Many new expats in Ecuador gaggle over how cheap the rents are here. A property management company is also a great choice if you are letting property in the UK, there is a really good property management company in Hampshire that we have used and were really good so they are definitely worth a look if you’re in that area.Yet are unpleasantly surprised by how pricey the same properties are to purchase.
It’s true. It often doesn’t add up.
But there are some opportunities here to make a nice rental return on a purchased property, you can find a property to rent in Spain here.
So far, I have one of the best returns I have seen in Ecuador renting in Guayaquil short-term.
I keep the place very booked (at least 90% occupancy).
It’s a 1 bedroom suite in a nice building with good location I paid $75,000 to purchase.
After I pay the $123 condo fee and $60 or so monthly electric bill there remains around $1000-1200 a month profit.
And I rent for just around $40-50 a night.
That’s about a 16-19% annual return.
Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,
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