$15k for a piece of the beach in Ecuador: And the completely wrong way to buy beachfront property in Ecuador

“It’s a lot less than I would have paid in California for beachfront property,” a client confided in me after paying about $600,000 for a beachfront property in Canoa.

“Wow,” I thought.

That’s the totally WRONG way to think about prices when property shopping here in Ecuador.

It’s like comparing apples to oranges, Ecuador has no comparison to USA property!

You’ve got to learn the market and sub-markets here before investing!

Or overpay.

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Why owning a luxury condo in Ecuador makes more sense than in the USA

The thought of owning small, elegant, almost hotel-like one bedroom properties in places I enjoy has always appealed to me.

I could use at my leisure then lock it up and rent it out online through services like AirBnB when not there.

For the same price as a hotel someone can enjoy all the same services (elevator, front desk staff, pool) yet get twice the space and more freedom to have guests over without paying extra.

The first place I looked was Vegas.  Then, this past month I inquired on one luxury suite in an area I know well, Big Sky, Montana.

Yet, all the hotel suites for sale seemed to stay on the market MONTHS or YEARS at a time.  Maybe I was missing something.

The one bed one bath suite I was looking at in Big Sky was right on the ski hill in a luxury hotel, had a kitchen, living room, bedroom and bathroom.  Asking $245k.

USA:

But digging down further I discovered why they don´t sell… the condo fees were around $1100/month.  The annual property taxes $1400/year and the property management companies in the area that offered me their services charge around 25%.  Not to mention heating and utility bills which are several times that of Ecuador.

Ecuador:

Compared to the same sized luxury suite I´m considering on the coast of Ecuador, which if renting short-term could probably ask around the same in nightly rates ($60-80/night) the cost is about $http://ecuadorrealestate.org/luxury-condos-in-ecuador/80k to buy.  Monthly condo fee is $110.  And the annual taxes around $125!  Management would be much less expensive as well.

For some property types the USA wins for sure, but for this one, I´d choose Ecuador.

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My new favorite tool for finding the CHEAPEST flights to South America

“I paid $300 Argentina to Brazil to Chile to Ecuador,” a young, backpacker guest of mine at my place near the Quito airport said recently in the lobby.

“Wow” I thought.  Great price considering there are no budget airlines yet in South America.

So naturally I asked how she found it?

Google Flights,” she said.

So I tried it, and she was right, its great and I used it to plan my last trip a few weeks ago to the US saving me hundreds on flights.

The great thing about Google flights is you can compare the prices between two different destinations on all the major airlines for MONTHS at a time allowing you to easily pick the dates that work for you and that are the cheapest.

Google flights, a must for any expat planning travel abroad in 2018!

Hasta pronto, if you liked this sign up for my Ecuador Insider’s newsletter so you can check out my latest posts(not available online) on living and investing in Ecuador:

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