Relief could be on the way for Ecuador’s construction and real estate industries. Others worry, however, that that relief could ignite another real estate “bubble” like the country experienced from 2010 to 2014 and make it more difficult for poor Ecuadorians to afford homes. Question number six of the February 4 referendum proposes the revocation of the the “Ley de Plusvalia” (Law of Capital Gains), which also goes under the longer name of the Organic Law of Avoidance of Speculation of Value on Lands and Fixation of Tributes, in translation. The Ley de Plusvalia was passed by the National Assembly…
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.
Get access to our most read articles
- Cuenca expat scene is ‘changing before our eyes’
- Los Perniles
- Immerse yourself in Cuenca’s bountiful markets
- Global warming? Most of the hot air is generated by politicians
- Ecuadorian named to Time magazine’s 100 most influential people list
- What should you bring to Cuenca?
- Searching for origin of the word ‘Gringo’
- Artesana Bakery: a love story
- Cuenca will have a new Ludic Botanical Garden
- The Amazonian tribe defending their land with technology