Ecuador is one of the premier countries for today's foreign investors. Cuenca, Ecuador real estate is popular because of the beautiful location and because foreign investors can find a high amount of value for their dollar.
The beauty of the beaches and forests immediately strikes those who visit Ecuador. Once you've seen the country, you're likely to want to return again and again for the sunny skies, friendly people and unbelievable vistas. Luckily, real estate in Ecuador is priced right for most investors, allowing you to own your own little piece of Ecuador's paradise. American and European investors can get far more for their money in real estate in Cuenca, Ecuador than they could ever get in their home country.
In 2006, Cuenca was voted one of the two most livable cities in Latin America, and in 2009, International Living Magazine ranked Cuenca as “the world's best retirement haven".
Cuenca is located in the south of Ecuador, and is considered the country's cultural haven. It has one of the most beautiful historic districts in the entire country, and offers some very impressive architecture.
Though the country, like the rest of the world, has been in a recession of late, prices for Cuenca, Ecuador real estate continue to rise. In general, the property values have appreciated about five percent per year. Though Cuenca is a retirement haven, and will continue to be so; local buyers still primarily drive the market. Foreign investors make up just one half of one percent of the Cuenca, Ecuador real estate market.
The city is growing rapidly, and there is plenty of new construction to prove it. Condominium buildings are going up at record speed. The condos are far and away the most popular type of real estate in Cuenca, Ecuador because they are easy to maintain and to rent for foreign buyers. So, while they are still a very good value for European and American investors, they are not the best value.
The very best deals can be found in the larger homes in Cuenca. There are plenty of large homes, many with guesthouses that can be purchased at incredible prices. Many of these homes are priced outside the range that local investors can afford, but they're a great deal for foreign buyers.
Purchasing real estate in Cuenca, Ecuador is relatively simple for foreign buyers. With a licensed real estate agent, you should have no difficulty navigating through the purchase process. Though the prices for real estate in Cuenca, Ecuador continue to appreciate, this area is still one of the very best investments in all of Latin America for the foreign buyer. Talk to an agent today and begin looking through the real estate listings in Cuenca, Ecuador so that you can find your own private Ecuadorian haven.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Cuenca, Ecuador real estate for sale , Cuenca, Ecuador real estate exchanges, and Cuenca, Ecuador rentals . Cuenca, Ecuador real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.