Monthly Archives: January 2014

Discover a natural moment in the South of Ecuador – Ecuador Travel

Travel to Ecuador - Forest the Guayacan

Bloom with intensity and yellow brilliance demonstrating the magic of Mother Nature.

Since the dawn of time, Ecuador has been related to nature.  When you travel around Ecuador you will find an abundance of butterflies, gathering of fishes or this amazing tree called Guayacan.  At the South end of the country, you will find 5,000 square foot of an incredible natural setting for this tree, “Los Bosques de Guayacan” a forest that is still intact. Next to this wonder of nature, you will find so many different areas that are full of wildlife, botanical plants and exotic trees, so many species that have not yet been discovered by modern scientists.

Guayacan, a tree that stands out at in Ecuador due to its stunning beauty. The botanical name is Tabebuia guayacan (Bignoniaceae). You would find it everywhere in Ecuador, but especially appreciate all its flowering beauty at this untouched forest site located at this small touristic town Mangahurco in the Province of Loja.

Many flowers appear on still leafless stems at the end of the dry season, making the floral display more conspicuous. The Guayacan Tree usually produces big yellow flowers by end of January with the first rains at the end of the dry season. It is a notable flowering tree. The flowers are 1 to 4 inches wide and are produced in dense clusters. Corolla colors vary between species ranging from white, light pink, yellow, lavender, magenta, or red. They are useful as honey plants for bees, and are popular with certain hummingbirds.

The Guayacan is not only beautiful but also offers relief for several health problems. Tea made from the flowers treats urine and kidney trouble. The flower tea has also been used to treat tuberculosis in Latin America.

Promoting touristic sites of this tree in Ecuador will help so much to prevent deforestation of this species. Guayacan’s wood has high local commercial demand, reason why Guayacan deforestation needs to be managed and control. If locals are able to obtain an income from touristic harmless resources like this one, changes will happen through time, and we will see less damage down to Mother Nature.

Here I leave you with a promotional video from the Secretary of Tourism from Ecuador – Ecuador Travel

Discover in this next video Guayacan Forests, music and folklore from Ecuador – Location: Zapotillo, Province of Loja, Ecuador

Touristic Bio diverse site: Forest of Guayacan – Location: Mangahurco, Loja, Ecuador

Tidal surge destroys 8 houses in Crucita, Ecuador

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Houses that were used as small fishermen commercial location (fish cleaning) were destroyed by the high tide force that hit this morning the beach location of Los Arenales, at Crucita Parish, Province of Manibi, Ecuador.

José López, leader of the fishermen at this parish in the Province of Manabi, Ecuador, said six other cottages gave way to the force of the sea early Wednesday.

Melisendra Delgado, owner of one of the cabins, said that in the past three years the situation has been similar, and now she doesn’t know how to find the monetary resources to start over with the business which offered employment to about 20 other people.

According to Hilton Guanoluisa, a local fisherman, to build a cabin will cost around $ 3,000 to $ 5,000 USD straight from their pocket.

Up to today, the owners of the destroyed cottages did not get any assistance or help from authorities, as Delgado said. The National Secretary for Risk Management in Manabi had not pronounce any statement on this matter.

 

Neptali Palma, Portoviejo, Manabi, (Thursday, Jan, 30, 2014)

Retireved from El Universo – Top Ecuadorian Newspaper

High Tide destroys 8 houses in Crucita (Spanish)

Ecuador, a great touristic destination!

Ecuadorians are really warm and welcoming people, and the new Ministerio de Turismo del Ecuador (The Secretary of Tourism)  is working towards providing all the resources for locals to start resourcing tourism as new income revenue.

Ecuador Travel and Tourism plan is to aim for the intangible elements of the global tourism service industry, those major intangible elements are related to the purpose or motivation of becoming a tourist, rest and relaxation, the opportunity to meet new people and experience other cultures, or simply to do something different and have an adventure. For sure Ecuador Natural Resources and travel services will be able to satisfy all your desires.

