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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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