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Heavy Rains Cause Land Slides in Southern Ecuador

 

Category: Investor News + Analysis | Listed: February 20, 2012

Land slides on the via Machala-Loja carried three cars off the road, killed one, and injured a dozen people due to the heavy rains in the south of the country over the last few days. If you l...

playas-ecuador-real-estate

7 Keys to a Vacation Rental Biz in Ecuador

 

Category: Expat Lifestyle, Investor News + Analysis | Listed: February 18, 2012

Over the past few weeks, I've been busy opening up a property I have on the coast of Ecuador as a short-term vacation rental. As I write this, my place is rented... Today's post is about wha...

ecuador home loan rates

2012 Ecuador Bank Loan Rates

 

Category: Investor News + Analysis | Listed: January 4, 2012

As we begin 2012, Ecuador banks are giving home loans starting around 8-11% APR and asking for at least 30% down. While the Social Security Department of Ecuador "BIESS" offers low interest loans...

Tha Salinas Boardwalk

Stuck with $100k in Ecuador

 

Category: Expat Lifestyle, Investor News + Analysis | Listed: December 29, 2011

This week one reader asked... "Hey Dom, what would you do with $100k in Ecuador, right now?" [caption id="attachment_3265" align="alignnone" width="500" caption="The Salinas Boardwalk"][/captio...

pescado-a-la-plancha-ecuador

Will you get priced out of Ecuador?

 

Category: Expat Lifestyle, Investor News + Analysis | Listed: December 5, 2011

This week I got an angry comment from a reader. "The bottom line in all of this is that if you do not buy now you will be priced out of the market. The Americans Have literally driven the prices u...

cotacachi-real-estate

Cotacachi- the Cold Truth Revealed

 

Category: Investor News + Analysis | Listed: December 2, 2011

I've got a confession to make. Even though I've been in and out of Ecuador for six years now, bought property, and been writing this weekly newsletter on Ecuador investing/living for a year now... ...

inflation-in-ecuador

Ecuador 2012 Inflation Predictions

 

Category: Investor News + Analysis | Listed: November 12, 2011

This week the Ecuador government released the inflation estimates they based they 2012 budget on... Budget estimate 3.68%... but the actual predicted inflation is expected to be closer to 5.14%. O...

ecuador-unemployment-rate

Ecuador Unemployment at 5.5%

 

Category: Investor News + Analysis | Listed: November 11, 2011

According to the INEC, the Ecuador Census Bureau, the September unemployment rate in the urban areas of Ecuador was at 5.5%. The lowest figure to date since June of 2007. But of those employed, 4...

mangrove-ecuador1-500x375

Title insurance scam revealed in Ecuador

 

Category: Expat Lifestyle, Investor News + Analysis | Listed: November 1, 2011

"Is that legal?" My friend asked... ..."not sure, but I'm not surprised," I said. Referring to charging someone $5000 for something they could do on their own for $25... You see, Ecuador is t...

real-estate-marketing-domenick-buonamici

Nov 14-15, Latin American Real Estate Marketing Conference

 

Category: Investor News + Analysis | Listed: October 28, 2011

Want to learn how to sell property to foreign investors... fast? Now you can if you take a moment to learn the secrets of experts from the US, Argentina and all over Latin America. In ...

mangrove-ecuador

The Only Place in Ecuador High-rollers Want to Be…

 

Category: Ecuador Q&A, Investor News + Analysis | Listed: October 12, 2011

This week I'm checking in from a land of snow-white beaches, turqouise water, and palm trees draped out over the ocean, its the ONLY place in Ecuador like it, and the ONLY place true high-rollers ...

galapagos-turtle-ecuador

Tourist Numbers Jump in Galapagos 2000-2010

 

Category: Ecuador for Investors, Investor News + Analysis | Listed: October 9, 2011

