Ecuador real estate, despite the decline in growth this year, is still a great investment opportunity. If you are living in this country with some retirement money and time to spare, you probably want to consider if you can dip your hands into real estate investing.
One way for you to invest in real estate is to buy a home of your own. Or you can get a beachfront property that you can rent out to visitors from all over the world. However, there are reports coming in that points towards the hotel and tourism industry in Ecuador.
Why should you invest in real estate in Ecuador
This country is one of the top destinations for both retirees and vacationers. You might want to consider targeting them in your investment plans. If that is so, investing in a hotel in Ecuador might be a great place to start.
You may be thinking: a hotel is such a big investment! It probably is but come to think of it, you have the option to operate on a small scale – like a simple bed and breakfast. Or you can partner with someone else for a bigger establishment. If you wish to free yourself from the burden of managing a hotel, you can probably just invest in stocks and bonds in the Ecuador real estate industry. But then again, where is the fun in that?
So what makes this industry rewarding?
As mentioned, Ecuador is one of the top travel destinations in the world. Based on the data from the Ministry of Tourism, more than a million tourists from various countries visited Ecuador between January to August of 2014. Compared to the same period last year, this is a 14.3% increase. Most of the visitors come from Colombia, the United States and their neighbor country, Peru.
The Ministry is actually bent on reaching a tourist count of 1.5 million by the end of the year. This is probably why the country, along with other South American nations will be making some changes in the industry to attract more hotel investments in the continent. That alone should make you think about investing in Ecuador real estate.
The news published on the internet in September of this year mentioned that the private tourism sector will expect a lot of hotel investments in the coming years. This was according to the statement made by Arturo Garcia Rosa, the current President of the American Conference of Hospitality and Tourism Investment.
The seventh edition of this conference took place in the capital of Ecuador, Quito. 450 businessmen were able to participate in this conference – most of which will benefit the hotel sector in the country and the rest of South America. What was discussed, according to Garcia Rosa, included some significant transformations in both the hotel and tourism industries in the next decade or two.
If this does not attract hotel investments, specifically on Ecuador real estate, then businesses are missing out on some things.
Although it is not clearly connected, you can see improvement already happening in the country. For instance, the government recently lifted the hotel moratorium in the Galapagos Islands. This lifting will not allow new infrastructures to be built so it can accommodate the expected influx of tourists in the coming years. This was said to be a part of the plan to transform the islands into a high quality destination for tourists around the world. While the moratorium is lifted, the government is strictly keeping an eye out for the improvements being made – as it should pass the high quality standards of the government.
With all these information, you know that Ecuador real estate will start to boom in a couple of years. You may want to pay close attention to more news coming out of this industry to find out how you can use your money to grow in terms of investments.
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