Real Estate in Manta, Ecuador
Last updated on Feb 16, 2024
Summary: The most desirable neighborhoods in Manta, Ecuador are Eloy Alfaro, Eloy Alfaro Norte, Eloy Alfaro Sur, Eloy Alfaro Este, Eloy Alfaro Oeste, and Eloy Alfaro Centro. The average cost to buy a nice 2 bedroom home in Manta is around $100,000 USD, while a nice 3 bedroom home can cost around $150,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and a kitchen. Foreigners are allowed to purchase property in Manta, however, they must obtain a visa and register with the local government. Expats should search for a home to buy in Manta by researching the local real estate market, visiting the area, and speaking with local real estate agents.
How do I find a place to live in Manta?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One way to find a place to live in Manta is to search online for rental listings. Websites such as Encuentra24.com, VivaStreet.com, and Craigslist.org are good places to start. Additionally, you can look for rental postings in local newspapers or ask around in the community for recommendations. You can also contact local real estate agents who specialize in rental properties. Finally, you can visit the city in person and look for rental signs posted in the windows of buildings," remarked one member in Manta, Ecuador.
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What is a typical expat home or apartment like in Manta?
"Expat homes and apartments in Manta typically feature modern amenities and are located in secure, gated communities. Many of these homes and apartments have access to a variety of amenities such as swimming pools, gyms, and other recreational facilities. Expat homes and apartments in Manta are typically spacious and well-maintained, with large balconies and terraces that offer stunning views of the ocean. Additionally, many of these homes and apartments come with access to private beaches and other outdoor activities," remarked one foreigner who made the move to Manta, Ecuador.
What is the average cost of housing in Manta?
If you are thinking about moving to Manta, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Manta varies depending on the type of housing desired. Generally, rental prices for apartments can range from moderate to expensive, with a one-bedroom apartment typically ranging between $300 to $600 USD per month. Single-family homes and luxury apartments tend to be more expensive, averaging between $400 to $1,000 USD per month," remarked one foreigner who made the move to Manta, Ecuador.
Should I buy or rent a home in Manta?
If you have not spent a lot of time in Manta, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Manta can be a great investment. The city has a vibrant economy with a range of job opportunities, and the cost of living is relatively low. However, it is important to weigh the pros and cons before making a purchase. Renting offers more flexibility, with shorter contracts and the ability to move quickly if needed. Furthermore, the upfront costs are significantly lower for renting compared to buying. Ultimately, it is important to consider your individual needs and financial situation before making a decision," remarked one foreigner who made the move to Manta, Ecuador.
What do I need to know when buying property in Manta?
When we asked expats what advice they would give a foreigner before buying a property in Manta, they said:
"1. It is important to research the area you are interested in buying property in, to ensure it is safe and has the amenities you need. 2. It is also important to research the local laws and regulations regarding property ownership, to ensure you are aware of any restrictions or taxes that may apply. 3. It is recommended to hire a local lawyer to help you with the legal aspects of the purchase, such as title searches and contract negotiations. 4. It is important to be aware of the local market conditions, to ensure you are getting a fair price for the property. 5. It is also important to be aware of any potential risks associated with the property, such as flooding or other natural disasters. 6. Finally, it is important to be aware of the local culture and customs, to ensure you are respectful of the local community," explained one expat in Manta.
Are foreigners allowed to own property in Manta?
When we asked expats what advice they would give a foreigner before buying a property in Manta, they said...
"Yes, foreigners are allowed to own property in Manta. According to the Ecuadorian Constitution, foreign citizens are allowed to own real estate in the country, as long as they have a valid visa and are registered with the Ecuadorian government. Foreigners are also allowed to purchase property through a corporation, as long as the corporation is registered in Ecuador. Additionally, foreigners are allowed to lease property in Manta, Ecuador, as long as the lease is registered with the local government," explained one expat in Manta.
What appliances are typically included in a rental?
We asked foreigners in Manta what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Manta typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a microwave, dishwasher, and air conditioning unit. Additionally, many properties come with basic furniture such as beds, couches, and tables," explained one expat in Manta.
Additional Information about Searching for a Home in Manta:
We asked foreigners in Manta what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats in Manta can search for homes by looking online for real estate listings, contacting local real estate agents, or asking around in the expat community for recommendations. They can also look for rental listings in local newspapers or online classifieds. Additionally, expats can attend open houses or visit local neighborhoods to get a better feel for the area," said one expat in Manta.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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