Cuenca dates back to AD 500, and was a notable Cañari settlement when the Incas expanded north from Peru to establish their city of 'Tomebamba' as one of the very finest of its day.
But all was soon laid low in the Incan civil war between rival brothers Atahualpa and Huascar.
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But while I wouldn’t take the political risk in Ecuador as an institutional or resource investor, I have no problems being an expat there. Just because the government is going after oil profits doesn’t mean that they want the title to your house in Cuenca.
Dispossessing foreigners of their property would do absolutely nothing for the government, or for ‘the people’ that Correa so desperately wants to please. Today, my goal is to provide you with a short, balanced overview of Ecuador, with the intention of providing more details later this week.
Well off the beaten track, Podocarpus National Park attracts dedicated birdwatchers and the small town of Vilcabamba on a back road to Peru was once reputed to hold the secret of eternal youth.
Capital of the south, Cuenca is a comfortable rather reserved city with a well-preserved and restored colonial centre that has earned it UNESCO World Heritage Site status.
I’m talking about fruits and vegetables the size of your head.
As a warning, however, there is some credible evidence of substantial pesticide usage in many parts of the country, as well water pollution from oil spills over the last several decades in the Amazon basin.
Would I buy a nice house with a small farm in Ecuador? Would I buy 10,000 acres of land adjacent to an impoverished village? The bottom line is that Ecuador is definitely worthy of consideration.
Specifically, based on how I define the “7 expat categories“, Ecuador is great for retirees, hermits, nomads, and internationalists. Here are six reasons why: First, as you’ve probably heard, cost of living is dirt cheap in Ecuador…
and by cheap, I mean that you actually feel guilty that it’s so cheap.