Owning real estate abroad is one way to diversify for safety and to preserve purchasing power.
Ecuador real estate is in the second phase of a growth curve. When Merri and I arrived over 15 years ago and began researching and buying real estate the prices were so low and value so high it was almost unbelievable. We saw fully developed beach lots for $2,500… 12 acres on the beach for $18,000… coastal condos for under $20,000. We bought wonderful land at below $100 an acre… then.
In this second phase, prices have risen but there are still bargains of extreme value like this condo in Manta.
This is a spacious apartment with a large terrace overlooking Manta. This unit is 30 meters ( 33 yards) from Playa Murcielago in the best part of section Umiña. This is a jewel with 4 bedrooms and 4 baths, (1 with Jacuzzi). One of the bedrooms even has a private porch on the side.
There is a separate laundry room.
The total living area is 280 m2 (appx. 3,000 square feet) plus a two car garage and storage, with a total over 300 m2.
There are two entrances to the apartment.
Most rooms have A/C.
The condo has five apartments total. The entrance has electric gates and 24 hour live security plus the apartment is very well maintained.
The asking price of $175,000 works out at $ 580 per m2 or less than $55 per square foot.
For more details contact Jean Marie Butterlin at firstname.lastname@example.org
We DO NOT investigate properties when they are advertised so be sure to complete your due diligence and always use an independent Ecuador attorney who represents you (not the seller) when you buy real estate in Ecuador. We also recommend that you rent before you buy and become familiar with Ecuador.
Learn more about Ecuador real estate.