I will introduce you to a new promotional video created by this public office, it really shows Ecuador’s culture and natural beauty…. hope you enjoy it and have a chance to get a closer look of Ecuador.

Welcome to visit Coastal Ecuador soon!!!

New Lots for Sale in the countryside close to the beach, 30km to the ocean!

Surfing in Ecuador – Reef Classic Ecuador Turistico 2014

28 Jan to 1st Feb // Engabao – Playas, Ecuador

$25,000 USD in PRICES

Returns to Ecuador ‘s most important international surf event, the ” REEF RESORT CLASSIC GUAYAS 2014 ” This new edition will take place from Tuesday 28 January to Saturday, February 1st. They are changing the old headquarters, moving from the traditional Montañita, to a new great surf location – La Ruta del Pescador – Engabao in Playas, Ecuador. This is an ideal site for surfing and recreation.

“Playas is where surfing began in Ecuador ,” said Jorge Andant Mannino , Event Director . “Plus, it is a very privileged surfing area, and the place to find the best balsa board. Playas is part of the Province of Guayas, and the new Secretary of Tourism has great development plans for this Coastal Region in Ecuador

According to the organizers the beach chosen for the traditional and prestigious surf contest, Engabao Beach, has the same “window” as the waves in Montanita. In Engabao waves come from the north , west and south, added to this, in late January the “point” is usually well sanded , which makes it easy for perfect tubes and to break at the beach,  providing a great aerial show for the public to watch.

“The action for the best hot spot of professional surfing in Latin American region is has been set” reported Gustavo Plaza, one of the organizers.”To this we must add the advantages of the second best climate in the world (attribute made by the – Beach and Fisherman’s Road, UNESCO, 1982 -)”.

We can add few more advantages to the Reef Classic 2014 new beach location:

They have implemented new beach facilities,

This beach location is only an hour from Ecuador’s largest international airport, which is Aereopuerto de Guayaquil,

A brand new 4 line highway,

Plus the excellent tourism and gastronomy services,

…. and many surprises prepared by the Organization, all of these and more will make this the best REEF CLASSIC in Ecuador’s history “

We will have the chance to see over 150 professionals from 16 countries around Latin America ; those athletes will be distributed among the categories Open, Longboard, Junior and Ladies; all surfing away for $ 25,000 USD in prices.

All the competitions will be broadcast to the world, live and online via webcast, international networks and Space Fox Sports TV will produce one hour specials from the event.

This awesome touristic promotion is considered of “national interest” for Ecuador, reason why it has all the support from the Government of the Province of Guayas and the Ministry of Tourism. On Saturday, February 1 will be the traditional closing awards ceremony in the heart of Playas, it will include the election of the famous Miss Reef , the champions awards, great music concert and a something we can not missed, the CLOSING PARTY.

IMPORTANT NEWS: New Real Estate Regulations in Ecuador as December 2013

SUPERINTENDENCY OF COMPANIES REGULATIONS FOR THE OPERATION OF REAL ESTATE COMPANIES

 

Source: SUPERINTENDENCY OF COMPANIES

Resolution No. SC.DSC.G.13.014 of the Superintendence of Companies comprising the Regulation for the operation of companies that carry out real estate activities was published in Official Register No. 146 on 18 December, 2013.

In accordance with the Regulation, it is mandatory for companies whose corporate objective is real estate activity in any phase (promotion, construction, marketing etc.) and that receive money from clients in advance to delivering housing and buildings to comply with the following:

  • To own the land on which the project will be developed or to hold the fiduciary rights in the trust that owns the land.
  • To obtain the necessary permission for construction from competent public bodies.
  • To possess an economic budget for each project. This must include the duly assessed financial projection, estimated time of completion of the project, the sale price of each housing unit, and the parameters for achieving the break-even point and profitability.
  • To sign and comply with promissory purchase/sale agreements establishing price, payment conditions, closing date and deadline for signing the public deed, and to sign the final deeds of sale.
  • To follow the requirements of the Superintendence of Companies and comply with all provisions issued by it.
  • If companies carry out their activity through a Escrow Business Trust, they must also comply with regulations issued by the National Securities Council.