As reported recently, in 2010 173,296 tourists entered Galapagos, compared to a mere 68,856 that entered in 2000, an increase of more than double in less than a decade. In 2010, Galapagos gen...

mangrove-ecuador

Ecuador Cracks Down on Galapagos Illegal Immigration

 

Category: Ecuador for Investors, Investor News + Analysis | Listed: October 8, 2011

As mentioned this week in El Comercio, since August Ecuador authorities have deported 703 Ecuadorians back to the mainland, which proves that although Galapagos is part of Ecuador, many things, li...

hacienda-in-cuenca-for-sale

Cuenca… buy or sell? Market update Oct ’11

 

Category: Ecuador for Investors, Investor News + Analysis | Listed: October 2, 2011

I know what everyone else is saying on the net… Cuenca? Now? Buy, buy, buy, buy, buy! Yeah, whatever… I’ll let the other guys hype the place up, they’re doing a great job, I’ll ...

Price and Demand of Used Cars Increase in Ecuador

 

Category: Investor News + Analysis | Listed: September 30, 2011

Due to the recent hike in import tariffs on new cars of 5-18% used cars are now in greater demand, and have increased in price roughly 10% compared to the beginning of this year according to the local...

The Ecuador Economy the Last 5 Years

 

Category: Investor News + Analysis | Listed: September 29, 2011

According to the Ecuadorian Monetary Fund, Ecuador is expected to grow by 5.24% in 2011 while the rest of Latin America is expected to grow by roughly 4%. In 2010 the Ecuador Economy grew by 3.6%...

Anti-Monopoly Law Passed in Ecuador

 

Category: Ecuador for Investors, Investor News + Analysis | Listed: September 28, 2011

A new anti-monopoly law was passed this week in Ecuador which supposedly will try to regulate the illegal monopolies that control specific sectors and it hopes to better protect Ecuador consumers. ...

Slow Gains in Telephone Penetration in Ecuador

 

Category: Investor News + Analysis | Listed: September 27, 2011

According to the National Census Board in Ecuador, in 2010 only 33.4% of households had access to a land-line telephone, while in 2001 the figure was 32.2%. Many have replaced their land-line in ...

2011: More Homes Have Electricity in Ecuador

 

Category: Investor News + Analysis | Listed: September 26, 2011

According to stats released by the national Census Board of Ecuador, in 2010 93.2% of residences in Ecuador had access to electricity, while in 2001 only 89.7% had electricity. And to get notified ...

Ecuador Social Security Agency (Biess) Gives $318 Million in Mortgages

 

Category: Investor News + Analysis | Listed: September 25, 2011

The Ecuador Social Security agency (BIESS) has reported that it has given $318 million in mortgages to Ecuadorians in its first six months of existence. In August alone 67 million dollars was loa...

Family-Size Changing in Ecuador, Effects on Housing Market

 

Category: Investor News + Analysis | Listed: September 25, 2011

According to the National Census Board of Ecuador, the average family size in Ecuador hs decreased over the last decade from 1.8 children per home in 2001 to 1.6 in 2010. Additionally, the % of mar...

Anti-Monopoly Law Being Pushed Through Ecuador Assembly

 

Category: Investor News + Analysis | Listed: September 22, 2011

According to a recent census, 90% of the sales in Ecuador are made by 1% of the businesses. This called the attention of Ecuador administrators which have begun the process of pushing through an anti-...

2011 Housing Deficit Announced in Ecuador

 

Category: Investor News + Analysis | Listed: September 20, 2011

According to statistics announced by the local newspaper, El Universo, Ecuador has an annual housing deficit of 1 million residences, wheres construction this year only reaches a total of around 400,0...

Increase in Trash Pick-up Services in Ecuador

 

Category: Investor News + Analysis | Listed: September 19, 2011

According to stats released by the National Census Board of Ecuador in 2010 77% of Ecuadorians had access to trash collection services, whereas in 2001 the mark was 62.7%. When buying in the coun...

