Ecuador

Price/Rent Ratio in Ecuador compared to Latin America

Last update:
Next update: June 2019

This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.

  • Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
  • Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
  • Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Compare Countries and Cities
Belize
24 yrs
Chile
21 yrs
Uruguay
21 yrs
Argentina
20 yrs
Puerto Rico
17 yrs
Peru
17 yrs
Jamaica
15 yrs
Mexico
15 yrs
Brazil
15 yrs
Dominican Republic
13 yrs
Colombia
13 yrs
Panama
12 yrs
Costa Rica
12 yrs
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There are no house price statistics for Ecuador, and its statistical data is generally weak. The Instituto Nacional de Estad'stica y Censos is an ill-organized collection of stale data. The Banco Central del Ecuador is better, but alas has few downloadable time-series (data tends to be in 'press release' format). The monthly report on inflation is well presented.

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