Real Estate in Puerto Cayo, Ecuador
Last updated on May 03, 2024
Summary: Expats and retirees talk about real estate in Puerto Cayo, Ecuador? How do you find a home in Puerto Cayo? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Puerto Cayo?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Puerto Cayo involves several steps. First, you need to determine your budget and what type of accommodation you are looking for. This could range from a small apartment to a larger house or villa. Next, you should research the different neighborhoods in Puerto Cayo to find one that suits your lifestyle and preferences. Some areas may be closer to the beach, while others may be more residential or closer to shops and restaurants. Once you have an idea of what you're looking for, you can start your search. There are several online real estate websites that list properties for rent or sale in Puerto Cayo, such as Ecuador Beachfront Property, Viva Tropical, and MLS-Ecuador. These websites allow you to filter by location, property type, price, and other features. In addition to online listings, you may also want to consider hiring a local real estate agent. They can help you navigate the local market, arrange viewings, and negotiate prices. Another option is to visit Puerto Cayo and look for rental or sale signs on properties. This can be a good way to find properties that may not be listed online. Once you've found a property you're interested in, you'll need to arrange a viewing. This is an important step to check the condition of the property and ask any questions you may have. If you decide to proceed with a property, you'll need to negotiate the terms of the lease or sale and sign a contract. It's recommended to have a lawyer review the contract to ensure your interests are protected. Finally, once the contract is signed, you can arrange to move into your new home in Puerto Cayo," explained one expat living in Puerto Cayo, Ecuador.
"We are in Puerto Cayo. It is small and I mean small. There are no shopping for groceries or luxury items. It is quiet and on any given day, I am the only person on miles and miles of beach," said one person in Puerto Cayo.
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With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
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What is a typical expat home or apartment like in Puerto Cayo?
"A typical expat home or apartment in Puerto Cayo, is often a spacious, modern property with stunning views of the Pacific Ocean. These homes usually come fully furnished, with a blend of contemporary and traditional Ecuadorian decor. They often feature large, open-plan living areas, fully equipped kitchens, and multiple bedrooms and bathrooms. Many homes also have outdoor spaces, such as balconies or patios, where residents can enjoy the tropical climate and beautiful sunsets. Some properties even have private pools or access to shared community facilities. Despite being in a small fishing village, these homes often come with modern amenities such as high-speed internet, cable TV, and air conditioning. They are usually located within walking distance of the beach, local markets, and restaurants. The homes are often part of gated communities, providing an extra layer of security for residents," said one person in Puerto Cayo.
With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
Click connect to have our partner contact you via e-mail and/or phone.
With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Puerto Cayo?
If you are thinking about moving to Puerto Cayo, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Puerto Cayo can vary greatly depending on the size and location of the property. However, generally, it is quite affordable compared to many other locations. For instance, you can purchase a modest home or condo for a price that is often well below what you would pay in many other countries. Luxury beachfront homes can be more expensive, but are still often cheaper than comparable properties in other coastal regions. Renting a property can also be quite affordable, with many properties available at a fraction of the cost you would expect to pay in other countries," said one person in Puerto Cayo.
"Much lower. We paid cash for our land and to build our house. Electric is about 100 per month. We get 2 trucks of water a month roughly and it equates to about $50/month in water. There are no other bills," remarked one foreigner who made the move to Puerto Cayo.
Should I buy or rent a home in Puerto Cayo?
If you have not spent a lot of time in Puerto Cayo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Puerto Cayo depends on several factors. If you plan to live there permanently or for a long period, buying a home could be a good investment. Owning a property allows you to build equity and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not sure about your long-term plans or if you prefer not to have the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance or property taxes. Consider your financial situation, lifestyle, and future plans before making a decision. It may also be beneficial to consult with a real estate professional or financial advisor who is familiar with the Puerto Cayo market. They can provide valuable insight and help you weigh the pros and cons of buying versus renting," said one expat in Puerto Cayo.
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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