Saturday, November 20, 2010
This coast's soft sand beaches are undeveloped and undiscovered...for now
Dear Reader,
I'm midair as you read this, flying to Ecuador for a scouting trip. I'm checking out a promising new development on Ecuador's north Pacific coast tomorrow. If the project passes the Pathfinder test (no easy task, believe me: less than ten percent make the cut), you can expect to hear more about it in the coming weeks.
Timing my trip was tricky. With three other countries on my list for scouting trips between now and mid-December, I also faced another hurdle. Ecuador's national census takes place every ten years, with the next one scheduled for November 28. And in the same manner as the census here in Panama a few months back, nobody can leave their house until they have had a visit from a census-taker, and filled the forms out. I figured that would make traveling in-country difficult, and decided to go this weekend instead.
The other news from Ecuador this week didn't affect my travel plans. Food giant Nestle announced that they expect their sales in Ecuador to rise by 39% by 2015. Nestle says that Ecuador (in line with other South American countries) suffered less than markets in the US and Europe in the global downturn. Nestle's target is double-digit growth every year for the next five years. The company also plans to invest $415 million in the country during that same period.
A Chinese engineering firm went into partnership with a Canadian mining company this week. They have plans to develop a gold mining project in Ecuador. One mine alone holds 6.9 million ounces of gold. If the scheme goes ahead, it would provide a boost to Ecuador's economy.
Ecuador's President, Rafael Correa, inaugurated a modern oil field in the country's Amazon region this week. The field should produce 25,000 barrels a day over the next three years. Additional finds could push that figure to 42,000 barrels. The government funded the development of the oil field. It is the first in Ecuador to use environmentally friendly technology. Moreover, twelve percent of profits will go to local Indian groups.
Correa inaugurated the new Bahia bridge earlier this month, a huge milestone for Ecuador's undeveloped north Pacific coast. This $100 million project connects Ecuador's northern and southern Pacific coasts. It will open up the northern section of coast, and should boost both trade and tourism in the area.
With a new road under construction to the north Pacific coast from Ecuador's capital, Quito, and upgrades to the existing coastal highway, this location is on the move. We expect to see more residential developments here, as increased numbers of tourists and second-home buyers discover this place's quiet beauty...its ultra-low cost of living...and its unhurried, relaxed pace of life.
If you'd like to check out one of the nicest developments in this upcoming hot spot, we have an offer you won't want to miss.
Coco Beach Village is a small, private community set in the heart of this section of coast. It sits right next to a beautiful beach (a long ribbon of white sand, offset by the deep-blue Pacific), and close to a friendly fishing village called El Matal. The infrastructure is already in, and some current owners are building Mediterranean-style homes in the development. You can build here for as little as $45 a square foot. Lots start from only $52,375.
Coco Beach's developer, Larry Swenson, will help you with your in-country travel plans...and give you a travel credit and a discount...if you buy a lot in his development.
Cash buyers get a $2500 travel credit, and 5% discount on the lot price. If you need financing, Larry offers developer financing, and he'll still throw in a $1500 travel credit, and a 2.5% discount on the lot price.
Contact Larry here to get more details on the Coco Beach community, and the area. You can decide if this coast, and Coco Beach, is what you're looking for. If it is, then you can start planning your trip here. But hurry. The travel credit and discount only apply to lots reserved by December 3rd. Contact Larry today to find out more.
Margaret Summerfield
Posted Under:
Want More?
Sign up here for your free Pathfinder Alert e-letter, and we’ll send you our $50,000 Report...showcasing seven real estate opportunities for $50,000.
