If you haven't read part 1 of Real Estate Investing in South America: Focus on Ecuador, please do so now.
The value side of the Ecuadorian real estate market can be readily witnessed, when one considers that "high-end" oceanfront (not ocean view) real estate can be purchased for $90-$100 per square foot. The absolute top-end luxury sector of the market still rarely pushes those prices any higher than $150 per square foot. If you aren't looking for high end or oceanfront, then you can do quite nicely even at $70/square foot…maybe less, if you know how to bargain hunt. While these
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