Condos for sale in Bahia de Caraquez
The condo market here in Bahia is vibrant and healthy, the opposite of the broken American market. I hear from people all over America that are upside down on their mortgage or can’t sell their homes. I wish I could tell you that the market in America is improving but I don’t think it is. Wouldn’t you agree? If you are considering retiring in Ecuador, there are many beautiful condos for sale in Bahia de Caraquez & this might be the best bet for you!
Bahia is unique in that most of the condos are owned by wealthy Ecuadorian’s primarily from Quito. They use them as vacation homes, coming here 3 or 4 times per year, leaving them vacant the rest of the time. What does that mean to us? It means that, for the expats, we have the condo buildings to ourselves most of the year! For example, in our building there are 34 units with only 6 condos that are occupied year round. Wahoo! Ecuador Living at its best! We have this beautiful beachfront all to ourselves, most of the time!
Are Condos For Sale In Bahia De Caraquez Good Investments?
Are condos for sale in Bahia de Caraquez a good investment? In my opinion, the answer is a resounding yes! We are seeing market appreciation here in the range of 8% -12% per year with no letup in sight. Condos for sale in Bahia de Caraquez are still reasonably priced and can be purchased in the $90,000 to $125,000 range, on average. There are exceptions, however, on both ends.
Retire in Ecuador is on a lot of baby boomers minds right now and a condo in Bahia might just be the ticket. We are finding that most people who retire here want to rent for a few months before purchasing so there is pent-up demand for condo rentals. If you are retiring in a few years, why not buy now and rent your condo out until you move down permanently? You’ll experience good appreciation as well as generate rental income. My wife Miriam is helping several expats do just that and they are very happy with their returns. To contact us for more info on rental management services, click here.
In future posts I’ll discuss the buying process and how you can be a part of Ecuador Living at its best! We’ll also feature specific Condos for sale here in Bahia de Caraquez. Have questions? Please feel free to contact me or Miriam. We’d love to chat with you!
Email us at info@EcuadorPropertyConsultants . You can book an appointment to talk directly with us one on one, or call toll free from the US 804-858-4289. Within Ecuador Contact Dave at 089-285-6951 or Miriam at 098-289-6208.