Ladislas. Just want to say thank you. I appreciate the fact that you are giving away so much real valuable and honest information. It's a huge value for me. I discovered you channel just about a month ago - very glad it happened. It's definitely a high quality one.
If I had the money, I would be very interested in this place. Wife and I have been searching the world for a new location and Cuenca has been at the top of the list for years now.
A beautiful property, but it only lacks an elevator! Older folks will definitely be limited to properties that have elevators when there are so many floors. Maybe you could do a presentation that is focused on the 65+ plus, especially since Veronica explained that seniors obtain significant discounts in Ecuador.
As a local, it has become a problem to see how rents are rising more and more because North Americans than come to Cuenca can afford to pay high rents, to such an extent that some tenants are not even interested in showing their apartments to people from Ecuador, many only advertise them in English nowadays. Considering the basic salary is $450, most apartments are not affordable anymore for locals and I think the same thing is happening when wanting to buy a property
@yutub266 I believe you have a point, wages will likely not rise for all Ecuadorians, but wages will rise for many once you have foreigners come in that are generating more money in the country. Those foreigners will spend most of that money in the country so it does create a good opportunity for Ecuadorian businesses to make more money, especially businesses that can anticipate the needs and wants foreigners will have. For example, I am trying to move to ecuador and buy property. I will want to hire a local Ecuadorian to help me with various things, drive me, etc. and I would pay that person at least twice the minimum wage.
One thing not mentioned in the video is the noise of the thin apartment walls, and noise from outside, so that needs to be remembered when living close proximity to the streets of the city. Those rents shown are very high, and the area offers way more bang for your buck if you just look around.
Let me open some eyes. At 60 I have watched and lived through trends. I can tell you in the future FOOD and clean WATER are going to be of paramount importance as most of the world cannot compare to Ecuador in the production of these commodities. Match that with a peaceful, family oriented historically christian culture and you may be looking at the last best place.
Is the cap rate therefore 10.5%? If so, please note that there are government-insured time deposits there some of which pay as much as 10%, etc. (But risk profiles of each bank or cooperative must be ascertained and verified carefully for the dollar amount that is actually insured).
Your videos are very informative. I just returned from two weeks in Cuenca, staying at my friend's place on Bolivar i want my friend to do a walk by. Would you give me the address of this property? I feel like we did walk right by it! I am in the States chatting with other soon to be ex-pats. Thanks Judy
What flights go international from Cuenca? The flights are one of the main issues I have with Cuenca. They are supposed to build an international airport. But I don’t know when they will start.
You said there are flights to Miami from Cuenca? What airline has that route? Avoiding Quito is big on my list as flights between Quito and Cuenca are inconveniently timed.
Well, that's a bet on some future that might or might not evolve. I've seen different properties going for rental rates of $650 near Centro that are way more opulent (albeit long term rentals), so it's another short term proposition. Should stick to where the money is really pumping at the moment, that's Medellin, then broaden to other areas, if it succeeds. Don't rate Cuenca as attractive enough, folks with some life left in them (30s-40s-50s) will be so bored eventually. It's an either/or in the area, not both, so Medellin wins. Both rely on the same train of thought and that's all I would be willing to bet on.
Medellin is great. I agree. But Medellin and Cuenca have very different target markets and demographics. They are complementary. I’d allocate more to Medellin for sure.
@@TheWanderingInvestor Fine to believe that, it's your view. I think, the target demographic of Cuenca are those people, who haven't discovered Medellin yet. All the people you mentioned in your video find themselves there as well and have far better access to the city itself. The only upside I see is the easier immigration policy of Ecuador, which could either vanish one day, or attract those, who can't make it elsewhere and those aren't your target customer. At 5.6% and apparently limited capital appreciation, it's too far- flung in 2023.
Nice place, centrally located. However, you’re already raising rents to mess it up for everyone who wants to go there to take advantage of the low cost of living. Only Americans would think like that. Please go home!
What are your best recommendations for the easiest way to get to and back from Cuenca to Canadian cities? The problem as you described it about millions of Americans leaving the US is that the potential countries they go to don't have sufficient INFRASTRUCTURE to handle so many people. Watch what happens to Canada where the idiotic Trudeau wants to bring in a million new immigrants without housing and healthcare to accommodate them!
@@TheWanderingInvestor I did, and unfortunately flights have long stopovers. For some weird reason the stopover in Quito or Guayaquil can be 15-20 hours for the one hour flight. Even via Bogotá with changes in Toronto, Houston, Denver ....
@@dovygoodguy1296 stay over in Quito for a day or two. Pretty city center. But there are multiple flights per day to Cuenca from Quito….layovers should be much less than this.
