Real Estate in Ecuador

Last updated on Jan 05, 2024

Summary: An expat should search for a home to buy in Ecuador by researching the local real estate market and consulting with a local real estate agent. It is important to consider the location, size, and price of the property. Additionally, it is important to research the local laws and regulations regarding foreign ownership of property in Ecuador. Foreigners are allowed to own property in Ecuador, but there are certain restrictions. For example, foreigners are not allowed to own property within 50 kilometers of the border. Additionally, foreigners are not allowed to own property in certain areas, such as military zones or national parks. Houses in Ecuador typically include basic amenities such as running water, electricity, and sewage. Many homes also include air conditioning, internet access, and security systems. Additionally, many homes in Ecuador have access to public transportation, shopping centers, and other amenities.

How do I find a place to live in Ecuador?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Fortunately, my company hired a relocation firm. Sanborondon is the upper class, safe, and happening nearby suburb of Guayaquil. It was almost a given that I would live there as an expat with Company-provided housing. The Company also hired a realtor for us who helped with our search options (furnished, gated community, 3 bdrms, spacious, pool). Newspaper ads weren't very helpful at all. Word of mouth or realtors are the way to go," said one expat in Guayaquil.

"We made an exploratory trip months before we decided to come and live in Cuenca, Ecuador. We did not really choose the neighborhood we just found the apartment absolutely fell in love with it and the price was just right and the view and everything. It seemed like a good neighborhood as well and we bought it within two weeks of being in this country. To date 18 months later we are still very very happy with our purchase. We have since found it is a great neighborhood close to all amenities but far enough from the centre of the city," remarked one member in Cuenca.

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What is a typical expat home or apartment like in Ecuador?

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.