More Ecuadorians Opt for Apartments over Houses

 

Category: Investor News + Analysis | Listed: September 16, 2011

According to figures recently released by the National Census Board of Ecuador, more Ecuadorians are opting for apartments over houses, specifically, 70.6% live in houses versus 11.7% which live in ap...

36% of Ecuadorians Rent their Home

 

Category: Investor News + Analysis | Listed: September 15, 2011

The National Institute of Census in Ecuador recently announced that 36% of people in Ecuador rent their residence, while 64% own. That figure is up from 2001 when 34% of Ecuadorians rented. And to...

guayaquil-airport-hotels

New Expat Assistance House-B&B in Guayaquil

 

Category: Investor News + Analysis | Listed: September 12, 2011

Looking for help adjusting to life in Ecuador? Extending your visa? Finding a rental? Learning Survival-Spanish? Shipping household goods? This large Andean-style house turned Hotel-Spa is for you...

How a $50 “tip” saved me thousands – The Buying Process in Ecuador

 

Category: Investor News + Analysis | Listed: September 11, 2011

Thousands. That's what I saved last week on lawyer's fees when buying a property in Ecuador because I handled the paperwork myself. Now you can too. In Ecuador, the Title (Escritura) of a prop...

New Law Proposed to Help Protect Land Owners in Ecuador

 

Category: Investor News + Analysis | Listed: September 2, 2011

This week President Correa mentioned that he'd like to propose a new bill that will help to strengthen the penalties against 'land invaders' -or people who invade and occupy someone elses land without...

‘Secret Service’ Bill Proposed in Ecuador

 

Category: Investor News + Analysis | Listed: August 31, 2011

This week President Correa mentioned that he's going to propose a bill creating a "Secret Service" similar to that of the US which would be a special force dedicated to protecting government officials...

How 1 Expat Makes $8000 a Month in Ecuador

 

Category: Investor News + Analysis | Listed: August 26, 2011

I hear it all the time... "I'd love to move to Ecuador, but how would I make money?" This week one expat, Maria Glazman, made the local paper for her small German-style bakery in the colonial hea...

State of Emergency Declared for Ecuador Banana Sector

 

Category: Investor News + Analysis | Listed: August 25, 2011

The Ecuador government announced that for 5 weeks they will buy the un-exported banana produced by local farmers due to the decrease in international demand caused by the slowdown in the world economy...

2011 Internet Connectivity in Ecuador: Stats

 

Category: Investor News + Analysis | Listed: August 24, 2011

The government recently released a new plan that will attempt to make sure 75% of the population has access to the internet by 2017. Currently, only 23% of households and 11% of businesses in Ecu...

Ecuador Government Plans Increased Oil Drilling

 

Category: Investor News + Analysis | Listed: August 23, 2011

According to Benito Cabrera, the sub-general of oil production of Petroecuador, as stated in an article in the newspaper El Universo, Ecuador will produce 58 million barrels of oil annually by next ye...

Disloyal Real Estate Agents in Ecuador

 

Category: Investor News + Analysis | Listed: August 22, 2011

This week, a few words from a movie (Training Day) came to mind as I sat with a real estate agent on the coast of Ecuador. "You Disloyal M***** F*****". But this time, I was on the positive end...

New Discussion Forum for Expats in Ecuador

 

Category: Investor News + Analysis | Listed: August 18, 2011

This week I'm pleased to announce the new discussion forum for expats located on this site here. Or access it from the link "Expat Q&A Forum" in the upper left hand corner of this site. Ask ques...

The Dreaded Bridge Effect in Ecuador

 

Category: Investor News + Analysis | Listed: August 17, 2011

Found it. A 2 bedroom apartment in Ecuador… new building… beautiful furnishings… good area of town near shopping… good short-term growth potential… asking price= $40,000 (similar apartme...

