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What are some benefits of owning real estate in Ecuador?

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Quick Answer

There are numerous potential benefits to owning real estate in the South American nation of Ecuador, including the fact that the country has very low property tax, as reported by U.S. News & World Report. In addition to this, Ecuador is a scenic country in a tropical, equatorial location that experiences warm weather conditions for much of the year, making it an attractive destination for individuals who enjoy sunshine and higher temperatures. Much of Ecuador is located on the Pacific Coast of South America, meaning homeowners here often have easy access to beaches.

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Full Answer

In addition to the physical advantages, real estate ownership in Ecuador offers financial benefits other than those related to tax. For example, Ecuador's economy is growing, so while real estate in this country is relatively affordable, it can be considered to be a good investment, according to International Living. Additionally, nonresidents are able to buy Ecuadorian property just as natives or legal residents can.

Ecuador is a relatively small country, but it offers many quality of life benefits in addition to its tropical, coastal nature. The country has jungle territories in addition to mountains. Ecuador is also home to sophisticated urban areas such as Quito, the country's largest city, and Cuenca, its capital.

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