats looking to invest in Ecuador real estate. There is very little development in these places. You will find that these places have a rustic appeal that will attract tourists looking for some peace and relaxation. Ancon is actually located near Salinas so if you choose to buy a property here, you will get to enjoy the amenities found in the bigger city. In any of these places, you can find properties that are below $150,000. Which is a great deal if you can rent out the property to the influx of tourists who are discovering the beauty of both Ancon and Canoa. The latter is a bit more expensive but you may want to check out both these places so you can pick the right place for your investment.

 

Cotacachi

If you want to invest in an Ecuador real estate that is higher up the mountains, you may want to look at Cotacachi. This city is located between two volcanoes and had been experiencing a steady growth in the expat community since 2007. It is a great place for you to live in. But if not, there is potential to invest in a rental property that you can earn income from. Not only will you have the expat market, you also have the tourists coming in to explore the nearby Cayapas Ecological Reserve. The healthy and beautiful environment might make you want to live here yourself but that is really up to you.

 

Yunguilla

Lastly, you have Yunguilla - which is starting to be known as the next Vilcabamba. It is actually not a town but a valley that goes from Cuenca to Machala. There are a couple of small villages here and there so you may find it odd that it is part of this list. However, you should note that a lot of rich Ecuadorian families live here and are investing in the lands around them. You may want to do the same. If you want some remoteness, peace and tranquility, this is a great place for you to buy an Ecuador real estate property. If you want to enjoy the amenities of a city, make sure you buy a property that is near the city of Cuenca.

 

These 5 places are definitely worth looking into if you want a budget friendly property investment. Definitely, there is more to Ecuador real estate than these 5 places so do your research very well before you start investing.