What’s the price of a home or condo or in Ecuador?

What’s the price of a home or condo or in Ecuador?

Cuenca is undergoing rapid growth, with many condominium projects under construction in early 2013. Purchase prices for new condos, per meter, in early 2013, are running from $975 to $1,250. The best bargains in Cuenca today are in the larger home market. Nicely landscaped, finely detailed 275 to 475 square-meter houses, in Cuenca´s most desirable neighborhoods, can be had for less than $275,000. Many of the homes have guest houses and other out buildings. Although the market for larger properties has been sluggish in recent years, the large-house sector seems poised for a rebound. The downside of larger homes is maintentance and upkeep and expenses for caretakers. Construction costs for new houses run $450 to $575 per meter, depending on finishings and architectural fees, not including land. Small buildable lots (1,000 meters or less) range from $60,000 to $100,000, depending on location. Construction prices are also a relative bargain in rural areas, with per meter costs averaging $35 to $45 USD.