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Bahia Development 2 005

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.

Dave & Miriam

Dave & Miriam moved to Ecuador in January of 2011 & have been helping expats make the transition to living abroad as smooth as possible ever since. If you are looking to rent or buy in Ecuador be sure to contact us. We promise to tell it all...the good, the bad and the ugly! Call from the US 804-858-4289; from Ecuador 098-289-6208 for Miriam or 098-285-6951 for Dave. Email us at info@EcuadorPropertyConsultants.com.

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8 Responses to Condos For Sale In Bahia De Caraquez

  1. [...] you contemplate Moving to Ecuador and all the details it entails, have faith.  There are many who have gone before you.  There is a [...]

  2. [...] area called Leonidas Plaza sits the lovely, well-kept Hostel El Farolito.  Leonidas Plaza adjoins Bahia de Caraquez giving this hostel  high visibility in an attractive area.  Downtown Bahia is only a 5 minute taxi [...]

  3. Corrie says:

    My wife and i are considering the purchase of a property somewhere in Ecuador if that is possible.
    We are an early 40′s couple from Canada looking for a vacation/ future retirement home.
    What we would be looking for is a 2 or more bedroom condo or home in a city or town close to the beach.
    We do NOT want a very large city but somewhere with some good choices in amenities, restaurants, pubs and shopping etc.
    Of main importance is safety. We would want it to be in an area where we would not have to be concerned for our safety.
    We are only english speaking as of now so that is also somewhat important.
    We would also like it to be rented when not in use by ourselves if possible.
    are there property managers that could watch over and take care of the property when un used?
    What would that cost be?
    We would prefer it to be move in ready but i am quite handy and could do some fixing up for the right price.
    But it must have the basics of running water, power etc Is it possible to purchase properties for foreigners or is it normal to rent in Ecuador?
    What areas would you recommend we consider?
    What would the cost be for property such as i am suggesting?
    Does it have to be all cash or is financing possible?
    If you could send me some properties that seem to fit my requests that would be appreciated.

    Thanks,
    Corrie Willfong

    • Dave & Miriam says:

      Corrie, you ask a ton of great questions!! We want to talk with you via Skype if possible. I will email you privately….and we can connect! Miriam

  4. Sirena says:

    Hi Dave and Miriam!
    I am coming to the coast in August and wonder if you know of any rentals on the ocean. Just one woman, no pets, no smoke. Thanks,
    Sirena

  5. Dave & Miriam says:

    Hi Sirena, I just sent you an email…..yes, I have a rental that could work for you for the month of August. Miriam

  6. michael larrea says:

    Do you know if it’s possible to finance or are they only cash buys?

    thanks.

    • Dave & Miriam says:

      Michael, on occasion the owner will finance PART of the total, but mostly it is a cash basis. Miriam

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