Well, obviously if you can get your hands on a cheap beachfront property, you should go for it.
By “cheap” for Ecuador standards, I mean anything less than $50 a square meter ($4.65 per sq. ft). On the high end, I’ve seen folks ask (and get) as much as $200 per square meter for beachfront land.
But I think entering 2015 the real opportunity is in the oceanVIEW properties along the coast.
You see, the Ecuador coast is lined with oceanfront mountains like the California coastline providing many properties with a spectacular view.
And you can still find many of these oceanview properties CHEAP.
By cheap, I mean for instance, a 400 m2 (4300 ft2) lot with a 180 degree oceanview in Ecuador you could probably find starting around $8,000-$15,000.
Us gringos love a view.
Ecuadorians don’t care much, but that’s what kept the price down so long on these properties.
In fact Ecuadorians build homes with bedrooms with no windows then when you comment on it they look at you like you’re the crazy one for saying something.
Buy some oceanview cheap from locals, build something (or not), flip it to a foreigner is exactly the strategy Id suggest for someone just getting into Ecuador real estate.
And its the strategy I’ve followed and plan to follow again entering the new year. More on that in updates to come.
How do I find the best priced properties? Its a bit more complicated in Ecuador, I answer that and more subscribe to my weekly Ecuador Insiders Newsletter below, you can unsubscribe at any time: