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See a new Cuenca townhouse for sale below.

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Order Fresh Ecuador Christmas roses here.

This Cuenca townhouse would make a good rental.

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There is a growing demand for Ecuador rentals.

Excerpts from a recent article in Realty Times by Phoebe Chongchua entitled “Growing Rental Market Benefits Landlords” explains why when it says:  Millions of foreclosures have turned former homeowners into renters. In fact, there’s been a nearly 34 percent increase in rentals over the last decade, according to a USA Today analysis of U.S. Census data. That means that in 2010, nearly 35 percent of occupied homes were rented.

According to USA Today, 25 cities including Baltimore, Minneapolis, Salt Lake City and Sacramento went from having more than half homeowners in 2000 to majorities of renters in 2010.

The data looked at more than 500 midsize and large cities. Significant jumps in the renter-occupied versus the owner-occupied homes occurred in Irvine, California (from about 40 percent occupied rented homes to 49.8 percent between 2000 to 2010). During that same period Philadelphia increased from 40.7 percent to 45.9 percent and Birmingham, Alabama, saw a nearly 5 percent increase to reach 50.7 percent. Baltimore, Minneapolis, Sacramento, and Salt Lake City saw major shifts from owner-occupied to renter-occupied.

The economic correction of the past five years has left many Americans unable to buy a home. Many are renting in the USA.  Many others have left America for warmer,  lower cost living and Ecuador has seen an explosion of expats.   Many of these expats want to rent instead of buy.

Plus we always recommend renting in Ecuador first… buying second.

This new Ecuador townhouse with rental potential is located at Camino del Tejar 3-83 / Cuenca close to town, shopping, banks.

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This 2 story town house is one of 3 units left in this development. Because it is still under construction you can select tile and any other upgrades.

The price is $90,000 which works out to only $55.00 per sq ft. for which you get 3 bedrooms and 2 ½ baths in 1614 sq ft.

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 this Cuenca home for sale that offers rental possibilities.

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.  The savings on just a couple of nights’ 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

The details above are from a real estate advertisement. 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.

 

 

 

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