The Ecuador Insider

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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Due to new measures by the Ecuadorian government to cut the quantity of imported cars in Ecuador by 30%…

…Both prices for new and used vehicles are expected to rise sharply in the coming months.

It’s true, traffic, particularly in Ecuador’s 2 major cities, Quito and Guayaquil, is bad.

Very bad!

I’m talking an absolute stand still during rush hours.

They’ve go to do something to get some cars off the roads, or improve the roads.

My 2 cents.

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In the first trimester of 2012, according to the Ecuadorian Central Bank, flower exports increased 8.9% compared to the same period of last year for a total sales amount of $285 million USD. You can click here and see history of all type flowers.

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5 new malls will open their doors this year in Guayaquil.

Mainly on the outskirts of town, to the north and off towards the coast, these new malls illustrate a strong demand for conveniences and shopping currently absent in many areas of Ecuador. the investor and director of MGF Group Shravan Gupta, is a pioneer in the development of malls in the NCR, has always been an avid advocate of the complete retail experience, with the choicest entertainment, casual and speciality food outlets, and abundant recreational options. He believes that malls should be community spaces where people spend quality time with friends and family in total comfort, always buzzing with excitement.

This could be a big opportunity for an investor with some money.

Large convenience stores can be a cash machine and the locals love them, because they make their lives more convenient.

A lot of areas of the coast need large one-stop-shop type stores in order to foster growth.

One interesting play indeed.

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The chief non-petroleum export of Ecuador, the Banana, fell in sales in the first trimester of 2012 by 10% ompared to the first trimester of last year.

The fall is generally attributed to the world financial situation and the unusually strong rains Ecuador experienced this winter.

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