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Real Estate in Cumbaya, Ecuador | Expat Exchange
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Real Estate in Cumbaya, Ecuador

By Joshua Wood, LPC

Last updated on Nov 11, 2024

Summary: The most desirable neighborhoods in Cumbaya, Ecuador are El Vergel, El Bosque, and El Condado. On average, a nice 2 bedroom home in Cumbaya costs around $150,000 USD, while a nice 3 bedroom home costs around $200,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and granite countertops. Foreigners are allowed to purchase property in Cumbaya, however, they must obtain a visa and register with the local municipality. The best way for an expat to search for a home to buy in Cumbaya is to use a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, expats can search online for properties in Cumbaya, and contact the seller directly.

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How do I find a place to live in Cumbaya?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Cumbaya is a manageable task. There are many real estate websites which list available apartments and houses for rent, such as Lamudi, Metrocuadrado, and Casas de Quito. Additionally, there are local real estate agents and sites that list locally-owned properties for rent, such as Elen Inmobilaria, ManabiRealty, and Petronotas. These websites enable visitors to easily filter properties by location, budget, and other desired features, making it easier to find the perfect place to live in Cumbaya," explained one person living in Cumbaya, Ecuador, Ecuador.

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What is a typical expat home or apartment like in Cumbaya?

"A typical expat home or apartment in Cumbaya usually features modern amenities and décor in an environment of contemporary comfort. Most homes or apartments have air conditioning, comfortable furniture, and plenty of natural light. Expat homes are typically in secure complexes with manicured green spaces and modern touches. Many homes have a terrace, garden, pool, and outdoor space that provides ample opportunity to relax and enjoy the climate. Common amenities may include a full kitchen, laundry room, and a balcony or rooftop that offers spectacular views of the city and stunning natural scenery," explained one expat living in Cumbaya, Ecuador, Ecuador.

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Click connect to have our partner contact you via e-mail and/or phone.

Ecuador Visas - Law office of Attorney Sara Chaca

With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!

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What is the average cost of housing in Cumbaya?

If you are thinking about moving to Cumbaya, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Cumbaya, can vary significantly depending on location and size. Generally, Cumbaya is affordable with several options of available apartments, condominiums and houses for rent or for sale. Prices range from relatively inexpensive for small apartments or houses in the outer areas of town, to more costly for larger apartments and houses closer to the center," remarked one foreigner who made the move to Cumbaya, Ecuador.

Should I buy or rent a home in Cumbaya?

If you have not spent a lot of time in Cumbaya, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Cumbaya, is a great way to invest and benefit from the low cost of living in the area. The main advantages of buying a property in Cumbaya, Ecuador, include the potential for capital appreciation, the ability to tailor your home to your needs, and the satisfaction of owning a property in a beautiful setting. On the other hand, some people might prefer to rent a home in Cumbaya, Ecuador, due to its relatively short-term nature and flexibility in choosing an area or home. Renting can save you a lot of money upfront, and in some cases, monthly rent payments can be lower than mortgage payments. Additionally, renting often means no need to commit to a long-term mortgage and thus more freedom to relocate if desired. In the end, the decision to buy or rent a home in Cumbaya, Ecuador, depends largely on your current circumstances, budget, and goals," remarked one foreigner who made the move to Cumbaya, Ecuador.

What do I need to know when buying property in Cumbaya?

When we asked expats what advice they would give a foreigner before buying a property in Cumbaya, they said:

"When buying property in Cumbaya, it is important to research the local market and understand the legal requirements for purchasing property. It is also important to consider the local infrastructure, such as access to public transportation, schools, and hospitals. Additionally, it is important to understand the local tax laws and regulations, as well as any restrictions on foreign ownership of property. It is also important to consider the safety and security of the area, as well as the availability of utilities such as water, electricity, and internet. Finally, it is important to work with a reputable real estate agent or lawyer to ensure that the purchase process is completed correctly and that all necessary paperwork is in order," said one foreigner living in Cumbaya, Ecuador.

Are foreigners allowed to own property in Cumbaya?

When we asked expats what advice they would give a foreigner before buying a property in Cumbaya, they said...

"Yes, foreigners are allowed to own property in Cumbaya. According to Ecuadorian law, foreign citizens are allowed to purchase and own real estate in the country, provided they have a valid visa and a cedula, which is an Ecuadorian identification card. Additionally, foreign citizens must register the property in their name with the local municipality," said one in Cumbaya.

What appliances are typically included in a rental?

We asked foreigners in Cumbaya what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Cumbaya typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and clothes dryer. Additionally, some properties may include air conditioning units and/or a water heater," explained one person living in Cumbaya, Ecuador.

Additional Information about Searching for a Home in Cumbaya:

We asked foreigners in Cumbaya what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Cumbaya by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. They can also search for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for classified ads in local newspapers and online forums," explained one expat in Cumbaya.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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