Buy Now in Quito
Date: 10/09/2003Dear International Living Reader,
Quito is celebrating the 25th anniversary of being the first city to be named Patrimonio Cultural de la Humanidad (World Heritage City) by UNESCO, and is making a lot of progress in its Old City region. The city has started to renovate its older buildings and develop bustling shopping centers in the wonderful old colonial houses that are here. The old cobblestone streets are shining and the restored facades of old houses look wonderful.
The local government has marked the six main streets around the Independence Plaza for special development, where they intend to put top-name stores.
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A five-star hotel two blocks from the Presidential Palace is opening soon. Two luxury restaurants and several cafes are now located around the main plaza and inside the old monasteries of Quito.
Construction companies are now buying old houses to renovate and sell on to people who want to live in the rejuvenated Old City.
For example one project by Balcon de la Cuenca has 33 apartments and overlooks a valley with spectacular views of the tops of churches and the rest of the city. They offer apartments for only $17,000 and expect prices to increase.
Another project in the Old City is being developed by Fundador--27 apartments offered at $19,000.
In the Old City many of the old houses there can be converted into units for living or commercial uses, such as restaurants. My advice: buy now. You can still find beautiful old colonial houses for sale here that you could renovate into apartments, cafes, hotels, or offices.
Santiago Guaminy
For International Living
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