Wednesday, September 05, 2012
This coastline is unspoiled, beautiful and seriously good value
I knew it as soon as I saw it six years ago on a scouting trip. This was the best stretch of coast in Ecuador. There was just one problem. It was almost impossible to get to.
I’d bounced along some rough and winding roads to get here. It wasn’t a comfortable trip. And I’d left the capital city, Quito, more than eight hours earlier.
Sure, this place was beautiful. I reckoned it was worth the effort to get here. But I didn’t think that mainstream tourists or second home buyers would feel the same way. The travel time certainly ruled it out as a weekend spot for wealthy locals from Quito. They’d lose most of a day driving here and back – which would eat a huge chunk of their vacation time.
Fast forward to today, and thanks to a new road the same journey now takes less than four hours. This sleeping giant of a coast is opening up to tourism and property shoppers. And those home buyers aren’t only the well-heeled middle classes from Quito buying a vacation home. Lots of foreign buyers are waking up to the potential of this coast, too.
It’s gorgeous and unspoiled. Thick forests carpet the hills and mountains. Beneath the forest canopy, anteaters forage and wild cats prowl while monkeys leap from tree to tree. Whales breed in the rich Pacific waters offshore. The ocean is the brightest blue in some places and a deeper sapphire in others. The beaches stretch into the distance.
There’s a noticeable absence of development – you won’t find high rises, bland resorts, or big business on section of this coast. That’s because it used to be tough to get here.
But there is a huge upside to this lack of development. Property prices stayed low in this area. You’ll pay up to 50% less for a beach or ocean-view home on Ecuador’s coastline than you will for similar properties in Panama or Costa Rica. And this particular piece of coast is the best-value beach location in Ecuador.
You can buy a brand-new condo in a beach community here for $87,740. The developer promises that you’ll see the ocean and feel the ocean breeze in any of the homes in the community. And you’re only a few minutes’ gentle stroll from the soft-sand beach.
This is the premier beach community in the area. When it started the buyers were Ecuadorian. Today, it’s mostly foreigners buying – Americans, Canadians and Europeans.
They fall in love with the beauty of this place. And with its low property prices…
On Friday, you’ll get the real skinny on this hidden gem, and how you can snap up a slice of it for yourself.