According to the Municipal Office in Cuenca, in January and February if this year, they approved 551 building projects.
Over the same period last year in 2011 they approved 332 projects.
A view from an apartment on Ordonez Lasso in Cuenca.
Many believe the hot market is due to the loans that have started to flow from the countries’ social security system, the BIESS.
Since 2009, for the first time in recent memory, Ecuadorians have had access to reasonably priced credit.
As prices rise, it’s important to note deals can still be had, so lok well young Jedi.
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A view from an apartment on Ordonez Lasso in Cuenca.