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See why this Cuenca Ecuador home for sale can help earn in Ecuador.

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Rentals are rising from the ruins.

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From November 5, 2011 Economist article linked below “Rising from the ruins”

This site has promoted the idea of investing in necessities at this time… food… agriculture… shelter.

This site has always promoted the idea of having assets in more than one country.

This site has always promoted the idea of investing in Ecuador.

So how about rentals in Ecuador?

But first let’s look at why rental opportunities in North America must grow.

Excerpts from a November 5, 2011 Economist article “Rising from the ruins” explains why” The housing market still looks grim, but the rental side hints at recovery

THERE are two things everyone knows about American economic recoveries. The first is that the housing sector traditionally leads the economy out of recession. The second is that there is no chance of the housing sector leading the present economy anywhere, except deeper into the mire. In the two years after the recession of the early 1980s housing investment rose 56%; it is down 6.3% in the present recovery. America is saddled with a debilitating overhang of excess housing, the thinking goes, and as a result is doomed to years of slow growth and underemployment.

The economic landscape is unquestionably littered with the wreckage of the crash. Home prices languish near post-bubble lows, over 30% below peak. The plunge in prices has left nearly a quarter of all mortgage borrowers owing more than the value of their homes; nearly 10m are seriously delinquent on their loans or in foreclosure. The hardest-hit markets are ghost neighbourhoods, filled with dilapidated properties. Housing markets are far from healthy. Yet current pessimism seems overdone. A turnaround in sales, prices and construction may be closer than many imagine.

Rental markets, by contrast, look far stronger. America’s rental vacancy rate stood at 9.8% in the third quarter of 2011, down from a high above 11% in 2009. Vacancy rates in some cities are strikingly low—2.4% in New York City, for instance, and 3.6% in San Francisco—which translates into rising rents. Nationally, rents rose 2.1% in the year to August, in stark contrast to house prices (see chart 2).

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Strength in the market for rentals is beginning to seep into the more troubled owner-occupied sector. Rising rents help housing markets heal on both the supply and demand side, by encouraging renters to consider buying and through the movement of supply into the rental market, easing the glut of houses for sale. The Obama administration hopes to take advantage of better rental conditions to unload some of the more than 200,000 foreclosed-on homes held by the two government-sponsored mortgage giants, Fannie Mae and Freddie Mac, and the Federal Housing Administration (which account for roughly half of all such inventory), on to investors who may rent the properties out.

Rental-market strength is also rousing a long-dormant building industry. New housing starts rose 15% from August to September of this year, driven by a 53% surge in new structures containing five units or more. In the three months to September construction employment rose by 29,000 jobs. The sector is still some 2.2m jobs below its pre-recession peak, and new hiring there would help a dismal labour market.

So  why not own Ecuador rentals?

A reader just sent me this note:   Hi Gary, I am a bit disappointed in finding so few rentals from your subscribers. I am moving to Ecuador in May 2012 and want rentals to choose from. How can you make this better for renters? Thanks.

My reply was that Ecuador rentals are really tight.  We personally have five Ecuador rental units  and have had over 75 inquiries for the winter of 2012.

Cuenca especially has a great rental demand now and here is a Cuenca Ecuador home for sale that offers rental possibilities.

This is a great single family house located in a small gated community close to Mall del Rio.

The Mall del Rio is the largest of three Cuenca shopping centers (Millennium Plaza and Coral Centro are the other two) and has a large multi-screen theater, bowling alley, huge food court, and over 140 other stores with apparel, electronics, entertainment and any food cravings you may get.

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Mall del Rio

The house is just over 3,000 square  feet with a nicely landscaped yard of 4,000 square feet.

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This home includes a very comfortable solarium.

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The house has 3 bedrooms, 2 ½ bathrooms and a separate maid’s quarters, hardwood floors throughout in a nice open floor plan.

Price: $180,000

Ecuador Living Club members can obtain contact details at the Club password protected site.

See how to become an Ecuador Living Club member here

Ecuador Living Club members receive discounts on Cuenca hotels. 

