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Ecuador Cities & Real Estate: Retiring In Otavalo

Posted by re1 on June 17, 2016
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Otavalo is one of the options that you need to look into when searching for Ecuador cities to retire in. The whole country boasts of diverse landscapes and climates that you can find a perfect place that will fit your lifestyle preferences. If you prefer the hot and sunny sands of the Pacific coast, there are many coastal cities in Ecuador. But if you prefer the chilly living up in the Andean Mountains, then the highlands is your best destination.

Those who wish to enjoy a chilly environment in retirement can look forward to a great retirement life in Otavalo. This city can be found just to the north of the capital of Ecuador, Quito. It is around 50 miles north of the capital if you traverse the Pan-American Highway.

If you are a lover of the arts and crafts, then this can be your perfect haven. Otavalo is famous for their Saturday market known as the Mercado de Ponchos. It is where the local artisans and other craftsmen bring out their creations and products for selling and even viewing. This is a regular event that you can enjoy all year round.

Why Otavalo should be one of your retirement options

But that does not really address why you should choose this among the other Ecuador cities that you can retire in. Quito is near enough – why not retire there? Well that is what we will be pointing out to you here.

Being located in the Andean mountain, the city of Otavalo boasts of majestics views all around. To the south of the city lies the Lago del San Pablo, a lake that was formed when an ancient eruption cause the lava flow to block the Jatunyacu river. The valley where this city can be found has the Cotacachi volcano on one side and the Imbabura volcano on the other.

Most of the city has streets that are laid with gray bricks, a dull contrast to the views surrounding it. The buildings are mostly colored pale yellow or off white. The brown-red roof tiles speak of the Spanish heritage of the country.

With this description, you know that Otavalo will attract retirees who knows how to appreciate the rich Ecuadorian culture. Although the Mercado de Ponchos attracts people every Saturday, you can enjoy the market all week long. Most of these products are women – since the locals of Otavalo are weavers by profession.

If you are intrigued by agricultural investments, then Otavalo is the best among the Ecuador cities for you to retire in. Around the city, you will see a quilt-like patchwork of fields that bears all kinds of produce. This place has the comforts of the city with a back country feel to it.

Since the deal breaker in any location where you plan to retire in is the cost of living, Otavalo will win your heart even further. There is an abundance of fresh produce from fruits and vegetables. For only $10, you will find that you have more than enough to carry with you back home.

When looking for a place to live in Otavalo, the price gets even better. You can buy a home for as less than $50,000. If you want to invest in a real estate property, like a Bed and Breakfast for the weekend tourists, you can buy one for $100,000 to $500,000. The price will depend on the location and the size of the property.

Although Otavalo does not have the water sport possibilities of places like Salinas, you can immerse yourself in the market that makes this place quite famous. It may not have the convenience and modernism of the Ecuador cities like Quito nor Cuenca, it does have that tranquility that is very appealing to any retiree.

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