Where Can I Find Listings of Real Estate in Ecuador
Ecuador, located in the northwestern region of South America is bordered by two countries, Colombia to the north, Peru to the east and south as well as having The Pacific Ocean situated to the west.
Geographically Ecuador has many different environments with the Andes Mountains, the Amazon rainforest, a long Pacific coastline, as well as being home to the world-famous Galápagos Islands.
Ecuador offers investors and private user buyers a wide range of different types of real estate including luxury properties such as beachfront condos, mountain estates, and colonial style properties.
Popular areas of Ecuador with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Buying cheap luxury real estate listings in Ecuador is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Ecuador, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
You may ask where can I find listings of real estate in Ecuador, and in established or emerging luxury markets or area, luxury properties could be listed as undervalued in relation to future expectations, especially for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas often see strong appreciation when the market recovers or the area gentrifies.