Thinking of Moving to Ecuador? A Few Honest Thoughts for New Expats

Thinking of Moving to Ecuador? A Few Honest Thoughts for New Expats

Hola everyone! I've noticed a recurring theme in the questions landing in my inbox lately: many of you are contemplating the big leap to Ecuador but are still figuring out what you're truly looking for. For all you Ecuador expat newbies out there, I wanted to touch upon some key initial considerations. Think of this as a brief overview; I'll be diving deeper into each of these points in future posts to give you a comprehensive understanding.

One of the most crucial pieces of advice for any future expat is to visit Ecuador first. Take the time to explore different regions and truly understand what kind of lifestyle and environment suits you best. Are you dreaming of a hot climate or preferring the cooler air of the mountains? Is it the buzz of city life or the laid-back vibe of the beach life that calls to you? Once you have a clearer picture, it's time to do your homework. You'll find expats scattered throughout the country, from the heights of Quito to the colonial charm of Cuenca, and a good number of us enjoying the Ecuadorian coast.

Personally, I've found my sweet spot in the Manabí province, specifically in the city of Portoviejo. It offers a great balance for me, providing everything I need while also being a short drive away from fantastic beaches like Manta, Crucita, and San Clemente.

When it comes to property – whether you're looking to rent or buy – prices can vary significantly depending on the location. However, the general advice I give most people is to rent first before committing to a purchase. This allows you to truly experience an area before making a long-term investment. A useful resource for getting an idea of average house prices and rental properties across Ecuador is the website www.olx.com.ec. It's worth browsing to get a feel for the market in different regions.

Now, this is a point I feel strongly about: be aware that sometimes, the biggest financial pitfalls for new expats can come from other expats. Unfortunately, there are individuals who prey on newcomers, inflating prices for rental properties and land. They might paint a picture of paradise and then charge significantly more than what a local Ecuadorian would pay. Remember that the average basic Ecuadorian wage is around $370 per month. While there's nothing wrong with someone running a business, it's crucial to do your own research and not solely rely on the word of another expat. Introduce yourself to locals, gather information from various sources, and make informed decisions. Thankfully, alongside these opportunists, there are many genuinely kind and helpful people here.

The next fundamental question to ask yourself is: what kind of expat are you going to be? Are you retired with a comfortable financial situation, or are you looking to make a living in Ecuador? This is a crucial distinction that often gets overlooked, as many assume all expats are retirees. I, for one, am not retired, and my daily life and considerations are very different from someone who has come here solely to relax and enjoy their retirement.

If you fall into the non-retired expat category, there are several key factors to consider. Do you have a profession you can utilize here, or are you thinking of starting a business or finding a job to get by? If you have a profession, you might find work, but be prepared for a lower salary than you were accustomed to back home.

Creating a business in Ecuador can be particularly challenging. It requires a deep understanding of the local culture and thorough market research. What works successfully in your home country might not translate well here. Trust me on this – I've tried bringing numerous business ideas from England to Ecuador, and most have not succeeded.

Here's a crucial insight into the Ecuadorian market: while platforms like OLX and Mercado Libre are used for online listings, Ecuadorians generally prefer physical shops over online purchasing due to a significant lack of trust stemming from past and present scams. For example, a business Facebook page might garner many likes, but actual sales are often minimal without a physical presence.

Pricing is another area where you'll need to adjust your expectations. If you're selling something for $80, it's common to receive offers in the $40-$50 range. Don't be offended; this is a standard practice. You'll rarely get your initial asking price unless you stand firm.

Living in Ecuador requires an open mind and patience. The concept of "Mañana Mañana" (tomorrow, tomorrow) is a common expat frustration. Things often don't happen as quickly as you might be used to. While I still have my moments of muttered frustration, it's part of the experience.

Be prepared to encounter poverty. It's a reality here and might be outside your comfort zone. Try to navigate it with sensitivity. Remember that what seems cheap to you can be expensive for many locals, so perhaps keep your incredible deal on that $200k house to yourself.

Blending in is generally a good strategy. Try to dress modestly and avoid displaying expensive jewelry. While crime exists everywhere, you don't want to make yourself an obvious target.

Regarding animals, it's important to understand that not all dogs you see are pets. Many are street dogs, often unwanted and struggling to survive. It can be heartbreaking to witness. While your instinct might be to help, the scale of the issue can feel overwhelming.

When it comes to money, it's wise to avoid using large denominations like $50 and $100 bills for everyday purchases. Stick to smaller notes ($5s and $10s) and even change when out and about. Many smaller businesses won't be able to break large bills. If you're in a bind, petrol stations are usually a good place to get change.

Cars are a significant consideration. Some expats prefer public transport, but personally, I rely on my own vehicle. However, car prices here are generally very high, and it can be difficult to reconcile paying a premium for a car that would be much cheaper back home. Think long and hard before making a purchase. My personal advice on buying cars in Ecuador: steer clear of big, new, expensive vehicles. Why? Driving a brand-new BMW in a place like Manabí can attract unwanted attention and even envy, potentially leading to your car being damaged or stolen. Again, blending in is key. You don't need to buy a complete wreck, but adjusting your expectations and opting for something more modest is advisable. My turbo car days are definitely behind me here!

I'll leave it here for now, as there's a lot to digest. But I want to reiterate that I'm not trying to discourage anyone. My aim is simply to open your eyes and help you be prepared for the realities of expat life in Ecuador. I've found my paradise in Portoviejo, and I truly believe that you can find yours too once you have a clear understanding of what you're seeking. Please feel free to leave any comments or questions below, and I'll do my best to respond as soon as possible.