If you are talking about beauty, charm and peace, then Cuenca is an ideal place for you to get located in. the cobblestone streets, urban rivers and colonial parks play an important role as far as the overall beauty and charm of the city is concerned. In recent years the city has become a center of many expatriates settling down here. Perhaps the low cost of living, security and better climate has made the city a popular location in the South American state of Ecuador.

Cuenca, Ecuador's Real Estate has really stabilized in recent years. There are many reasons behind how the city got economically stable and how its real estate market boomed. One of the major reasons behind the housing boom has been migration of Ecuadorians back to their homeland after the recession of the year 2008. Most of these Ecuadorians went back to their homeland from Spain and USA. The return of Ecuadorians in such a large numbers to their homeland actually created a housing boom all over the country including the city of Cuenca, which is considered a major urban city.

Cuenca, Ecuador's Real Estate is much better in comparison to North America. The prices of the properties are fairly reasonable so much so that many expats purchase these properties to get the residential visa of Ecuador. The laws related to the real estate are same both for the foreigners as well as the local population. The process of property purchase is also very easy and smooth; however mortgages are in many cases unavailable hence the purchase price (full) is required for the completion of transaction.

There has been an increase of 20% in the Cuenca, Ecuador's Real Estate which means that one can purchase a big property at a very lower price. Just to give you an example, as a purchaser in $130,000 you can easily buy a property containing three bathrooms and three bedrooms. The mentioned price is very low as compared to other regions of the world. However as an investor it is very important for you to know that the real estate market in Cuenca is very different as there is no MLS. Secondly the agents themselves do not expose their listings as a result of which many great market opportunities do not get public at all.

To conclude Cuenca is a wonderful place where one can think of making a real estate investment. The city itself has many things to offer. The educational system in the city is well entrenched, the medical facilities are perfect and all the basic amenities of life are also within easy reach. Ecuador itself is a country which is under the development stage which further makes investing here a feasible option. The prices of the properties are very low and cost of living is also very less. The city of Cuenca has all the ingredients in it which makes it a wonderful and attractive city. Investing in the real estate property of such a city is always a clever decision.