My Ecuador Concierge Brings Fractional Property Ownership to Ecuador

March 28, 2011 - PRLog -- Imagine the serenity of waking up to the sound of the Ecuadorian Pacific Ocean surf at your doorstep every day and not paying an arm and a leg for it.  Fractional ownership is generating huge amounts of interest as consumers are becoming increasingly aware of its many benefits over whole ownership.  My Ecuador Concierge is the first to bring the proven concept of fractional property ownership to coastal Ecuador with prices starting at $25,000 USD.

“It is easy to see why anyone would want to own beach real estate, especially if they can buy it an affordable price, such as the value that fractional property ownership provides.  With fractional ownership you actually own a piece of the real estate, unlike a timeshare, and you may realize increases in property values should you want to sell in the future.” says Christina Pruitt, My Ecuador Concierge co-founder.  “Beachfront properties are nearly impossible to buy for most folks living in North America due to the high price tag.  Yet the interest in having a beachfront home is highly desirable.  Now, with a fractional property, you can own a beautiful house or condo, right on the beach starting at $25,000 USD.”  

Beachfront property is relaxing and beautiful, and generally one-of-a-kind settings in southern coastal Ecuador.  That is why so many people are interested in beachfront real estate but still need a lower price point, especially with the current real estate market in the States and Canada, even Europe. Coastal Ecuador offers this option at surprisingly affordable prices - far less expensive than Costa Rica, Panama, Thailand or other retirement hotspots on the radar today.  While My Ecuador Concierge has listings for a fixer upper house on or near the beach for under $150,000 USD, or a beautiful condo in a local, world-class yacht club setting with a semi-secluded beach starting at $70,000 USD, My Ecuador Concierge is introducing fractional property ownership at even lower entry point prices starting at $25,000 USD and up, for 30 days use per year.  

Fractional ownership has been around for over 20 years now and is a proven concept that gives owners their vacation or second home but without all the hassle and expense.  Fractional propert ownership makes it affordable for anyone from the proverbial “20- or 30 somethings” to baby boomers to buy and have real beachfront property ownership and vacation enjoyment.  Also with a baseline investment of $25,000 USD in real property qualifies you for a long-term Ecuador Resident Visa.  My Ecuador Concierge offers resident visa processing services as well.

“Fractional property ownership makes so much sense today.  Most people only get to spend four weeks of vacation per year, or maybe only four to six weekends of vacation per year.  If this is the case then fractional ownership brings the cost in line with the usage of the property.” says Janice Wilcox, co-founder of My Ecuador Concierge.  
“Fractional Ownership opens the market to GenXers , as well as  Baby Boomers to enjoy beachfront property at the same price as a mid-ranged automobile.“

“For those living on or close to the beach there is a great upside.  Maintenance costs are shared between buyers and many fractional developments now offer the opportunity to swap some of your allocated time through a fractional luxury exchange network.  It’s so easy to schedule your time with our online reservation system.  Want more time?  Simply make arrangements with other owners for some of their usage.” says Janice Wilcox, co-founder.  “The view out of your windows alone is worth living close to the beach. Coastal properties are also in high demand and make for good rental properties, and a good investment.  We are offering fractional property ownership in many of our lovely, small town beach communities that make living at or near the coast very attractive.”

Fractional property offers the benefits of owning a vacation home without the associated hassle plus a lower entry cost.  Most buyers own a fraction of the freehold of a property which entitles them to a number of weeks’ use.  Foreigners can own real property in Ecuador using simply their passport.  One does not need a resident visa to own property in Ecuador.  Many of the leading global hoteliers, such as Marriott, Westin, Starwood, Ritz Carlton, have been selling fractional properties around the world for years now proving that desirable locations and affordable prices are a major draw for those wanting a second home and one that has equity as well.  

“We are currently partnering with both private and prominent Ecuadorian builders and developers to offer fractionalized, affordable vacation or second homes to the buying public.  It is very exciting for us to think one can buy fractional property on a stunning beach in a world class yacht club setting for such a small investment - and with the upside of home ownership and the potential for increases in property value.” says Christina Pruitt.

With 2237 kilometers or almost 1400 miles of open, unspoiled Pacific Ocean coastline Ecuador is the next best thing in beachfront, foreign property ownership.  Ecuador has a stable political establishment, uses the US Dollar and North American electrical currency as well.  Living here has a great deal of familiarity for North Americans.  My Ecuador Concierge is the leader in property sales in the beach front areas of Playas-Salinas-Montanita-Olon which are located only 90 - 120 minutes to a major international airport in Guayaquil, Ecuador.  Janice Wilcox, “These particular oceanfront areas provide the best balance of weather (65-85 year round), and humidity (very mild) due to the Humboldt current running over this area.  With Ecuador in the Eastern time zone (ET) there are many nonstop direct flights with major international airlines from Guayaquil (GYE) to Miami or Atlanta (4.5 hours) or JFK (5.5 hours) – surprisingly, less time than it takes to cross the US or fly to Europe.”  For more information visit their website at www.MyEcuadorConcierge.com.

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My Ecuador Concierge is the leader in ocean front, ocean view properties in the areas of Playas, Salinas, Montanita-Olon is bringing fractionalized property ownership to Ecuador, to providing exceptional relocation services to individuals moving to southern coastal Ecuador in the areas of real estate, construction project management, visa processing, and relocation concierge services. Please visit our website for comprehensive coverage of living in Ecuador at www.MyEcuadorConcierge.com.