Inflation Rises a Bit in Ecuador

 

Category: Investor News + Analysis | Listed: August 15, 2011

As released by the National Census Board in Ecuador, the inflation rate for July of 2011 was 4.40% (if calculated annually) compared to July of the last year which had inflation (if calculated annua...

National Development Bank Tightens Micro-Loan Policies

 

Category: Investor News + Analysis | Listed: August 14, 2011

Small farmers in Ecuador are complaining about the strict policies the National Development Bank enforces... which offers credit to only those farmers who have their own land (to put as collateral) ...

Casinos Out! Vote Bans Casinos in Ecuador

 

Category: Investor News + Analysis | Listed: August 13, 2011

In the recent popular vote, Ecuador citizens decided to prohibit casinos in Ecuador. The only places that will be allowed to continue offering gaming will be a few, select large casino-hotels. Sev...

9% Increase in Tax Revenue Announced

 

Category: Investor News + Analysis | Listed: August 12, 2011

This week the SRI Announced this week a 9% Increase in the Amount of Taxes Collected in the First Semester of 2011 in Ecuador. I'm not surprised, the SRI is doing a great job of infusing fear into ...

Will the “Dreaded Bridge Effect” Lower Your Properties Value in Ecuador?

 

Category: Investor News + Analysis | Listed: July 27, 2011

This week on the Ecuador Insider's Weekly Newsletter I'll cover the "Dreaded Bridge Effect" and how it could effect your properties´ value negatively in Ecuador. Sign up below to be sure you get...

Freedom of Press Endangered in Ecuador: Correa Awarded $40 Millon in Suit Against Local Newspaper

 

Category: Investor News + Analysis | Listed: July 26, 2011

This week a judge in Ecuador awarded President Rafael Correa $40 million dollars in damages for a suit he lifted against the Universo, the main newspaper of Guayaquil, for remarks made by columnists. ...

Correa Proposes New Penal Code

 

Category: Investor News + Analysis | Listed: July 25, 2011

This week President Rafael Correa proposed a new penal code with new sentence durations per crime. He mentioned that it was important to make the distinction between more severe crimes and less sever...

This is How the Locals Get Rich from Bananas…

 

Category: Investor News + Analysis | Listed: July 20, 2011

This week on the Ecuador Insider's Newsletter we'll take an inside look at how much you can make running a banana plantation in Ecuador... a real cash cow...! Sign up below to be sure you get thi...

Electricity Subsidies to Be Eliminated in Ecuador

 

Category: Investor News + Analysis | Listed: July 20, 2011

In Ecuador, everyone's electric bills are paid half by the government, and half by the people who consume the electricity. But in a recent ruling, the government has decided to eliminate the subs...

Getting “Free” Money for Ecuador Property Investments

 

Category: Investor News + Analysis | Listed: July 19, 2011

This week I started my property hunt in Ecuador on my $30,000 skin-tight budget. First step, secure financing. The beauty of investing in Ecuador is that I actually can find a desirable investmen...

Cold Wave in South America Reminds Me Why I Chose Ecuador

 

Category: Investor News + Analysis | Listed: July 19, 2011

This week the southern countries of South America like Argentina, Paraguay and Brazil are experiencing an extraordinary cold wave. It snowed in Curitiba, Brazil. In Asuncion Paraguay it hit a record...

Conversation with Local Fishermen Reveals Problem Brewing Off Coasts of Ecuador

 

Category: Investor News + Analysis | Listed: July 19, 2011

The government of Ecuador announced this week that anyone who catches the fish "Dorado" will have to spend 3 months in prison. This law shows the government's preoccupation for the environment, a...

Traffic Problem Increases in Ecuador’s Biggest Cities

 

Category: Investor News + Analysis | Listed: July 18, 2011

In 2000 there were 290,752 registered vehicles in the province of Guayas (Guayaquil) Ecuador, now there are 620,393 according to the CTE (Comision de Transito). The traffic at rush hour in Quito a...

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