Real estate market set to rebound

Better days are ahead for Ecuador’s real estate and construction industry, experts say. In Cuenca, real estate agents say the turn-around is already underway. Ecuador’s Housing and Urban Development Minister Adrián Sandoya confirmed Tuesday that the administration of President Lenin Moreno is calling for a full repeal of the Ley de Plusvalía, or capital gains law, and will not submit a replacement to the National Assembly. Ecuadorians voted overwhelmingly to repeal the law in the February 4 national referendum. The law was enacted in December 2016, during the administration of former president Rafael Correa for the purpose of controlling land…

Want to read the whole story?

Subscribe to The Cuenca Dispatch and gain full access to this story, weekly issues, plus the entire running archive! With your subscription, you will gain access to all the news you'll need concerning Ecuador as a United States expat.

Subscribe now for only