Cuenca Property Boom

FT.com reported that in recent years Cuenca, Ecuador’s third-largest city, has quietly emerged as one of the most popular expatriate communities in all of Latin America. Set on the banks of the Tomebamba River in Ecuador’s southern highlands, the city is a 45-minute flight from the capital, Quito. Cuenca’s moderate costs and mild temperatures have made it a magnet for North American retirees. Indeed, upwards of 4,000 foreigners are thought to have settled in Cuenca over the past decade, most over the age of 50, but many far younger with an eye toward entrepreneurship or “telecommuting” with their offices back home. Read Article

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