Why Nobody Is Retiring To Loja (Yet)
June 9, 2014, Loja, Ecuador: Loja is emerging as the next top retirement lifestyle choice in Ecuador.
Dear Live and Invest Overseas Reader,
Big opportunities await the expat entrepreneur in Loja, Ecuador. This is a city that's just coming into the limelight as an expat destination, and the field is wide-open for creative people with pioneer spirits.
On my most recent trip to Loja, I was reminded why I like the city as much as I do. One of Loja's best features is the setting. The city is surrounded by tall, green Andean peaks, lush valleys, and broad meadows. And, as the music capital of Ecuador, this relatively small city of around 185,000 people has more than its share of arts and culture. And its laid-back, polite, and old-school values harken back to what Ecuador was like before it became such a hot expat destination.
Loja enjoys great weather, and the real estate is inexpensive, both to rent and to buy. The cost of living is also low here, lower than you'll find in any city with a comparable level of amenities. Healthcare and health insurance, in particular, are very affordable.
However, the thing that really caught my eye during this most recent trip was a handful of small business opportunities that could support and even enable Loja's eventual popularity as an emerging expat destination.