Real Estate Transaction Cost in Ecuador, Compared to Latin America
The total cost of buying and then re-selling a residential property, including all standard transaction costs (excluding the property’s sale price) — expressed as a percentage of the property value.
Other incidental expenses (such as survey fees, residency permit fees, or company setup costs) are not included in our calculation. In most cases, value-added tax (VAT) is also excluded, as our figures typically reflect the purchase of existing (not newly built) properties.
Transaction costs vary significantly between countries and even within the same market. Agent commissions and legal fees are often negotiable.
Important: Buyers and sellers should always consult with a qualified local lawyer or advisor to obtain exact and up-to-date cost figures for their specific situation.
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.
