Foreign Property Ownership In Ecuador
Could Correa Confiscate Private Property From Foreign Investors In Ecuador? Recently a reader wrote in to...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
Infrastructure in Ecuador is improving. The government has been investing heavily in new projects. This has seen improvements in electricity, telecommunications, and transportation.
A larger percentage of their GDP goes to infrastructure than any other country in the world.
Communications and electrical service in Ecuador are state-owned and operated. These services are subsidized, so they are cheaply available to the nation.
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For many years the quality was very poor. In recent years the standard of broadband has increased a lot. Digital nomads who rely in fast internet now choose to work in Ecuador.
Looking ahead, 5G will make Ecuador a very attractive place to run an online business.
This is not for the faint-hearted. Drivers in Ecuador are far more aggressive than you would find in the U.S. and most of Europe.
The standard of roads in the big cities is fine. Many people prefer to get round by public transport, taxi or even on foot.
Outside of the cities, the highways are wide and modern. Stick to these and you will probably be fine.
Stray onto the country roads at your own peril. The roads in Ecuador, especially in the mountains, are some of the most precarious in the world. If for some reason you must take these routes, take a bus or a van with a professional driver.
Quito, Cuenca and other big cities benefit from a strong bus system. They provide an affordable and reliable way to get around.
Intercity busses are available throughout Ecuador. These are not always the most modern busses but they are fast and affordable.
Ecuador has two main airports.
José Joaquin de Olmedo International Airport in Guayaquil and Mariscal Sucre International Airport in Quito. American Airlines operates direct flights to both from the United States. Delta and United also fly direct to Ecuador.
As mentioned above, some of the mountain passes can be quite scary. If you are not good with heights consider taking a domestic flight instead.
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Read moreGetting onto the property ladder has always been one of the safest and best ways of securing long-term wealth. Buying cheap real estate overseas gives you another level of security and diversification. By purchasing property abroad, you have added safety should the U.S. market fail. Especially in 2024, when the strength of the U.S. dollar makes overseas property great value for money. Unlike stocks and shares, real estate is a tangible asset you can enjoy. Buy real estate in a...
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