OFFPLAN NEWS

(08.08.2007 )
Properties for sale Ecuador Real Estate Bargains in Ecuador's High Andes

Colonial Cuenca is the cultural heart of Ecuador - yet buying property in Ecuador here remains a bargain.
 
Breath-taking scenery, world-class crafts, a thriving indigenous culture, and year-round spring-like weather…the Ecuadorian Andes is one of the most spectacular stretches of terrain on Earth (at Cayambe, it is the only place on the planet where the equator crosses a glacier).

Plus, with some of the lowest property prices in a country that's already one of the cheapest in the world, this part of Ecuador is growing increasingly popular with real estate buyers and expatriates.

Otavalo, an hour-and-half drive north of Quito, is surrounded by emerald peaks, and offers the largest indigenous market in Latin America. The region is famous for its highly skilled artisans who create leather, wood, and textile products. North of Otavalo, the town of Cotacachi, known for its leather crafts, and San Antonio de Ibarra, renowned for its woodwork, are major draws for tourists. San Antonio is famous for the intricately decorated carvings of saints which the town supplied to French and Spanish Catholic churches in the 18th and 19th centuries.

A popular small development that has attracted a number of North American and European investors to the area is San Miguel in Cotacachi, a project created by an Ecuadorian and Canadian. Lots that are close to downtown with spectacular views of Vulcan Cotacachi start at $20,000; houses begin at $65,000.

Cuenca, in Ecuador's southern Andes, and the villages surrounding it, form another center of craftsmanship that rivals the Otavalo region. The area produces jewelry, leather, textiles, furniture, and ceramics. Within an hour's drive of Cuenca, you'll find the charming jewelry town of Chordeleg, famous for its filigree silver and gold jewelry, and the village of San Bartholome, said to produce some of the best handmade guitars in the world. Cuenca, which produces many crafts of its own, has become the center of the Panama hat trade, as production has moved from the coast to the Andes.

Cuenca itself is known as the cultural heart of Ecuador, having produced many of the country's great artists and writers. Although the city's metropolitan population approaches 450,000, the colonial center of the city retains a charming small town flavor. Many of the city's old colonials have been restored into hotels, restaurants, coffee shops, and clubs. Their charming fronts are painted in lively colors, their balconies overflowing with flowers.

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