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:

"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," said one expat in Cuenca.

View More Answers

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

"Cuenca neighborhoods, unless you only walk everywhere, are not as significant in Cuenca as they are in other cities AND other countries. The expat population (especially the 50% from North America, is not significant enough to make a difference and the safety factor does not vary to the point where is means much. A section of the city's west end is dubbed "Gringolandia" with the Cuenca's largest condo (18 stories) called "The Gringo Palace", But upon investigation, it has only a 10% ownership of foreigners..with the rest Ecuadorians. The neighborhood has a much lower percentage of gringos. However, there are other reasons to investigate where you rent or buy in Cuenca that are not obvious, like bus and grocery proximity. I recall a lovely American couple who arrived and immediately rented in the small Red Light District. (Municipally-regulated prostitution is legal in Ecuador) When they found out more about the neighborhood, they remarked they enjoyed all the happy faces around them," explained one person living in Cuenca, Ecuador.

"A typical expat home or apartment in Cuenca, is typically modern and comfortable. Most expat homes and apartments feature amenities such as high-speed internet, flat-screen TVs, and air conditioning. The interiors are usually spacious, with plenty of natural light due to the abundance of large windows and balconies that overlook the surrounding city. Most of the properties feature modern kitchens, with stainless steel appliances and granite countertops. Many are equipped with plenty of storage closets and bathroom amenities, such as a tub, shower, and washer/dryer," said one expat in Cuenca, Ecuador.

View More Answers

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:

"You can buy a beautiful 2 brm 2.5 bathroom apartment from about $78,000 upwards. If you are looking for a home with a bit of land around you can go about 15 mins from Cuenca and find the most beautiful homes for $150,000 - $300,000 and of course then you have the ones that are even higher. Depending on what you are looking for. There are beautiful pre-construction apartments selling from $60,000 to a large penthouse which has the most spectacular views for under $200,000. I went and paid our phone and electric bill the other day and for the two of us it was $30 for the month. Our apartment taxes are around $30 per year. Our security apartment and gas fees per month are $63.00," said one expat in Cuenca.

"The average cost of housing in Cuenca varies depending on the size, location, and condition of the property. Generally speaking, monthly rents for one-bedroom apartments within city limits average around $200 - $450, while monthly rents for two or three-bedroom apartments within city limits average around $300 - $800. Long-term rentals for a house with three or more bedrooms in Cuenca usually start at around $450 - $800 per month," remarked one member in Cuenca, Ecuador.

"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 expat living in Cuenca, Ecuador.

View More Answers

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," remarked one member 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," explained one expat living in Cuenca, Ecuador.

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," explained one foreigner living in Cuenca, Ecuador.

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," wrote one expat who made the move to Cuenca.

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," wrote one expat who made the move to 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," said one in Cuenca.