Sitting at a lower elevation than Cuenca, Loja’s climate tends to be a little warmer. It also has a much smaller expat population, probably only a few dozen scattered around town and in the nearby farms, so if you’re looking for a place to live among North Americans, this is probably not for you. However, if you know some Spanish or are willing to learn, it can be a very rewarding home.
Loja is famous for its literature and arts, especially music. There are several museums and many parks in this city of about 200,000 people, and its residents enjoy free concerts every week. It is also not uncommon to see an impromptu performance in any public square.
Big enough to have lots of shopping options and great infrastructure, Loja still has a small-town feel. It is a very affordable town, with several mercados for savings on produce, meats, seafood, dry goods, and more. There are also a large variety of restaurants, most offering lunch specials for less than $5.
Housing is very affordable as well. For example, you can get a beautiful new condo with spectacular views of the mountains, just minutes from the City Gates and downtown, for only $125,000. This home is a fifth-floor unit (yes, there is an elevator) with three bedrooms, two-and-a-half bathrooms, and brand new appliances. It comes with almost 1,200 square feet of living space, plus underground parking and storage…and is fully furnished.
Not too far away is another, larger condo (almost twice as big) on the market for $170,000. This one is two-stories, with all three bedrooms and a TV room on the upper floor. The master bedroom has a great oversized whirlpool tub, and the downstairs includes a bar and an office or study.
If a house is more to your tastes, a new entry on the market might be what you are looking for. I found a two story, 1,500-square-foot home on a 1,130-square-foot lot, about a ten-minute drive from town. It too has three bedrooms and two-and-a-half bathrooms, and includes a parking garage with remote-controlled gate. There’s also a BBQ area so you can enjoy that great Loja weather. Just $130,000 makes this your new address.
There are some great rental options in Loja as well, starting from about $400 per month for a small walk-up, or choose larger, more luxuriant homes in the $800 to $1,200 range. Remember that with Loja’s mild climate, you do not have to worry about spending money on heating or air conditioning.
If you’re looking for a place with great weather, beautiful scenery, arts and music, low cost of living and an opportunity to live in the Ecuadorian culture, Loja is well worth a visit. You may just find your new home in the mountains of Ecuador.
Get Your Free Real Estate Report Now
Sign up for Your Own Home Overseas free e-letter and receive a special report “The Insider’s Guide to Buying Real Estate Overseas.”
This special report covers the 10 things you must know before buying property overseas as well as pointing you to some of the best places in the world to buy real estate…and it’s yours free when you sign up for Your Own Home Overseas e-letter below.