Ecuador:   For Rent    For Sale    All Properties

List a Property    My Properties    Buying & Renting Advice

Overseas Property Advice

Tips for Buying Propery in Ecuador

By zadfrak

An expat in Ecuador offers advice to other expats buying property in Ecuador -- from finding a local lawyer to renting before buying to the best places to buy property in Ecuador.


Popular Areas of Ecuador for Expats

Usually you'll tend to see a proximity to the large cities and the major airports such as Guayaquil, Manta and Quito.

MLS (Multiple Listing Service) in Ecuador

Yes, there is a MLS Service in Ecuador. Although it may show 50% of what is available. Some houses will just have a sign in the window. Just remember that a broker may know about half of what is out there and you'll need locals and natives for the other 50%.

Property Prices in Ecuador

Property Prices in Ecuador

$100-$150k inland for a house. Coastal areas can be similar depending upon the proximity to a large population. Plan on another $50k for coastal area's and be prepared for the pockets of expensive homes.

Advice for Expats Buying Property in Ecuador

Try staying in an equivalent type structure you are considering. For example, if you want a condo in Bahia, stay at a condo in Bahia for a week, Minimum. A house in Cuenca? Rent one for a week.

If you think the weekly rental price is too expensive, you'd better take a hard look at investing 75 to 100 times more than that. So, in actually, it pays to do it.

Should an expat hire a lawyer when buying real estate in Ecuador?

Of course. A local firm only. They can be the only person on your side and even that is not the case in all situations.

Costs Involved in Buying a Property

Usually in the neighborhood of 2-3%.

Are there any restrictions on foreign property ownership?


The 5 Best Places in Ecuador to Buy Property

  1. Mountain Area - Cotacachi, Ibarra, Otavalo. Nice mountain region and towns are sizable enough for everything with Cotacachi being the smallest.
  2. Cuenca - Best combination of everything but may be pricey. Ballenita expanding area with new Malecon (pier & boardwalk) being built
  3. Canoa - Nicest beach in the country & similar to Daytona Beach.
  4. Olon - Getting pricey but surrounding area's still present value for being by the ocean.

For more information on where to live, read 10 Best Places to Live in Ecuador.

7 Steps in Buying Property in Ecuador

  1. Find it first. Easier said than done. Big thing is the water and water supply.
  2. Find an attorney that does real estate in that area - not hours away because they were mentioned on an internet board. Local only.
  3. Have him research everything because it is a buyer beware country with minimal recourse.
  4. If building, be vary wary of partially completed developments -- lots of them go under and you are out of money and luck.
  5. If buying an existing property, try using a popular and major real estate agent. Consider hiring one as a buyer's agent even if you found the place yourself -- you need someone on your side.
  6. Figure out how to pay them for the property. Ecuadorian banks are tough to deal with on transactions. Have a professional figure this part of things out for you and follow it.
  7. Be there for that final period before closing. Too many things can go wrong at the end and you need to be there.

GeoBlue International Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Ecuador from our partner, GeoBlue.
Contact GeoBlue

Get a quote for expat health insurance in Ecuador from our partner, GeoBlue.

Living in Ecuador GuideLiving in Ecuador Guide

Expats in Ecuador share some of the pros and cons of living in Ecuador. Topics covered include where to live, the bureaucracy, the people and more.

Ecuador Forum Ecuador Forum
Meet other expats and talk about living in Ecuador.

Best Places to Live in Ecuador Best Places to Live in Ecuador

Expats share some of their favorite places to live in Ecuador from beautiful colonial cities to affordable beach towns.

Healthcare in EcuadorHealthcare in Ecuador

Expats in Ecuador share their experiences with healthcare and overseas medical insurance in Ecuador.

Cost of Living in EcuadorCost of Living in Ecuador

Expats offer insight into the cost of living in Ecuador.

Moving to EcuadorMoving to Ecuador Guide

Expats in Ecuador offer advice to newcomers and people considering a move to Ecuador about clothing, sunscreen, renting before buying, gringo pricing, Ecuadorians politeness and much more.

Real Estate in EcuadorReal Estate in Ecuador

Real estate listings in popular cities and towns in Ecuador.

Pros Cons of Living in EcuadorPros & Cons of Living in Ecuador

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Ecuador.

Retiring in EcuadorRetiring in Ecuador

Advice for people retiring in Ecuador.

Contribute to Ecuador Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Ecuador.

10 Tips for Living in Ecuador10 Tips for Living in Ecuador

Expats in Ecuador appreciate the cost of living, the friendly people, the beautiful weather and warm culture. The bureaucracy can be very trying, petty theft an issue and driving downright dangerous.

8-Tips-for-Living-in-Cuenca,-Ecuador8 Tips for Living in Cuenca, Ecuador

Many expats in Cuenca, Ecuador love the city's climate, friendly people and low cost of living. Other expats find that this developing city's bland food, dirty streets and noisy neighborhoods are too much to take.

Ecuador-Check-In-and-Help-Needed-ThreadEcuador Check-In and Help Needed Thread

The earthquake in Ecuador has impacted many areas where our members reside. Our thoughts and prayers are with everyone in Ecuador. We have setup a Check-In and Help Needed thread for our members in Ecuador.

Top-10-Reasons-to-Consider-Ecuador-for-Your-RetirementTop 10 Reasons to Consider Ecuador for Your Retirement

Retirees in Ecuador enjoy an incredible number of benefits in their expat life abroad. Here are ten of the best reasons to consider this South American country when you look abroad for retirement.

Thanksgiving-in-EcuadorThanksgiving in Ecuador

For American expats looking to dine out on Thanksgiving, here's a list of several restaurants offering Thanksgiving dinners in Quito and Cuena.

Copyright 1997-2022 Burlingame Interactive, Inc.

Privacy Policy Legal