Property purchase costs in Ecuador compared to Latin America
The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).
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| Venezuela |
14.89%
|
| Uruguay |
14.00%
|
| Nicaragua |
12.75%
|
| Costa Rica |
11.76%
|
| Brazil |
11.50%
|
| Mexico |
10.84%
|
| Argentina |
10.79%
|
| Honduras |
10.65%
|
| El Salvador |
9.21%
|
| Ecuador |
8.31%
|
| Panama |
8.30%
|
| Peru |
7.99%
|
| Paraguay |
7.51%
|
| Colombia |
5.86%
|
| Chile |
5.35%
|
| Bolivia |
4.50%
|
| Guatemala |
4.15%
|
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.