Real Estate in Cuenca, Ecuador (2024)

How do I find a place to live in Cuenca?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Through the internet we found a person whom totally misrepresented the rental market, however not knowing we were taken advantage of," said one person in Cuenca.

"We made an exploratory trip months before we decided to come and live in Cuenca, Ecuador. We did not really choose the neighborhood we just found the apartment absolutely fell in love with it and the price was just right and the view and everything. It seemed like a good neighborhood as well and we bought it within two weeks of being in this country. To date 18 months later we are still very very happy with our purchase. We have since found it is a great neighborhood close to all amenities but far enough from the centre of the city," remarked one foreigner who made the move to Cuenca.

"One way to find a place to live in Cuenca is to look through online listings. Some popular sites include local classifieds, such as Encuentra24, and global rental sites like idealista and craigslist. Additionally, you can find locals willing to rent out apartments on Facebook Marketplace and Instagram. If you prefer a more traditional approach, you can ask friends or family if they know of any vacancies, or if they know someone else who is. Lastly, you can search in person by canvassing certain neighborhoods or checking out "se renta" (for rent) signs posted around the city," explained one person living in Cuenca, Ecuador, Ecuador.

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What is a typical expat home or apartment like in Cuenca?

"We are in a B&B and not typical as apartments are every where. You just don't know until you get here," said one expat in Cuenca.

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What is the average cost of housing in Cuenca?

If you are thinking about moving to Cuenca, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Housing cost are substantially less than at home. We are moving into a real mansion with full use of the house and our own bath for $210 mo. $200-350 mo is very available. We were taken the first mo. at $550mo and was much less quality. Actually it was horrible," explained one person living in Cuenca, Ecuador.

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Should I buy or rent a home in Cuenca?

If you have not spent a lot of time in Cuenca, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Deciding to buy or rent a home in Cuenca ultimately comes down to individual circumstances and preference. If you are planning to stay in the area for an extended period of time, it may make more sense to purchase a property, as the process of purchasing property can be a more attractive long-term financial solution. However, if you are intending to stay for a short duration, you may prefer the flexibility of renting a property. Ultimately, whether to buy or rent a home in Cuenca, Ecuador is a personal decision," said one expat in Cuenca, Ecuador.

"I rent a two bedroom, two bathroom condo on the 11th floor on the Rio Tomebamba. 24-hour security guards, underground parking I pay $300 a month for rent, gas $8, water $10, cable $52, internet $34 and security is $50," remarked one member in Cuenca.

What do I need to know when buying property in Cuenca?

When we asked expats what advice they would give a foreigner before buying a property in Cuenca, they said:

"1. It is important to research the area you are interested in buying property in, to ensure it is safe and has the amenities you need. 2. Make sure to hire a reputable lawyer to help you with the legal aspects of the purchase. 3. Be aware of the taxes and fees associated with buying property in Cuenca, such as the transfer tax and registration fees. 4. Consider the cost of living in the area, as well as the availability of public transportation and other services. 5. Make sure to inspect the property thoroughly before making a purchase, to ensure it is in good condition and meets your needs. 6. Be aware of the local laws and regulations regarding property ownership and rental agreements. 7. Consider the long-term implications of buying property in Cuenca, such as the potential for appreciation or depreciation in value," remarked one foreigner who made the move to Cuenca.

Are foreigners allowed to own property in Cuenca?

When we asked expats what advice they would give a foreigner before buying a property in Cuenca, they said...

"Yes, foreigners are allowed to own property in Cuenca. According to Ecuadorian law, foreign citizens are allowed to purchase and own real estate in the country, including in Cuenca. The process of purchasing property is relatively straightforward and can be done through a lawyer or real estate agent. Foreigners are also allowed to obtain a mortgage in Ecuador, although the process can be more complicated," explained one foreigner living in Cuenca, Ecuador.

What appliances are typically included in a rental?

We asked foreigners in Cuenca what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Cuenca typically include a refrigerator, stove, oven, washing machine, and dryer. Additionally, some properties may include a microwave, dishwasher, and other small kitchen appliances," said one person in Cuenca.

Additional Information about Searching for a Home in Cuenca:

We asked foreigners in Cuenca what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Cuenca by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. Additionally, expats can attend open houses and visit neighborhoods to get a better sense of the area," wrote one expat who made the move to Cuenca.