Private-Public sector alliance to drive real estate in Ecuador

Through a public-private sector alliance, around US$500 million will be invested in Ecuador's real estate sector (El Universo, 16 December 2016). During 2017,  three public tender processes will be held for the construction of housing units. Housing Public Company (EPV) Manager Monserrat Benedito estimated close to US$450 million will come from the private sector, while US$50 will be from the public sector in the form of land. The goal is to build a total of 12,000 homes in Guayaquil, Quito, Ambato, Ibarra, Quevedo, Santo Domingo, Santa Elena, and Manabi.