Ecuador Economy Grew 8.6% in first Trimester of 2011

During a meeting in the Mercosur, the executive secretary of the Cepal, Alicia Barcena highlighted the behavior of the Ecuador economy so far this year, increasing by 8.6%.

This doesn’t surprise me personally, Ecuador is a country on the move, most who have been here a few years can see big differences in development in certain areas.

The current government has been great building new roads and bridges which has stimulated national tourism.

Earlier this year when I was in China, I can tell you, many business in China are well aware of this growth rate and honing in on Latin America licking their chops… they know to grow their companies they have to “penetrate” emerging markets like that of Ecuador and South America.

Over the next 5-10 years the real action (and money to be made) will be in the emerging markets (Latin America, Africa, and Southeast Asia)… you don’t have to be the best, if you’re the first.

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Approval Rates for President Correa at 76%

According to a survey of 4,231 people all over Ecuador made by the newspaper Telegrafo, approval rates are high for President Correa at an astounding 76%.

I personally have seen a sharp contrast in who follows Correa and who is against him… simply put, the “haves” are against him, and the “have nots” are for him. You know before you even ask the perosn often who they are for. It’s true he has instituted many programs that protect the rights of the working class.

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How I Got $20,800 in “Free” Money for my Ecuador Property Search

This week on the Ecuador Insider’s Newsletter I reveal how I got $20,800 in interest free money for my current Ecuador property search…

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Househunting in Ecuador with $30,000

I’m back, back in Ecuador after a few months researching property markets in Asia and the Middle East.

And I have $30,000 cash I’d like to invest in Ecuador property…

I’m looking for something I can flip within a year for a nice profit or something I can make a monthly rental income on…

And I’ll be detailing EVERYTHING I see and learn during my house hunt on my weekly Ecuador Insider’s Newsletter, sign up free below! … (you can unsubscribe at any time.)

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Uncovering Real Estate Agents in Ecuador

A lot of folks write me asking for realtor and lawyer contacts in Ecuador. But it’s actually easier than you think to locate dozens of them yourself in your desired area of Ecuador.

The trick is you’ve got to wait til you’re on the ground in Ecuador, the listings on the internet are sparse at best.

Upon arrival, once in your hotel ask the receptionist for a local yellow pages (Paginas Amarillas), yes, even the smaller towns in Ecuador have them. Then look under the phrase “Inmobiliarias” (realtors), there will probably be several agents to choose from with their addresses and numbers.

To locate lawyers, look under the term “abogados”, there should be several dozen listed. This way, you won’t feel ‘locked in’ to the couple guys you found surfing the net. And be sure to shop around a bit, the quality-of-service ranges greatly in Ecuador from professional to professional. That’s my two cents for this week on Ecuador house hunting, investing and living.

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