|Last Updated: Oct. 31, 2011|
|QUITO - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||81,000||583||8.63%||1,080||7.77|
|120 sq. m.||114,960||756||7.89%||958||6.30|
|160 sq. m.||153,120||1,011||7.92%||957||6.32|
|225 sq. m.||202,275||1,364||8.09%||899||6.06|
|400 sq. m.||335,600||1,500||5.36%||839||3.75|
|QUITO - Houses|
|150 sq. m.||129,900||1,013||9.35%||866||6.75|
|250 sq. m.||203,000||1,488||8.79%||812||5.95|
|350 sq. m.||273,000||1,740||7.65%||780||4.97|
|700 sq. m.||511,700||3,640||8.54%||731||5.20|
| 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
Neither prices nor rents of apartments or houses in Quito have changed much over the past year in US$ terms (the US$ has been the official currency of Ecuador since the year 2000).
Apartments tend to cost around US$900-US$1,000 per square metre (sq. m.) or US$80-US$95 per square foot. Houses tend to cost around US$700 to US$820 per sq. m., or US$65 to US$75 per square foot.
Gross rental yields of apartments in prime districts tend to range from 7.7% to 8.5% Houses have similar yields, or perhaps half a per cent less.
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