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Ecuador Real
Estate Archive VII
Updated July, 23 2005
By
Gary Scott
To help you get a feel of Ecuador
real estate we have posted this special archive that lists many of the hundreds
of messages we have shared with our readers about Ecuador real estate this decade.
Ecuador Real Estate Improves?
This week USA Today featured
a front page article exclaiming the huge improvements that are taking place in
Ecuador and Ecuador real estate due to dollarization. I am one of the greatest
advocates of Ecuador real estate and have a large commitment there myself but
am skeptical about having excessive optimism too early on.
Also there have been some questions
from readers about the U.S. governments “Plan Colombia” and what impact
it might have on Ecuador. To get a clearer picture I asked several friends who
live in Ecuador full time about Crime in Ecuador, Manta (where the U.S. military
has their new base) and what impact Ecuador’s assistance with the U.S. against
Colombian guerillas might create on Ecuador real estate.
Here is the first reply I received
from a successful Ecuadorian attorney whose grandfather was President of Ecuador.
“Gary
Hi, I hope you and Merri are
doing well. I took your concerns with me and spoke with several knowledgeable
people about them. After soaking as much information as possible, this is my opinion:
Clinton's Colombia Plan will
undoubtedly have major effects on the region. This is specially true for Ecuador,
that has an important border with Colombia. Colombian guerrillas may begin to
target Ecuador should they sense that we are in full support of the Plan, aiding
both the US and Colombia in its fight. But I very much doubt that they will in
Ecuador get to be more than a shadow of what they are in Colombia.
We have to distinguish two levels
of possible guerrilla involvement in Ecuador. One of them through infiltration
while fleeing the Colombian army, or for rest, or for procurement of some logistics.
The other, through deliberate attacks and actions.
We have been having the first
cases for some time now. Some people believe some sort of unwritten non-aggression
pact has existed for many years between Colombian guerrillas and Ecuador's army.
The fact is, we have been in relative peace for many, many years. In any case
and whatever the reason for this, things are likely to change over the next months
and years.
Ecuador seems to be gearing up
for the possible scenarios which may come. I trust our armed forces to be much
better than the Colombian, and our territory is considerably smaller. Remember
we held our positions against the Peruvian army in 1995, inflicting it with great
damage. This war was fought in the same terrain where guerilla warfare is fought,
in the jungle.
Ecuador can not hide its actual
support of the Colombia Plan, and the Manta Base may be an example for this, but
it is keeping as low a profile as it can, so as to not stir things up with the
guerrilla.
I believe the best thing that
can be done regarding drug trafficking and guerrilla is to give it an all out
fight, with a very intelligent and coherent plan. Hiding will lead our countries
nowhere.
I trust that the implementation
of the Colombia Plan would weaken drug traffickers and thus the guerrilla.
It is very probable that Ecuador
will see increased guerrilla activity in the next few months and years. But I
trust our army and law enforcement will keep it at bay as much as possible. In
any case, I don't expect it to be nearly as evident or as harsh a presence as
it is in Colombia.
All of Ecuador is suffering from
increased levels of criminality since some years ago. And Manta is no exception
to this. The situation of insecurity in Ecuador is much less dramatic than in
Colombia or Peru, but nonetheless quite worrisome.
In Manta, the same as in other
cities, sufficient care and common sense should be exercised. Being careless may
be asking for trouble and the same is true for the rest of Ecuador, and for almost
anywhere else in the World for that matter.
I know many plans are being implemented
specifically for Manta. Recently crime enforcement has had big successful strikes
against organized criminal bands operating there and throughout. Manta is getting
much more control than other cities, the US Base being one of the reasons for
this.
As Ecuador is receiving a huge
bonus in its budget due to high oil prices, this surplus may allow us to better
reinforce security.
I don't see Colombian guerrillas
striking at Ecuador right now thus giving us a direct reason to hit them back
and involve ourselves much more against them than we may already be.
Personally I don't believe either
the Colombia Plan our relative level of insecurity should come in the way of good
investing in Ecuador. With the exercise of common sense you should not be exposing
yourself any more than elsewhere.
Please do not hesitate to contact me should you
have any doubts.
Best regards,
Andrés
More on the US Military base in Ecuador
http://www.twnside.org.sg/title/1931-cn.htm
We have continual Ecuador
real estate tours.
I hope to see you in Ecuador. Until then, good
investing!
Gary
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