Category Archives: Ecuador your new spot to live or retire

Ecuador on the way to Brazil’s 2014 World Cup!

IDENTIDAD ECUATORIANA Brazil 2014

 

TONIGHT!!! Ecuador’s national soccer team can come to within one point of South America’s #1 qualifying team by beating Peru in tonight’s game in Lima.

 

Actual Coach Reinaldo Rueda took charge of Ecuador in August 2010, just a month after guiding Honduras to South Africa 2010. His objective is clear: to follow in the footsteps of the two Colombian compatriots that preceded him in the job, Hernan Dario Gomez and Luis Suarez, and take Ecuador to Brazil 2014. Boasting a stable squad that has gone through a natural process of renewal, the Ecuadorians are likely to be a major candidate for one of South America’s qualifying slots. Despite these high expectations, they endured a poor Copa America 2011 campaign, not registering a single win and departing after the group stage.

 

FIFA World Cup finals history
While Ecuador failed to extricate themselves from a tough group at Korea/Japan 2002, their first-ever appearance at the final stages of a FIFA World Cup, the story was quite different at Germany 2006, where the South Americans got as far as the last 16, having surprisingly finished second in their pool behind the host nation. Unfortunately for the CONMEBOL representatives, England would prove a hurdle too far; the Three Lions triumphed 1-0 to move on to the quarter-finals.

 

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Great Quality of Life in Ecuador

If I will try to define Quality of Life, it will be the following: The degree to which a person enjoys the important possibilities of his or her life.

Quality of Life emphasizes on individuals’ physical, psychological, and spiritual functioning; their connections with their environments; and opportunities for maintaining and enhancing skills.

The extent of a person’s Quality of Life in the areas of Being, Belonging, and Becoming is determined by two factors: importance and enjoyment. Thus, Quality of Life consists of the relative importance or meaning attached to each particular aspect of life and the extent of the person’s enjoyment with respect to each situation.

If you plan to improve the quality of your life in the near future you have to look into this aspects: achieving personal goals, hopes, and aspirations. By using the following check list, I was able to determined if overseas living is the right choice to the best quality of life for me, in my case, the place to evaluate was Ecuador.

Maybe this can also help you out to create the right path to a great retirement overseas or living overseas.

  • Satisfy the need of different domestic activities.
  • Options to search for a challenging new work.
  • Having to learn or volunteer in diverse cultural environment.
  • Better food options, health or social needs.
  • Free time for activities that promote relaxation and stress reduction.
  • New situations that promote the maintenance or improvement of knowledge and skills.
  • Preparing for the future by living in an on going changing society allowing me to keep adapting to constant change.

When I checked on each of those aspects of life while deciding to stay longer in Ecuador, I came to realized that they were all offered to me here. Maybe you will be able to find the right answer to each of them in a different place, just make sure that you do not compromise for anything less.

You could always try out this place, Ecuador and its people are very open and friendly, there are plenty of opportunities for new business ideas, they are just starting to discover the service industry and love new and trendy innovations. Since the local currency is the US dollar, they have acquire a stable consumer market. I could advice you that some of the regulations and policies are not friendly with local industry, in case that manufacturing is one of your interest, you should try working with the local artisans.

There is a lot more information on the web about Ecuador as a new destination, so start planning for that new adventure, we will be here to help you. As for now we are starting an Expat Meet-up group in Guayaquil, I will keep you post it on its development.

Ecuador in the global news.

WOW, already by the end of Feb. 2012, and it is the first opportunity I have to post this year….

It is incredible how life can take different turns in a very short period of time, from Dec 2011 up to now, I had changes to make and new projects to run while living in Ecuador with the aim as usual of a better future… had to move my home quarters, switched from working for a local company to work independently, and the most interesting one is that we, meaning other expats and I, are starting an expat community in Guayaquil…

I know the world is on a fast track path, especially here in Ecuador it feels that time flies. Must be the local weather which  doesn’t really change much, it goes on a constant “warm – hot – humid stage” by the coast or “cool – humid – damp feeling”  at the highland. This is a huge plus for me, no winter on site, and the great health benefits and beauty bonuses tagged alone that it makes me rejuvenate. We are right in the middle of the Ecuadorian winter season, meaning rainy season, which is all over Ecuador.

It is raining every single day, since Ecuador is an under developed country it has is hardships due to the heavy rain, but all that can be avoid and prevented if you prepare ahead of time with repellents and a flexible schedules. Locals are really laid back on time issues, for foreigners, this is something that can be really uncomfortable to deal with, but it is something to adapt to if you ever decide to live in Ecuador.

Weather, food, customs and all sorts of problems and unexpected situations will be encounter as a new comer to Ecuador, which for me it meant hall new endeavors to learn from…

Recently if you have read over the international news the Ecuadorian President had a serious conflict with a well known local newspaper and a local journalist that even reach international opinions and the involvement of some international organizations. I did follow the hall sequence of events locally and internationally, and it is really interesting to see the power of the media all over the world.

