A LOT of people ask me where to invest in Ecuador…
…And last week on my weekly insider’s newsletter (sign up below free) I got people talking with my “bubble theory”, or unconventional advice for Ecuador home buyers to not try to find the hidden gem areas and in fact, to invest in discovered areas where property values have already risen.
The key is just to look a little harder and find an undervalued property in an already discovered, appreciated area.
The reason for this is simple.
Why try to “hope” and “create” demand for an area when you can look a little harder than everyone else and find a deal in an already appreciated, discovered area with foreign interest, giving you a MUCH quicker turnaround and significant return on investment.
So where are these “bubble” areas or places that have already been discovered, and where I recommend you invest for the best short term gains…?
There aren’t many, Ecuador is still relatively undiscovered and it is a small country.
On the coast, the areas I have seen attracting the most foreign interest (and where property values have already risen a bit) are Salinas, Olon, Manta and to a lesser extent the Bahia de Caraquez area and Canoa.
The places on the coast that are attracting the most local buyer interest are Salinas, Tonsupe (in the north) and Manta.
As for the Andes, highlands region…the discovered areas drawing the most foreign investor interest are by far Cotacachi, and Cuenca…and to a lesser extent, Quito and Vilcabamba. And the locals tend to stick to the big cities (Quito, Cuenca).
Now, I am a more short-term investor type.
I like to get in and out of my Ecuador investments. I had a property in Olon I resold in a few weeks, compared to properties in undiscovered, yet beautiful, areas of the coast that I see take over a year to resell…! I have learned the hard way that most people really don’t like to get too far off the beaten track (even though sometimes they say they do)…
So, based on the aforementioned places, you now know where I honestly recommend you invest!
Next week I am going to talk about the dos and donts of buying communal land, an absolutely essential read for any possible Ecuador property investor!
And to learn where to invest based on the type of property you are interested in (vacant land, condos, town house, colonial home) my full Ecuador real estate guide is still the best read on the net, check it out here…
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