Plans for continued expatriate growth in Cuenca Ecuador

gonomad.com reported that there must be a good reason why between than 4-5,000 North Americanos now call Cuenca Ecuador their adopted home. Most of the wave began several years ago, when International Living and other outlets declared this city of 400,000 to be a perfect place for retirement. It’s at 8200 feet, there are clean rivers running through the city, and flowers, blooming trees and historic colonial architecture are everywhere, alongside nice walking streets and plazas. It feels safe and there are lots of students who attend a big university in the city. It’s not hard to see why so many expats love Cuenca. gonomad.com reported…Though on our visit we didn’t hear many American accents, the wave has had an impact on Ecuador’s third largest city. There are big plans to make Cuenca attractive to even more American and Canadian expats in the years to come. But officials say you better come now because the generous tax rules that allow foreigners to own houses here (unlike in Mexico where most people lease land and buildings but don’t own them). Today, Americans don’t have to pay taxes on their social security and many expats say they live comfortably for less than $2000 a month! Read Article

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