Ecuador may not be as well known as other retirement destinations, but real estate developers like Pronobis are creating idyllic communities where expats will feel right at home, while enjoying all the enchantment that Ecuador’s varied and exotic climate, geography and cuisine, as well as its warm hospitality have to offer.
“For many Americans, Canadians and Europeans, spending their retirement years as expats in a country with all the appeal that Ecuador has is akin to finding heaven on earth. Retirement abroad is a romantic and enriching experience, as long as it is done with the support of a well-reputed specialist capable of blending clients’ needs with the actual possibilities the country offers,” says Sergio Torassa; General Manager of Pronobis.
A 16-year old firm with more than $500 million worth of projects in phases of development, planning or design, Pronobis chose a coastal site near Engabao –some 60 miles southwest of Guayaquil – to create what will be a ground-breaking development for the country. Dubbed Karibao (a portmanteau of Caribbean and Engabao), will cater to up-market foreign retirees.
“We think the coastal region near Guayaquil, due to its climate (declared the second best in the world by UNESCO), facilities, cultural affinity and infrastructure, constitutes an excellent destination for retirees from the U.S., Canada and Europe who wish to live abroad,” explains Mr. Torassa. “To cater to this segment we’re developing Karibao: the Caribbean at Engabao, a mega project spread over 250 acres and that will include everything residents could possibly require.”
Karibao will feature a golf course, a 17-acre artificial lagoon (the world’s third-largest, built by Chile’s Crystal Lagoons), between 20 and 30 buildings to house up to 10,000 people as well as sports and recreation centers, bars and restaurants, supermarkets, bakeries, pharmacies, a spa, gas stations, shops and health centers. And then, of course, there are the breathtaking views of the beautiful virgin beaches surrounding the complex.
Mr. Torassa says that in order to attract buyers in target markets and guarantee a perfect match between their expectations and the conditions of the project, Pronobis is forming strategic alliances with reputable local real estate operators who will serve as links and transmit to their clients the credibility needed to encourage them to invest.
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