La Ronda is just around the corner

Wednesday, August 27, 2014

Real Estate and cost of utilities in Quito, Ecuador. August 2014.

For the last 5-7 years Real Estate prices in Quito gone up dramatically, almost doubled. However there is big difference having real estate in US and in Ecuador: property tax and association fee. Unless you manage to buy in gringo's development or in the areas where Ecuadorians with big money live - associations fees,alíquota, are much less here in Quito, usually in between $15 -$150, depends on location and amenities provided. In my North Quito neighborhood alíquota typically in between $50 -$70. 
Property taxes are less as well, also from $20 to a few hundreds, depends how big your dwelling is and where it's located.
There is no home owners insurance in Ecuador, if something happens - you are on your own.

Utilities:
In Quito you don't need heating and air-conditioning.
Electric bill for the most families: $10 - $20, water: $10 -$20,
gas: $5 - $15 centralized
land line cost: $8 basic and one cent per minute after few hundreds of allowed free minutes.
Cable $18 - up to almost one hundred $$ 
Internet $20 - few hundred $$



Monthly rental in Quito, for tourists and expats.
We have a 2 bedroom, 1 bath totally remodeled
Colonial Quito, furnished apartment for rent. 
For booking, pictures and more info 
http://quitorental.blogspot.com  


Rental in Quito, for tourists and expats.
3 bedroom, 1 bath remodeled
Colonial Quito, furnished apartment for rent.
For booking, pictures and more info
http://quitorental2.blogspot.com