Sure a lot of opinions are made related to Mr. President Rafael Correa following Chavez foot steps, my view on this after living in Ecuador for four and a half years is that a lot of the social resentment and political advantage can be compare or relate between Venezuela, Ecuador and even included Bolivia, but I will not say that their government leaders are sole responsible of these new conflicting events in their own countries that are pulling our attention. They are the merely result of the power and economical gains of strong powerful monetary holding groups; I will say starting from groups at the international level which are reflected locally by alliances with local powerful groups.

Now this is plain reality, what you have to know ahead of time if you ever decide to live in an new emerging economy like the one in Ecuador, it is that knowledge and information is not open to everybody locally, you have to understand the local business and social culture to be ahead of the game and not to be taken advantage of. From there, your live will be full success… richer in health, understanding and wealth.

“Ponte once” beat the crowd! Before boomers start moving to Ecuador.

There is nothing unusual about the time 11:11 or the date 11/11/11, but our brains can’t help noticing the repeating digits, and seeing them as meaningful.

So while getting all this text messages about the great positive energies I was going to get at 11:11 am today the 11th of November 2011, my thoughts related this to a cute little Ecuadorian urban phrase “ponte once”, its literal translations is “ponte = put, once = eleven”, now the expressions real  meaning is “be aware”.

On one side, I thought it will be good to learn a cute local Spanish phrase on my blog,  but than,  I realized how realistic this phrase would apply to the hall world today.

Ponte once – our reality check should be to hurry to Ecuador and beat the crowd!

If you’re at all interested on Ecuador, I’d suggest you get a move-on. The mainstream media is taking note of the tremendous values this country offers.

Lately we are seeing a lot more information about this little tropical country. Most travel, retirement or living overseas websites have picked Ecuador as one of their top “biggest-value buzz-worthy” destinations. As they rightly point out, Ecuador is “under appreciated.” Not for long, we suspect.

Map showing ecuadorean territorial claims on P...

Image via Wikipedia

Now is the precise moment to invest in Ecuador just before the avalanche of baby boomers start searching for new locations where they could afford to live on their pension funds.

Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65.  That is going to keep happening every single day for the next 19 years.

What is so appealing about Ecuador? Your dollar will go further than other overseas retirement destinations. Locally people in Ecuador are hoping to keep the rate of inflation low in the long run. In places like Costa Rica or Dominican Republic, the real price-pushers were the expats retirees who focused on beachfront areas closer to their homeland.

Today Ecuador is very accessible from the U.S. — you can fly direct from both Quito and Guayaquil to Miami, Atlanta, Houston, New York, and Atlanta.  Ecuador is an amazing, peaceful place with beautiful beaches, warm weather and really inexpensive beachfront bargains.

I will list some real facts to consider before making Ecuador your next overseas option.

Real Estate and property search:

  • Coastal properties found at bargain basement prices, since Ecuadorians don’t value beach houses the same way that Americans do.  They like to go to the beach twice a year during school breaks, stay in nice hotels, party and then go home to their big cities.
  • Real estate prices in Ecuador have risen slowly since 2000. This almost dormant market may be attributed to the government switched to the American dollar as their currency in that year. My experience from mainly working with local experts has been that prices have stayed the same in recent years with the exception of select areas.
  • House and condo rental rates are so cheap in Ecuador, it would be totally feasible to enjoy Ecuador without investing anything apart from your monthly expenses, thus reducing your investment risk dramatically.
  • Coastal Ecuador is completely out of hurricane paths, and also this is your best option if you’ve ever wanted to walk away from long, bitterly cold winters and brutally hot summers.
  • Foreigners could own property in Ecuador. You can buy directly from local property owners with nothing stopping you to do so. Search local real estate agents, preferably in person. Ask about their career background and their Ecuadorian real estate practices.
  • Purchasing costs are low, hire a well informed Ecuadorian attorney that handles contracts, title searches and visas, one that does it all. There sales commission is only paid by the seller.
  • Right now in the Ecuadorian market that commission on Real Estate goes around 3%.
  • Ecuador has one of the lowest investment requirements to obtain a residency visa of any country I’ve investigated. One way to qualify is to purchase a property valued at $27,000 or more.

