Saturday, October 22, 2011
It sounds like a steal. A one-bed, one and a half bath condo, close to the beach, restaurants and cafes, for $47,500.
It's not the size of a postage stamp. It covers 70 square meters (753 square feet). It's got a spacious open-plan layout. Better yet, it's got an ocean view.
It's not isolated or remote. The condo's located in Salinas, a small city on Ecuador's South Pacific coast. It boasts a central location, by the boardwalk. Salinas offers comfortable city living, with access to shopping, nightlife, medical facilities and even yacht clubs. The city beach and boardwalk are a great place to hang out and relax. And the beaches north and south of the city are simply stunning.
A condo of this size, in this location, for less than $50,000, is a steal. Two to three years ago, our local broker contact could find homes in this price bracket fairly easily. But today it's harder to find them. When she does, they don't stay on the market for long. Buyers snap them up quickly.
It's not just the price tag that's low. The condo fees average $50 per month. And the current owner hasn't ever paid more than $100 property tax. That's $100 per year, by the way.
As I said, condos for this money don't come on the market often these days. At only $679 per square meter, it costs less than half what you'd pay for similar condos in Costa Rica, Panama, Mexico, or Nicaragua.
If you're interested, you need to act fast. Contact the listing agent (and our local real estate contact) Amy here to get all the details.
You might also be interested in: