Ecuador: House Prices, Rents, and Rental Yields
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Last Updated: Oct 04, 2005
Yields are spectacular in Quito
| Last Updated: Oct. 04, 2005 | |||||
| QUITO - Apartments |
COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 100 sq. m. | 80,000 | 800 | 12.00% | 800 | 8.00 |
| QUITO - Houses |
|||||
| 200 sq. m. | 59,000 | 800 | 16.27% | 295 | 4.00 |
| 250 sq. m. | 120,000 | 1,200 | 12.00% | 480 | 4.80 |
| 300 sq. m. | 140,000 | 2,200 | 17.14% | 467 | 6.70 |
| 400 sq. m. | 150,000 | 1,000 | 8.00% | 375 | 2.50 |
| QUITO - Suburbs |
|||||
| 180 sq. m. | 92,500 | 400 | 5.19% | 514 | 2.20 |
| GUAYAQUIL - Apartments |
|||||
| 100 sq. m. | 50,000 | 400 | 9.60% | 500 | 4.00 |
| 150 sq. m. | 90,000 | 500 | 6.67% | 600 | 3.30 |
| 200 sq. m. | 120,000 | 1,000 | 10.00% | 600 | 5.00 |
| 250 sq. m. | 225,000 | 1,250 | 6.67% | 900 | 5.00 |
| GUAYAQUIL - Big houses with grounds |
|||||
| 200 sq. m. | 150,000 | 800 | 6.40% | 750 | 4.00 |
| 250 sq. m. | 200,000 | 1,000 | 6.00% | 800 | 4.00 |
| 300 sq. m. | 250,000 | 1,500 | 7.20% | 833 | 5.00 |
| 350 sq. m. | 300,000 | 2,000 | 8.00% | 857 | 5.70 |
| 400 sq. m. | 350,000 | 2,500 | 8.57% | 875 | 6.30 |
| GUAYAQUIL - Suburbs - Beach area |
|||||
| 110 sq. m. | 50,000 | 700 | 16.80% | 455 | 6.40 |
| 150 sq. m. | 100,000 | 1,000 | 12.00% | 667 | 6.70 |
| 200 sq. m. | 150,000 | 1,300 | 10.40% | 750 | 6.50 |
| 250 sq. m. | 250,000 | 2,000 | 9.60% | 1,100 | 8.00 |
| 300 sq. m. | 250,000 | 1,500 | 7.20% | 833 | 5.00 |
| CUENCA - Mountain area - Apartments |
|||||
| 150 sq. m. | 60,000 | 300 | 6.00% | 400 | 2.00 |
| CUENCA - Mountain area - Houses |
|||||
| 200 sq. m. | 100,000 | 350 | 4.20% | 500 | 1.80 |
| 250 sq. m. | 150,000 | 400 | 3.20% | 600 | 1.60 |
| Source: Global Property Guide | |||||
Prices for 100-sq. m. apartments in Quito are around US$80,000. This size apartment could probably be rented for US$800 a month, giving the landlord a rental yield of 12%.
Houses in Quito are generally bigger, and often surrounded by gardens. They are priced around US$300 to US$480 per sq. m. Rental yields of houses can be high, at around 12% to 17%.
Apartments and houses in Guayaquil tend to yield between of 6% and 10%. Within the beach area near Guayaquil, rental yields are higher, at 7% to 16.5%.
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