The Resolution also establishes that for the development of real estate projects that require “financial resources from promissory purchase/sale agreements for such project’s property units, before entering into the agreement a Fiduciary Escrow Trust must be created allowing a fund and trust manager to manage said resources”.

Companies who carry out real estate activity are, among other things, prohibited to enter into private preliminary reservation or promissory sales agreements; to sign more than one promissory sales agreement for the same asset; and to designate money from a specific real estate project to other real estate projects.

The Ombudsman will receive complaints regarding discriminatory or inequitable clauses, without prejudice to complaints made before the Superintendence of Companies and relevant legal action.

The Superintendence of Companies will carry out inspections to verify compliance with the current regulations by real estate companies. In the case of observations, the Company will have five days to give its view on the matter. If the Superintendence of Companies considers that the Company is involved in one or more grounds for intervention, it will proceed to “declare a state of intervention in the company and appoint an intervention supervisor”. The supervisor will issue a report regarding the general situation of the company. If the company cannot apply corrective measures to overcome a negative situation that presents risks to its clients, or if said measures are not complied with within the given deadlines, the Company may be declared dissolved.

December 19, 2013

MLS Services in Ecuador…. is free!

Multiple Listing Service in Ecuador, there are many of them for free and with great online services.

Others will tell you that they are not available mainly because they are still making a profit out of gray “pocket listings” or marking up the For Sale By Owner properties.

Ecuador has no restrictions on foreign investment in real property; you can buy real estate the very same day of your arrival using only your valid passport as identification

You can check my Personal adds on free Multi Listing Services in Ecuador:

Luxury Condos in Olon

Oceanfront Condos – Club and Marina

Pre-Venta Departamentos de Lujo en la Playa de Olon

Legal Real Estate and Development Transactions in Ecuador:

When informal business transactions were first recognized in Ecuador, the discussion focused on inefficient public institutions, cumbersome registration processes and a general distrust of the government – all factors that spur the creation of a market outside a country’s formal structures – does days are gone, Ecuador Real Estate Law enforcement is making its way into this new emerging economy.  If you put together all these new changes with a stable US Dollar economy, Ecuador becomes a great property investment location to live and retire.

Use to be that many locals and foreigners depended on informal Real Estate employment or businesses for a living, but informal employment has had serious consequences at the levels of both the individual and society. Beyond earning levels, informal employment makes OWNER, BUYER, AGENT ‘s basic legal rights vulnerable and difficult to defend.

The only real problem you may find will be the language barrier, there is a straight forward solution: translation services or bilingual proof services. Remember, there are many local Ecuadorians Professionals that speak English and Spanish fluently.

Do Not Pay Buyer’s Agent or Finder’s Fees!

Ecuador is in the process of strict regulation of its Real Estate Market and Development. For many years, Real Estate Developers, Service Providers, Agents, Locals and Foreigners Vendors, For Sale by Owner….. transactions have been mostly cash transfers due to the relaxed nature of informal transactions.

The Ecuadorian law is enforcing and updating its Real Estate Laws, this will improve the overall Real Estate Service Industry and Development. Important for you to know: Ecuadorian Law estates that the Seller pays a sales commission to the listing agent, then the listing agent splits that commission with the agent bringing the buyer to the transaction much like in the US.

How should you go for assistance?

For consumers or legal claims, any local Ecuadorian Legal Attorney or Buffet will be able to help you out, now just be aware of: ANY ATTORNEY THAT ASK YOU FOR MONEY ONLINE, there is no reason for a professional to request any money until you have verify with third parties of their professional background. Like in USA or Canada, you will find many scams online.

The following links will provide you with details on Ecuadorian Laws and the government institutions to go in case you encounter any problems while doing Real Estate business in Ecuador:

Law for Real Estate Agents of Ecuador

Consumers Protection Law of Ecuador

Government Ministry of Industry and Productivity: Consumers Protection Program

Government Office for Peoples Defense

English Post on Ecuador’s New Consumer Protection Law

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