Quito, Ecuador: Low prices, good yields of 9%
December 14, 2018
|Last Updated: Dec. 12, 2018|
|Cumbaya - Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|150 sq. m.||199,050||819||4.94%||1,327||5.46|
|250 sq. m.||315,750||1,345||5.11%||1,263||5.38|
|450 sq. m.||604,350||2,579||5.12%||1,343||5.73|
|750 sq. m.||1,170,000||4,568||4.68%||1,560||6.09|
|Northern Quito - apartments|
|75 sq. m.||121,575||590||5.82%||1,621||7.86|
|150 sq. m.||198,000||1,115||6.75%||1,320||7.43|
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Northern Quito: Bellavista, Gonzalez Suarez, La Carolina and Quito Tenis
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartments and houses in Quito, Ecuador both tend to cost around US$900-US$1,000 per square metre (sq. m.) or US$80-US$95 per square foot. (The US$ has been the official currency of Ecuador since the year 2000).
Gross rental yields of apartments in prime districts tend to range from 8% to 9% Houses have similar yields, or perhaps half a per cent less.
Round trip transaction costs are not high in Ecuador. See our Ecuador residential property transaction costs analysis and Residential property transaction costs in Ecuador compared to the continent.