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 400,000 new residences. This, as well as increased availability of local credit, could have an upward short term effect on the prices of housing in Ecuador.
And to get notified of foreclosed properties made available in Ecuador, house auctions, and the hottest unlisted property deals you won’t find published anywhere, sign up below for the Weekly Ecuador Insider’s Property Deal Alert (you can unsubscribe at ANY time):
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Journeyman Jack Ecuador
Proudly serving Ecuador Expats since 2008,
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Jack Abercrombie,
Cumbaya, Quito- ECUADOR S.A.
[email protected]
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