Manta ark jumping12/27/2023 ![]() For the already built condos and such – that market seems to be solid – there is an increasing demand for rental properties as word gets out about Ecuador, but there still is the hassle of being an absentee landlord so far away. Few rules and regulations and that combined with a country that has had such political instability, I think I would want to have a few more years of proof that this boom is sustainable and practical before putting my money is a speculative project. It is that Wild West thing that does scare me about this place. I didn’t see anything I wanted to buy – even so I know for sure that in 10 years or maybe even 5, I will be kicking myself for not investing in Ecuadorian Real Estate while it still was the Wild West. Very similar styles of stilted housing suitable for the heavy rains prevalent here. Still very much the simple life I saw in Cambodia and Laos. Not poor as in starving, but much of the population is still living in simple bamboo type shacks without water or sewage systems and I think many still without electricity. Many are for locals – the government has a push on to provide subsidized housing for citizens – this is still a very poor country and that is evident as soon as you get into the rural areas. Everywhere the infrastructure is developing – bridges, roads widened and paved and everywhere new housing developments popping up. I can see the value in buying now as the beaches are spectacular, clean and pristine. They have a huge multimillion dollar project on the go a few hours down the coast and Carolyn spent the day with them and some clients viewing that one. Chantal and Gilles, originally from Quebec, have recently opened a Remax office in Manta, and Carolyn, a Remax person herself was interested in seeing what they had going. One day with a friend of Bonnie’s and another day Carolyn went out with the Remax agents we met in Manta. We went on a couple of real estate sojourns outside of the city to look at a few projects in the making. Another small world story – turned out one of the couples were Carolyn’s neighbours in Chester mere and they had both lived out there for 20 years or so and have never met before – they had to come to Ecuador to meet! It seemed she knew everybody and we were lucky enough to meet many fine friends of hers including a two couples from Calgary. ![]() Our next door neighbour, a lovely woman named Bonnie, originally from Georgia, was our connection to the expat community.
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