One Thing Every Newbie Must Understand About Canoa, Ecuador
Canoa, Ecuador is not the first place expats might consider when thinking of a tropical destination. However, this beachfront community is poised to become part of Ecuador’s “Gold Coast” along with the neighboring villages of San Clemente, Bahia, Manta, and Crucita.
With the longest stretch of beach in Ecuador (17 km), this rustic fishing village is an ideal location for intrepid investors seeking to get in on a ground floor opportunity. With lots available at very reasonable prices, there is a strong potential for growing your investment dollars.
The One Thing That You Must Understand About Canoa Ecuador
For those who are considering adopting the expat lifestyle for the first time, Canoa, Ecuador may seem a bit out of the way. Yet it is important to understand that the potential of this small community is nearly limitless both in terms of living there as well as developing a profitable investment base.
There are a number of reasons why Canoa’s prospects are so bright. Some of the highlights can be found below:
The Laid-Back Atmosphere Is a Value-Added Feature
One of the major elements that contributes to Canoa’s potential is the relaxed lifestyle. This is the vibe that one would expect from a beach community where the “endless summer” is always being pursued by lovers of ocean sports.
While there are tourists, the area is not overwhelmed by them. Retirees and others who want a more serene existence will find such an atmosphere easy to come by. Additionally, developers seeking to build investment properties will find a residential market waiting to be established.
Remote But Still Connected
Canoa, Ecuador does not have the infrastructure of some of the larger communities of Manabi Province. That being said, access to the larger towns of San Vicente and Bahia requires no more than a short bus ride.
With the same shopping options, banking facilities, and other services normally found only in larger population centers, Canoa is well connected to the rest of the country, while retaining all the benefits of its more remote location. For those needing the 24/7/365 connectivity of the internet, many of the hotels and hostels in Canoa do have access to the web.
Finding the “Perfect Wave” Is Still Easy
The adrenaline-fueled sports of surfing, paragliding, stand up paddleboarding, and kite surfing have all become popular pursuits in Canoa. Enthusiasts (amateur and experienced) seeking to find a less crowded destination to sharpen their skills have made this Ecuadorian fishing village a popular location. For entrepreneurs seeking to find investment potential, this ready-made market holds great promise.
Building Paradise Is Less Expensive
One of the key aspects that adds to the potential of Canoa, Ecuador is the lower cost of materials and labor. Being able to construct and develop property at a lower cost is another enhancement that makes Canoa a prime location for growth.
You Aren’t Alone
As more and more foreign visitors discover the beauty of Canoa, the English-speaking expat population continues to grow. For those who are not comfortable with a new language, having neighbors who speak English can make the transition to life in this fishing village much more comfortable.
The Tax Burden Doesn’t Loom As Large
One of best features about owning property in Ecuador is the extremely low property tax rate. Assessed between 0.025% and 0.5%, it is rare to pay more than $400 per year.
Another benefit is that those over 65 are only required to pay half of the tax assessed; this certainly is an important benefit for retirees who are living on fixed incomes. When combined with affordable prices, a great beachfront location, and a laid-back lifestyle, it is easy to understand the potential waiting in Canoa Ecuador for those adventurous enough to seek it out.
Building Your Tropical Dream in Canoa, Ecuador
Finding affordable land in Canoa is an easy proposition. There are a number of parcels, with attractive views of the ocean, that an adventurer could turn into his or her own tropical oasis. Here are some prime examples of what’s currently available:
Canoa Beachfront Lot. For $90,000 you can purchase a beachfront lot that’s located close to town but still quiet and unassuming. It’s ready to build on and could be the perfect place to establish the tropical destination of your dreams.
Beachfront with Income Potential. Also available are twin 1,000 square meter beachfront lots that could easily be used to build four mini casitas. With only an $80,000 initial investment, buyers could have the opportunity to to live in paradise, while having rental income from the other three units. This is a rare opportunity that should not be overlooked.
One Important Consideration
Ecuador has designated the land within 50 km of the national borders and coastlines as National Security Areas. As a result development in these zones is prohibited.
With Canoa being located on the beach, obtaining the services of an experienced real estate attorney can help you ascertain the legal status of any property before committing time and money to the project. This due diligence on the front end will certainly save you a tremendous amount of headaches in the long run.
For those just beginning to explore Canoa, Ecuador as a potential destination, understanding the scope of the possibilities that exists is a necessity. The best way to identify this potential? Go there, walk on the sands, and envision yourself as a part of the growth of what promises to be the next Pacific “Gold Coast.” There is no time like the present to begin the journey.