Our experience can help you when you travel to Ecuador. A reader just sent this note: Merri: Your information is priceless and why we joined the Living Club in the first place. Who would know otherwise? Can you book us a room at the Stubel then for the 15th of Feb? We will be arriving on LAN at 8:45pm from Cuenca.

The savings on just a couple of night stay exceeds the club membership fee.

In Cuenca two hotels offer discounts to our readers. El Dorado and Villa Nova Inn.

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Hotel El Dorado

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Villa Nova Inn

See how to learn about Ecuador in the USA and more as you save

Learn how to place Ecuador rental advertising

Learn how to place Ecuador real estate for sale ads

We DO NOT investigate properties when they are advertised so be sure to complete your due diligence and always use an independent Ecuador attorney who represents you (not the seller) when you buy real estate in Ecuador. Also we want to be sure that you check the claims of the developer/seller and make sure that you are satisfied. We also recommend that you rent before you buy and become familiar with Ecuador.

Cuenca Real Estate Tour

Cuenca real estate offers excellent quality and value for expats in Ecuador. Here is a shot of downtown Cuenca.

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Downtown Cuenca

Ecuadorliving.com was the first website to recommend Ecuador real estate nearly two decades ago and we continue to assist Ecuador Living Club members in arranging Ecuador tours as the most efficient way to learn about Ecuador’s real estate market.

Ecuador real estate markets have evolved to the point that group tours are counter productive. When Ecuador Living began,  there was not enough property… easily reached… for sale.   Little English was spoken and the properties were often hard to reach and spread far apart.

Ecuador real estate group tours helped readers reach these properties.

Today there are many properties and group tours can inhibit zeroing in on specific wants and needs.

Ecuador Living’s Real Estate Tour service helps its members create custom tours that fit each person’s schedule and particular desires.

The personalized tours are like AAA Trip Tics and help in three ways.

#1: The dates of your tour can be set to fit your schedule.  Ecuador Living makes sure you don’t book a tour on holidays or times when you would not be able to see property.

#2:  The tour service helps you zero in on your particular needs in real estate so you do not want to spend time viewing properties that are not of interest to you.   Once we have your tour dates and specifications, we contact brokers, developers and sellers of real estate in advance to help focus your search.

#3: You can turn these tours into adventures and overall Ecuador introductory tours so you see many different areas of Ecuador as you wish.

Ecuador Personalized Real Estate Tours are the most efficient and inexpensive way to get an overall view of Ecuador real estate.

Because we are publishers who owe our loyalty to our readers and not real estate agents, you can be assured that the tours are based on your wishes, not on any broker’s desire to sell a specific property.   Ecuador Living does not participate in any proceeds, commissions etc. from real estate sales.

For example if you only want to view farms with acreage and want to see farms in three areas… such as Cuenca, Imbabura and the coast we can help you organize a tour for this.

A recent article entitled “Building a charming destination”  by Paola Vellejo in the Bienes Raices Clave (Key Real Estate), Ecuador’s leading real estate magazine shows how experienced we are in Ecuador real estate.

You can see this article below.

Organizing the tour is a three step process.

#1:  This is a service unique to our Ecuador Living Club members.  To begin, become a member here.

If you are already a member please go to your password protected page at the link below.

#2: Once you have enrolled please use the real estate tour page to describe your real estate needs and email to us.

#3: We will research the trip… airfare and internal travel costs… hotel… food… guide and time required for each aspect of the trip.

To begin the set up of your tour please join the Ecuador Living Club here.  

Existing members please go to your password protected page.

The article entitled “Building a charming destination”  by Paola Vellejo in the Bienes Raices Clave (Key Real Estate), Ecuador’s leading real estate magazine shows how experienced we are in Ecuador real estate.

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A translation of the article says:    In conversation with Britain’s Steve Marchant, familiar with the housing boom of Cotacachi, you can see the origin of the phenomenon of its growing popularity as a destination for retirees is the result of the sum of a series of coincidences that inevitably arise from one person: Gary Scott.    Scott was the spark that ignited the housing boom of Cotacachi for retirees.

You can read that article in Spanish here.

See a Google translation to English of the article here.