With construction of the new highway connecting Quito to Perdenales almost complete, experts believe that it is only a matter of time before real estate prices along this stretch of Ecuador’s beautiful northern coast will start to increase dramatically. Investors seeking to buy an affordable piece of Ecuador’s most beautiful and peaceful coast line would be smart to consider a purchase in this area soon. See the following article from International Living for more on this.
Along Ecuador’s northern shoreline you’ll find the country’s finest stretch of coast. Here virgin forest covers the hills. The beaches extend ribbon-like along the seashore—pristine, empty and beautiful. This time of year, the foliage is lush and green…almost luminous. The water is clear and blue. Major development hasn’t come here, because this enclave has been Ecuador’s least accessible stretch of coast. But that’s changing.
A highway under construction is going to make this the closest beach area to Quito and to the country’s new international airport. You could profit by positioning yourself ahead of the path of progress.
The most underdeveloped section of shoreline—the part I recommend you consider—lies between Pedernales and San Vicente. Life here is simple, relaxed and friendly. Locals are as likely to get around on horseback as by car. Swinging in hammocks is a popular way to pass the tropical afternoons. This stretch of coast is the nicest in Ecuador. But poor infrastructure has kept it off investors’ radar.
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That is about to change, though. Dramatically.
Construction on a new highway from Quito to Pedernales is 90% complete. The remaining stretches are expected to be finished within a year. (On a recent trip, I saw crews working busily.) This new highway links up with the main highway that connects Atacames and Manta. Atacames is a fun, busy beach town—Ecuador’s most popular beach resort—and Manta is a port city with a strong seafaring tradition.
Work is also progressing on the bridge from Bahia de Caraquez to San Vicente; it’s currently ahead of schedule and due for completion in November. It will be the longest bridge in Ecuador. According to Ecuador President Rafael Correa, this project is second in importance only to Quito’s new airport when it comes to Ecuador’s tourism industry.
He’s right. It’s going to make a big difference in the ease with which you’ll be able to access the area. Currently, when heavy traffic coincides with certain tides, you can wait up to four hours to catch a ferry.
Also, San Vicente has an upgraded airport terminal. Last year, Ecuador’s airline Icaro Air announced that it would begin flying four days a week into San Vicente from Quito. Subsequent to this, LAN Airlines bought Icaro and that route has yet to materialize. But local businessmen and investors are pushing for it.
These projects are elements of the overall infrastructure plan, which is to connect Manta with Quito going via Bahia with a four-lane highway. Put simply: This stretch of coast will become accessible.
There are three ways you could profit once the world catches on…from beach houses for around $100,000…to land banking.
This article has been republished from International Living.