This is a guest post by an American expat living in Cuenca since 2007.
Many expats come to Ecuador looking for a new way of life and envision themselves living in their dream home perched in a lush valley alongside a mountain stream. That is certainly an attractive vision but not necessarily in touch with reality.
Many new expats have had to settle for housing that is different from what they were expecting. It is often difficult to find that perfect mountain villa on 20 acres that everyone seems to want. For some expats, the only affordable and practical housing option is to be found in high rise apartment buildings or in working class neighborhoods, far from that peaceful valley that they had been dreaming about.
Learn more about real estate in Ecuador.
If you do happen to find your country dream home with acreage, it will no doubt come with a price tag that is more than what you were expecting. Many expats are often shocked at the prices that some realtors are asking for rentals and properties for sale here.
For example: a recent visitor from the U.S. came looking for a house with land where he could settle down with his family. A realtor took him to an area just outside of Cuenca to look an older house in need of repairs. He was dismayed when he learned that this property was being offered for $175,000, a price which is much higher than one might expect to pay for a rundown property. That is just one example of the disappointment that some expats suffer when faced with realities that are often different from their expectations.
There are affordable rentals and properties for sale to be found here, but it takes some investigation to locate them and one must have an open mind and be willing to accept housing options that are sometimes very different from what was initially envisioned.
For more information regarding rentals in Ecuador, check out the following posts: What to expect when renting a house in Ecuador
Learn more about Ecuador real estate.