Property for Sale in Ecuador, South America
There are no restrictions on foreign investment in real property in Ecuador, except within 50 km. of the country’s borders or coastline.
Foreigners have the same legal rights as Ecuadorians to own properties anywhere in Ecuador.
Due to the current economic turmoil some foreigners may see Ecuador as a real estate bargain. Shortage of cash from a bank account freeze is forcing many people to sell their real estate to access funds for business or living. The result has been lower real estate prices in all residential sectors and in all parts of the country. However, foreign investors are warned that because of the problems with corruption, gaining protection for property rights from the local court system has at times been complicated or unsatisfactory.
When you buy a house, apartment or land in Ecuador after the purchase has been successfully completed then, you’ll be more than able to apply for a resident visa, because you’re investing in the country. This process is carried out within a month with a good lawyer. After legalities and/or formalities (immigration process) have been completed with your lawyer, you’ll become a formal resident, being able to enter or leave the country according to the local Law.
