Ecuador is not somewhere that is widely considered by investors, but has much to offer, not least a lifestyle that has been compared to California in the fifties.
Ecuador coastlines are some of the world’s most unspoiled and affordable, yet they still offer all the modern amenities such as shopping malls, good restaurants and medical clinics.
Little wonder then, that Ecuador is fast being discovered by overseas buyers, many of whom are from the US, lured in by the cheap cost of living and low priced property. In Ecuador it is possible to buy a retirement residency on an income of just $800 a month. This status has a long list of discounts attached, some of which can be as much as 50%, including reduced air fares, goods and services.
The city of Salinas -- Ecuador’s biggest city -- is 90 miles from Guayaquil, and is a popular holiday spot with native Ecuadorians. It has great facilities for boating including a yacht club, as well as surfing, sunbathing and fishing, and ample opportunities for fine dining in the evenings.
It has a mixture of neighbourhoods, with the north being more vibrant, while the south is quieter and more family oriented. It’s possible to buy an apartment close to the beach and an exclusive yacht club for $124,0000 which is just over $100 per square foot. The same price will buy a three bedroom, three bathroom hilltop house with ocean views in nearby Ballenita.
For just a little more ($170,000), it’s possible to buy a 3410 square feet home with five bedrooms and access to a pool, not to mention gorgeous ocean views. With prices like these it is easy to see why this place has such appeal for retirees.
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