Real Estate in Guayaquil, Ecuador

"Fortunately, my company hired a relocation firm. Sanborondon is the upper class, safe, and happening nearby suburb of Guayaquil. It was almost a given that I would live there as an expat with Company-provided housing. The Company also hired a realtor for us who helped with our search options (furnished, gated community, 3 bdrms, spacious, pool). Newspaper ads weren't very helpful at all. Word of mouth or realtors are the way to go," remarked one member in Guayaquil.

"Researching and finding a place to live in Guayaquil is a challenging but possible task. There are a number of options available, including short and long term rentals, as well as purchasing property. You can search online for places to rent or buy, or you could find real estate agents that can help you explore options in the city. Additionally, there are many neighborhoods and areas in Guayaquil you can research to understand their unique amenities and offerings. It is recommended that you visit a few of these areas and get to know the city before making a decision. Additionally, asking around online or in person can be a great way to gather local knowledge that may help you make an informed decision on where to live," explained one expat living in Guayaquil, Ecuador, Ecuador.

"I live in an apartment within an 8 unit building (tower) within a gated community of about 20 towers. Ideal mix of privacy and neighborly acquaintances. I don't know what the house/apt mix is, but I would imagine expat families with kids go for houses (in Sanborondon, Los Ceibos, or Via la Costa) and expat singles and couples go for apts. The houses in Sanborondon are usually huge, expensive, and not many to rent," explained one person living in Guayaquil, Ecuador.

"Expat homes and apartments in Guayaquil tend to have modern amenities and decor, which can include air conditioning, spacious bedrooms, and full kitchens. They are often located in newer developments and are well kept. Public transportation links are often close by, making the area convenient for commuters. Expats can choose from a variety of housing options, from renting an apartment in a gated community to buying a single-family home in a suburban neighbourhood. Many expat apartments come with access to community amenities such as a pool, sports court or even a gym," said one expat in Guayaquil, Ecuador.

"I am originally from New york City. NYC is expensive but you get little space. Economically, would say the same, but I have much more space both in and outside of the apt. The company pays $2200 monthly plus about $75 in utilities for a 3 bdroom (plus housekeepers room), 5 bath furnished apt. The community has ample green areas, soccer field, tennis court, several bbq grills and villas, basketball court, an adult and kiddie pool, and a ballroom for gatherings. The only thing missing is a gym. Average for Sanborongon is about $1300/month. Urdessa, Ceibos go for about $900, but not as nice," said one expat who made the move to Guayaquil.

"The average cost of housing in Guayaquil is dependent on the type and quality of housing, but in general, prices range from moderately affordable to high-end. Rentals vary greatly, with smaller spaces and apartments in the more affordable range while larger houses with luxury amenities may cost significantly more. Overall, housing costs in Guayaquil have been generally stable, although there are occasional fluctuations in market value," explained one foreigner living in Guayaquil, Ecuador, Ecuador.

"Buying a home in Guayaquil can be a good option if you plan on staying in the city for a long period of time. With historically low interest rates, the cost of financing a home can be quite affordable. If you are new to the area and still unsure of where you want to settle down, renting a home can be a more attractive option. Renting also requires fewer upfront costs and more flexibility as you get to know the city. Ultimately, it depends on your individual situation and your goals for the future," remarked one foreigner who made the move to Guayaquil, Ecuador.

"1. It is important to research the area you are interested in buying property in, as some areas may be more desirable than others. 2. It is important to understand the local laws and regulations regarding property ownership and taxation. 3. It is important to hire a reputable lawyer to help you with the legal aspects of the purchase. 4. It is important to understand the local market and the current prices of properties in the area. 5. It is important to understand the local infrastructure and amenities available in the area. 6. It is important to understand the local customs and culture when buying property in Guayaquil. 7. It is important to understand the local banking system and the availability of financing options. 8. It is important to understand the local real estate market and the availability of properties. 9. It is important to understand the local rental market and the potential for rental income. 10. It is important to understand the local economy and the potential for capital appreciation," said one expat in Guayaquil.

"Yes, foreigners are allowed to own property in Guayaquil. According to Ecuadorian law, foreign citizens are allowed to purchase and own real estate in the country, as long as they have a valid visa and a cedula, which is an Ecuadorian identification card. Additionally, foreign citizens must register the property in their name with the local municipality. The process of purchasing property in Ecuador is relatively straightforward and can be done with the help of a local lawyer," remarked one foreigner who made the move to Guayaquil.

"In Guayaquil, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Additionally, some properties may include a microwave, dishwasher, and other small appliances," said one person in Guayaquil.

"Expats can search for homes in Guayaquil by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. Additionally, expats can attend open houses and visit neighborhoods to get a better sense of the area," remarked one foreigner who made the move to Guayaquil.