Homes in Ecuador
May 1st, 2010In a recent New York Times article, published March 23, 2010, the author (Lisa Keys) explains how prices in the most desired areas of Quito, Ecuador’s capital city, have nearly doubled in the last five years and continue to show a relatively strong demand for much of the historical homes, although there are signs of a slower sales this year.
Many people are unaware of the beauty, diversity and history of this region in South America. Today, it’s common to see people from Europe, Canada and the United States in these popular areas of Ecuador.
Ecuador has a lot to offer, especially with lower real estate prices in comparison to Costa Rica and Panama and, in many cases only an addition 60-90 minutes more in flight time. Ecuadorians use the U.S. dollar as their currency, making prices more attractive to Canadians and Europeans when the dollar is weak.
Ecuador also has a long, beautiful coastline, allowing for lower real estate prices along the Pacific Ocean.
We’re looking forward to hearing your thoughts and comments on Ecuador and hope to see you there soon!