Thought you guys might be curious about the real estate market in Ecuador. To sum it up, It's Cheap!!! Our friends and neighbors Bob and & Deb took us up to take a look at Colonial El Batan, a new 14 lot development less than a mile from Cotacachi. Marcelo, the developer, is from Cotacachi and worked as an engineer with Exxon/Mobil in the U.S. for 17 years. He got tired of the rat race and decided to come home and do his own property development. The first 4 photos are of a 3,000 sq.ft. house he built for a friend and former colleague from Exxon. Going price is $45/sq.ft. which includes the lot, for a total price of $135,000. The last photo is a smaller house, approx. 1750 sq.ft., for $80,000. If you have any further interest you can check out the following link:
http://www.MoveToEcuador.com
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