Property for sale in Ecuador
Ecuador is a country straddling the equator on the west coast of South America. Its varied territory includes the Amazon jungle, the Andean highlands and the Galápagos islands, rich in wild animals. At the foot of the Andes is Quito, the capital, at a height of 2850 m. It is famous for the city centre in Spanish colonial style, almost completely intact, which houses palaces and religious sites dating back to the sixteenth-seventeenth century.
If you are thinking about buying a property for sale in Ecuador you have to know some news about its real estate market.
Since the law on Plusvalía was repealed last March, the real estate sector has had a remarkable recovery.
The dynamism of sales is greater in some of the sectors that have new residential and office proposals.
Among the real estate brokers there is satisfaction for reactivation. There are factors that have encouraged the awakening of sales and rents.
The market brake, since the law on Plusvalía (goodwill) was approved, helped those who wanted to sell their property for sale in Ecuador to reflect on the rise in property prices.
Since 2016 there has been an overload of rental properties, there has been no request for purchases, but over-offers. People were forced to rent their properties to pay for their mortgages. Unable to sell their property for sale in Ecuador, they had to rent. In view of the fact that they could not pay the loans, they began to leave their homes and migrate to smaller apartments to rent these properties.
Santiago de Guayaquil, also known only as Guayaquil, is a city in Ecuador on the Pacific Ocean, the capital of the Guayas Province and the Guayaquil Canton and it is an interesting place where looking for property for sale in Ecuador.
Real estate leasing prices continue to decline and buying homes or rented premises is becoming less attractive in Guayaquil and the rest of the country, whose real estate market continues to experience difficult times, but at the same time it does reflect.
This drop in prices today is between 20% and 25% unlike Quito, where it is up to 50%.
Ambato is the second best city to live and to purchase property for sale in Ecuador after the first position of Cuenca, according to a study conducted by Ekos magazine in its edition of July 2018, basic services, sanitation, electricity, drinking water, city toilets , infrastructure, roads, green spaces and the warmth of its people have made that Ambato is in this position, surpassing Guayaquil, Quito and Loja.
Meanwhile, in Cuenca, the construction sector grew by 5%.
A percentage of growth in the first quarter of the year is the preliminary result of the analysis of the sector.
For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.Set now Don't show again