Quito, Ecuador: Low prices, good yields of 9%
October 02, 2013
|Last Updated: Oct. 20, 2013|
|QUITO - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||93,750||704||9.00%||1,250||9.38|
|120 sq. m.||153,360||1,027||8.04%||1,278||8.56|
|170 sq. m.||198,050||1,459||8.84%||1,165||8.58|
|350 sq. m.||381,500||2,685||8.44%||1,090||7.67|
|QUITO - Houses|
|200 sq. m.||216,400||1,488||8.25%||1,082||7.44|
|350 sq. m.||339,150||2,429||8.59%||969||6.94|
|600 sq. m.||615,000||4,020||7.84%||1,025||6.70|
| Districts researched
Quito:Bellavista, Condado, Cumbaya, Gonzales Suarez, Iniaquito, La Carolina,Montesserin, Quito Tenis, Tumbaco
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartments and houses in Quito, Ecuador both tend to cost around US$900-US$1,000 per square metre (sq. m.) or US$80-US$95 per square foot. (The US$ has been the official currency of Ecuador since the year 2000).
Gross rental yields of apartments in prime districts tend to range from 8% to 9% Houses have similar yields, or perhaps half a per cent less.
Round trip transaction costs are not high in Ecuador. See our Ecuador residential property transaction costs analysis and Residential property transaction costs in Ecuador compared to the continent.