Ecuador: The Hidden Paradise Where A Couple Can Live Comfortably On $2,000 a Month or Less
Sell your winter clothes...and get ready for the adventure of a lifetime in the Land of Eternal Spring. Every cliché you've heard about living large on little...on even a retiree's budget...is true in Ecuador.
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- Population: 15,439,429
- Capital City: Quito
- Climate: Tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands
- Time Zone: GMT-5
- Language: Spanish (official), Amerindian languages (especially Quechua)
- Country Code: 593
- Coastline: 2,237 km
I walked into Susana’s home on a Saturday night… a magnificent contemporary that overlooks the city of Cuenca, Ecuador, from a hillside high above. About half of her guests had already arrived and were seated around a conversation pit that faced a stunning glass wall through which we could see an ocean of sparkling city lights below…
Miles-deep canyons with clear fresh water rushing over car-sized boulders, and green-velvet mountainsides where women in native garb tend small herds of cows and goats. Welcome to Ecuador’s mountains. From the northern city of Ibarra and the artisan villages of Otavalo and Cotacachi through the popular weekender town of Baños to the glorious southern colonial city of Cuenca, if mountain living is your preference you’ll love it here.
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A couple of years ago a friend came to visit us in Ecuador. Once here, he realized that the biggest expense of his trip was his airfare. With nice hotel rooms priced at $30 a night (including breakfast); full meals, including beverage, for $2.50; and beers for $1 or a glass of wine for $2, he was hardly spending anything to kick around the country.
When my old boss asked us if we wanted to go to Puerto Vallarta, Mexico, over Christmas week, we jumped at the chance. It was such an amazing experience we never looked back. A Christmas in Mexico with all its color, warmth and vibrancy became our new family tradition. We didn’t miss the snow. The gorgeous blue waters and the long, warm evenings saw to that.
As a member of our little group you will know that we have a strong opportunity to profit on Ecuador’s north coast. A new highway has reduced drive time from the capital, Quito, to the coast. What once took eight hours now takes three and a half hours.
We can buy a lot in Jama Campay, a “best in class” project, with a manageable down payment and monthly payments of $416.
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There may be no better place in the world right now to buy beachfront real estate than Ecuador. But don’t just take it from me. In its annual International Home Price Comparison Index, global real estate giant Coldwell Banker has named Ecuador as the lowest-priced real estate market in the world for the past several years.
As far as I’m concerned, Ecuador rocks. It may be a small country, but it has more to offer than you can imagine…great cities and quiet villages….the majestic snowcapped Andes mountains…impossibly beautiful beaches…and the glorious Amazon rainforest. Importantly, Ecuador has a low cost of living and some of the world’s lowest real estate prices.
Fourteen years ago, while on a Caribbean sailing trip, I decided that some day I would find my own place by the ocean. As time went on, that dream became ever-more important. I was sick and tired of corporate greed and useless politics in the U.S. It was time to make my dream a reality and check out moving overseas.
I am bullish on Ecuador’s north coast—and have been since 2009. It’s Ecuador’s nicest stretch of coast. And now a new highway joins the new coastal highway at Pedernales, opening up the seaside area around Jama—classic Path of Progress. It’s stunning here but real estate prices stayed low because it was difficult to get to. This coast is hotting up. An owner who got in two-and-a-half years ago has been able to resell his lot in a project I recommended. He sold for close to double what he paid. Not a bad return. Don’t worry. You haven’t missed out. This opportunity is only getting started.
A round-up of the weird and wonderful events taking place around the world over the coming months.
“A Good Base for a Single Woman” Name: Jan Hunsinger Age: 64 From: California Moved to: Cuenca, Ecuador When I told people I was moving to Ecuador, the reaction was always the same: “Why Ecuador?” I’d explain that only part of the country was “hot and steamy.” That Ecuador rises some 20,000 feet and you […]
If anyone needed a retirement rescue—it was Ron and Terresa Moore. But thanks to low-cost Ecuador, they’re enjoying a relaxing early retirement in a warm, sunny climate. They have quality health care for $133 a month. And today they “sleep like babies every night,” says Ron. Back in July 2007, Ron and Terresa were living easy. But fast forward to December 2008. After 30 years, they found themselves out of work.
I was at the International Living Live and Invest in Ecuador Seminar 2011 that wrapped up about a week ago. I wish you were there, too. We learned why Ecuador makes so much sense for anyone looking to find a way to stretch their modest savings and social security checks…and yet enjoy a high quality of life.
I’ve rarely seen such an explosion of interest and exploration in a country after one of our international events. The promise and potential of Ecuador has fired the imaginations of a huge percentage of our attendees here.