Be aware of the following:

  • Mostly there are no licensed realtors and there is NO MLS or other listing agencies to help you on your property search.
  • Real Estate Agents are not licensed professionals in Ecuador, since there is no recognized national authority that governs the licensing process, set guidelines or handles complaints for the licensed agents. It is not likely to change any time soon.
  • There is no Multiple Listing Service; it is almost impossible to get online information for Real Estate in Ecuador, what you get mostly expats and gringos selling online. Just be careful, do your homework as there are many that will prey on an unsuspecting foreigner.
  • You do not need to search out an “English” speaking real estate agent. I think a better course of action would be to seek out a trusted local that will help you with the language so you can deal with Spanish speaking owners directly.
  • The increased exposure will push and turn Ecuador in to the next hotspot on the world´s beachfront real estate scene.
  • Places a long the coast still lack basic infrastructure, especially for retired expats, like good access roads and some basic services. You could get by with wireless internet, bottle water, fresh fish and market stocks.
  • The opportunity for rapid growth is due to a limited supply of property land.  The Ecuadorian coast is not that big and large sections of it are uninhabitable due to national parks or swamps.
  • In Ecuador, like most of Latin America, if the land is not in use, someone else could come “squat” on it, build, and claim it as their own.  It doesn’t matter if it is legal or not, it happens.  If you buy land, start building on it immediately.
  • Try to be present when constructing your house if possible.  If you are not around, you may have delays and cost overruns.  It is a fact in Ecuador that many construction workers will steal materials and slack off if you are not around to apply a little pressure and enforce the deadlines.

Next post will be on purchasing costs and the real cost of living depending on where you want to live in Ecuador. Also some other details that I may have missed out today.

Smile!!!! We found your new sunshine hub.

Guayaquil, the largest city of Ecuador
Image via Wikipedia
Ecuadorian ceviche, made of shrimp, lemon and ...

Image via Wikipedia

Get informed before you retire and buy property overseas!

I will like to point out few things here which I believe are very important to take in consideration. Once a person decides to retire or live overseas, they are opening their minds to a complete new and different perspective in life, of course these underdeveloped countries or emerging economies, as I like to call them, have a whole different situation, may that be political or economical, but on the other hand, they do offer a great compensation by providing natural environments, health and a comfortable lifestyle under a small budget.. Most develop countries are saturated with environmental problems, and their economies are going under huge debt problems.

Saying this, I should also agree that few smart foreigners are taking advantage ahead of the game and overpricing local properties in this heavenly retirement option. One thing to be sure is that properties by the ocean in Ecuador are cheap, you should always buy from locals, anybody can buy properties here, you may need the assistance of a professional who is related to the local market, which will not jump the price to the American standards.

I am even seeing that companies who have been in the business of promoting Latin America as a new found heaven for retirement, are also making money by offering tours and seminars. This is not fair at all, there is plenty of information on the net, and Ecuadorians are very friendly and open people to welcome business from other cultures.

Don´t let anybody tell you differently, I wouldn’t like to see Ecuador being merchandise by people who are just taking advantage of a timing opportunity. Please get informed, of course as with anything else in life, you may come across and find dishonest people, but by asking for professional references, you´ll be able to avoid that, take your time and travel to Ecuador for a visit, see it your self, even if they try to point out that the actual president is following Venezuela’s foot steps.. I can tell you that Ecuadorians are a complete different story, they will never allow it…

Ecuadorians are very business oriented, and a very hard working society, they will always push their Politians to open the doors to the world. They had to go through a hall process of changes with their previous established politics to level the social standards.

I was born in Ecuador and raise in Canada, I have seeing both worlds, plus having worked in other countries, I am a citizen of the world, we should never undermine any place, I just think that there is a perfect place for every type of character in life and budget too….

I started writing about overseas living in Ecuador after my friends and clients ask me to please make all those tips of information available to the world.. so I went on with my brand new blog.. I am open to constructive critics, comments and if any body will like to collaborate please you all are more than welcome, it will be a great cause..

Presently working in the Ecuadorian Construction Industry with a major local firm, I am currently residing in Guayaquil, Ecuador, having moved recently from Miami, Florida where I resided for approximately 2 years.

Don´t forget always check local property market at real local prices! Here I leave you some properties images in Ecuador…

Another good reason to retire in Ecuador!

Economists, politicians and business executives typically spend their lives striving for the same goal – bringing prosperity to their communities. Why? The answer appears simple. More money buys more options and security, which, ultimately, leads to greater happiness.

But a new study challenges the wisdom of this thinking.

The research team, led by Dr. Evelyn Bromet, a professor of psychiatry at State University of New York at Stony Brook, interviewed 89,000 people in a 18 countries, from very poor places to the world’s most developed economies. Using a standard set of questions known as the WHO Composite International Diagnostic Interview, they attempted  to gauge the prevalence of depression. Their findings: Citizens of wealthier countries are more likely to be depressed. Overall, 15 percent of people in the wealthy countries surveyed experience depression, compared to 11 percent in the low and middle-income countries.

The researchers aren’t sure why but offer several possible explanations, including less family and community support and higher expectations in wealthy countries and a reluctance of people in lower-income countries to admit to depression.

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