Real Estate in Cuenca, Ecuador

"Through the internet we found a person whom totally misrepresented the rental market, however not knowing we were taken advantage of," remarked one member in Cuenca.

"We made an exploratory trip months before we decided to come and live in Cuenca, Ecuador. We did not really choose the neighborhood we just found the apartment absolutely fell in love with it and the price was just right and the view and everything. It seemed like a good neighborhood as well and we bought it within two weeks of being in this country. To date 18 months later we are still very very happy with our purchase. We have since found it is a great neighborhood close to all amenities but far enough from the centre of the city," explained one expat living in Cuenca, Ecuador.

"We are in a B&B and not typical as apartments are every where. You just don't know until you get here," said one expat in Cuenca.

"We live in a large two bedroom two bathroom apartment with views to the mountains and over the river. Yes there are expats in other buildings but we did not come here to live with expats............although we love bumping into them. We only have one other couple (expats) who live in our building. The rest are locals and lovely people and they have accepted us with open arms," remarked one member in Cuenca.

"A typical expat home or apartment in Cuenca, is typically modern and comfortable. Most expat homes and apartments feature amenities such as high-speed internet, flat-screen TVs, and air conditioning. The interiors are usually spacious, with plenty of natural light due to the abundance of large windows and balconies that overlook the surrounding city. Most of the properties feature modern kitchens, with stainless steel appliances and granite countertops. Many are equipped with plenty of storage closets and bathroom amenities, such as a tub, shower, and washer/dryer," explained one expat living in Cuenca, Ecuador, Ecuador.

"Cuenca neighborhoods, unless you only walk everywhere, are not as significant in Cuenca as they are in other cities AND other countries. The expat population (especially the 50% from North America, is not significant enough to make a difference and the safety factor does not vary to the point where is means much. A section of the city's west end is dubbed "Gringolandia" with the Cuenca's largest condo (18 stories) called "The Gringo Palace", But upon investigation, it has only a 10% ownership of foreigners..with the rest Ecuadorians. The neighborhood has a much lower percentage of gringos. However, there are other reasons to investigate where you rent or buy in Cuenca that are not obvious, like bus and grocery proximity. I recall a lovely American couple who arrived and immediately rented in the small Red Light District. (Municipally-regulated prostitution is legal in Ecuador) When they found out more about the neighborhood, they remarked they enjoyed all the happy faces around them," said one person in Cuenca.

"Housing cost are substantially less than at home. We are moving into a real mansion with full use of the house and our own bath for $210 mo. $200-350 mo is very available. We were taken the first mo. at $550mo and was much less quality. Actually it was horrible," explained one person living in Cuenca, Ecuador.

"The average cost of housing in Cuenca varies depending on the size, location, and condition of the property. Generally speaking, monthly rents for one-bedroom apartments within city limits average around $200 - $450, while monthly rents for two or three-bedroom apartments within city limits average around $300 - $800. Long-term rentals for a house with three or more bedrooms in Cuenca usually start at around $450 - $800 per month," said one expat in Cuenca, Ecuador.

"I rent a two bedroom, two bathroom condo on the 11th floor on the Rio Tomebamba. 24-hour security guards, underground parking I pay $300 a month for rent, gas $8, water $10, cable $52, internet $34 and security is $50," said one person in Cuenca.

"Deciding to buy or rent a home in Cuenca ultimately comes down to individual circumstances and preference. If you are planning to stay in the area for an extended period of time, it may make more sense to purchase a property, as the process of purchasing property can be a more attractive long-term financial solution. However, if you are intending to stay for a short duration, you may prefer the flexibility of renting a property. Ultimately, whether to buy or rent a home in Cuenca, Ecuador is a personal decision," remarked one foreigner who made the move to Cuenca, Ecuador.

"1. It is important to research the area you are interested in buying property in, to ensure it is safe and has the amenities you need. 2. Make sure to hire a reputable lawyer to help you with the legal aspects of the purchase. 3. Be aware of the taxes and fees associated with buying property in Cuenca, such as the transfer tax and registration fees. 4. Consider the cost of living in the area, as well as the availability of public transportation and other services. 5. Make sure to inspect the property thoroughly before making a purchase, to ensure it is in good condition and meets your needs. 6. Be aware of the local laws and regulations regarding property ownership and rental agreements. 7. Consider the long-term implications of buying property in Cuenca, such as the potential for appreciation or depreciation in value," explained one foreigner living in Cuenca, Ecuador.

"Yes, foreigners are allowed to own property in Cuenca. According to Ecuadorian law, foreign citizens are allowed to purchase and own real estate in the country, including in Cuenca. The process of purchasing property is relatively straightforward and can be done through a lawyer or real estate agent. Foreigners are also allowed to obtain a mortgage in Ecuador, although the process can be more complicated," said one person in Cuenca.

"Rental properties in Cuenca typically include a refrigerator, stove, oven, washing machine, and dryer. Additionally, some properties may include a microwave, dishwasher, and other small kitchen appliances," said one foreigner living in Cuenca, Ecuador.

"Expats can search for homes in Cuenca by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. Additionally, expats can attend open houses and visit neighborhoods to get a better sense of the area," said one in Cuenca.