When Patrick Robinson lived in Hawaii, he made a snapshot list of what the perfect society might look like. The more research he did the more convinced he became that this place was Ecuador. One place in particular jumped out at him. But still, he wasn’t sure he should go off on this adventure. After all, he was more than 80 years old.
“In 2007, we had great jobs and were pulling down good money. Our retirement account was growing steadily,” says Ron Moore. “Then, it seemed like overnight, everything changed.” The car dealership where Ron and his wife, Terresa, were both part of the executive management team, went out of business. As the economy down-spiraled, so did the couple’s savings.
John and Sue live in Vilcabamba in southern Ecuador. Known as the Valley of Longevity because it’s such a healthy, stress-free place that residents commonly live to be 100 or more, you gotta figure it’s a very good thing that living there costs so little. John and Sue, who are right around 50 and have been retired for more than four years now, have a very long life ahead of them.
Over the last decade, we’ve explored much of Ecuador’s Pacific Coast—and one place we always enjoy revisiting is Puerto Lopez. It’s about halfway down the coast, midway between the larger cities of Salinas to the south and Manta to the north, right off the Ruta del Sol highway.
Greetings from Quito, Ecuador. In a few moments, I leave for the north coast. This is Ecuador’s nicest stretch of coast. We have the opportunity to buy lots here with monthly payments of $500 or less. Because of the new highway we’ll reach the coast by 9.30 a.m. or so. In time for morning ceviche on the beach.
I’m looking forward to seeing the improvements in the coastal highway that runs south to Canoa since I last visited. I’ll send you my full report soon on the infrastructure developments and improvements at the Jama Campay project.
In fact, while the year is winding down…my travel schedule and deal pipeline is filling up. These are exciting times.
Last week I told you about a strong opportunity we have at the Jama Campay project on Ecuador’s dramatic north Pacific Coast.
This is an “off market” deal—30 handpicked lots are only available to members of Real Estate Trend Alert. With the special member-only finance terms, we can buy one of these lots with a down payment of $15,000 and monthly payments of $416.
On Nov. 1st, 2014 you could make your last payment of $416.
It might be a palapa bar on a white-sand beach, deep-sea ﬁshing tours, a restaurant, a surf shop, importing t-bone steaks, teaching English, making cheese, exporting art work…Whatever your idea, there’s a place overseas where you can make it a proﬁtable reality. But readers ask us all the time: Where is best? That’s why we’ve put together International Living’s ﬁrst-ever Business Index.
The 21 islands of the Galápagos archipelago, off the coast of Ecuador, make up one of the world’s most famous wildlife wonderlands. There’s almost nowhere else with such an impressive blend of flora and fauna. But that biodiversity comes at a price. Just entering the park will set you back $100. And from mainland Ecuador, round-trip flights cost $300 to $400, depending on the point of departure and time of year. Then there’s accommodation, food, tours… it’s not a trip for the budget conscious. But, as I said, there’s almost nowhere else like it….
When John Curran turned 39, he decided to retire. It wasn’t that he lucked into a big bonus from work. In fact, John was a teacher from Wisconsin. But he and his wife, Sue, wanted a richer experience from life. At a time when most people are less than half-way through their working lives, John began researching retirement options…
Ecuador’s nicest stretch of coast is now accessible. Buying here can position you ahead of the Path of Progress. It’s here, in the nicest part of this 100-kilometer stretch of Pacific Coast, in a “best in class” project, that we can buy a lot from $30,000.
This is an “off market” deal—30 lots at Jama Campay are only available to members of Real Estate Trend Alert.
To evaluate our seven countries for our Business Index 2011 we consulted seasoned entrepreneurs who’ve made the move and learned the ropes, as well as worked through in-country attorneys. We asked them about visa requirements, ﬁnancing, and how easy it was to set up a bank account. They told us about local taxes, business expenses, infrastructure and the local culture for doing business, Here is what they had to say…
For International Living’s first ever Business Index we asked our in-country correspondents and a host of expat entrepreneurs what opportunities they see around them in their new homes. These gaps in the market include everything from small guesthouses to dog grooming services… read on to spot your opportunity.
If you’re falling for Ecuador, then the first thing to do is decide which visa is right for you or whether you should apply for residency. Our simple guide should help you get started.
We tell you often about the low prices in Ecuador and how a couple can live the high life for as little as $940 a month. Well, we’ve recently been in contact with lots of North Americans living in Ecuador right now. Turns out the cost of living isn’t as low as we thought…it’s even lower!
If you’re moving overseas, perhaps the most important number for you is property price. Of course, you’ll want that number to be low so that you can afford your new life overseas.
Crucita is a sleepy little beach town – a place to enjoy lazy days in the sun, swimming in the warm ocean waters or relaxing in the sand with a cold beer to hand. This beautiful little beach town is growing in popularity with expat retirees and it’s easy to see why.