El Salvador Real Estate: Really cheap or really expensive?
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- Опубліковано 8 гру 2023
- What's the Real Estate market like in El Salvador? Can you pay for a house with Bitcoin? We joined the great people at Porta Real Estate Boutique to find out!
🏠 The first 5 people to use code PARADISEPPL will get a free 30 minute consultation with the good people at Porta-RealEstate.com! The next 5 will get 50% off, and everyone will get 10% off. Go: porta-realestate.com/
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#elsalvador #realestate #bitcoin #travel #expat #freedom #culture
Get your free 30 minute consultation with Porta Real Estate Boutique! Visit Porta-RealEstate.com and include code PARADISEPPL in the contact form.
The first 5 codes used will get the free consultation, a $200 value. The next 5 will get 50% off, and it's 10% off for everyone thereafter. UPDATE: Porta has generously offered an additional ten free consultations.
If you want to inquire about a property at Porta Real Estate Boutique, the consultation is free. If you want to speak with a top Realtor in Porta and you need information about:
- Market
- Prices
- Zoning
- Capital gains and other taxes
- Financing options
- Legal questions
- Closing costs
- Design and construction
- Payments with Bitcoin
- Payments with USD
These consultations are designed as a substitute for a round trip to El Salvador to answer these questions and develop insight into real estate in El Salvador.
vi unos lotes que publicaron en san diego de 35mil y 50 mil, mande mi informacion a su webpage y nunca nadie me respondio?
The problem with real estate development targeting foreigners, is that it makes it impossible for the locals to afford any property in the nice places, most locals are "condemned" to live on the ugly places due to the high property prices and low wages most locals have. In El Salvador it is happening the same that already happened in Costa Rica, where not only real state, but most things are crazy expensive due to the "gringo price" imposed by market speculators.
The prices are completely ridiculous. What justifies such exhorbitant prices? There's no infrastrucure to support these areas. No decent roads, no services (shops, hospitals, transportation, schools, etc. etc.). Don't get me wrong, I think El Salvador is beautiful and the people are nice, super-nice. Obviously there are people trying to take advantage and cash-in before people discover the reality. These people are not only taking advantage others, but they're actually hurting the locals -- how can Salvadoreños afford to live in a nice place? Shame.
Bukele is a smart man. I'm sure his administration will soon implement taxes for social and civil services. A great divide is forming as one taxi driver told me.
@CaballeroBC 😂 so smart that forigners are not paying taxes anymore, while small local bussines have hardwire caschier machines to tax even candies. Electricity price for salvadoreans has increase meanwhile the cheap electricity goes to producing Bukeles Bitcoin for his private wallet.
Thank you Ryan and Jessica for your kind words and the lovely video!
🇸🇻☕
I love the country a great deal, but I agree with various comments as the land values in El Salvador are insanely high vs. other countries. For example, take the development mentioned in Playa San Diego. They're asking $45,000 for 200 square meters (that's a 2,152 square foot lot btw). To put this in perspective, that's a per-acre price of $918,000 dollars. I haven't paid that type of price per acre even for a parcel of land that I purchased on the Sonoma Coast in California! We've been looking in the Lago de Coatepeque area, and there too the prices are sky high so this isn't a place-based problem, it's an issue impacting the entire country of El Salvador. Hey, we all buy want we want, when we want it. But, just know the economics going in as you make a decision. Peace
expensive for a country that has a developing infrastructure
So, you are telling me that in order for them to answer very simple and valid questions, these people will charge over 200 bucks? 30 min "free" consultations? Their services look more like a cheap law firm than a real estate company guiding you and looking over your interest. I wonder, if all real estate agents and firms are like that over there, if so, that's big no for me. Please change my mind.
House is more expensive than mine in New York. Such a bummer 😕
what an amazing video. each video is getting better and better. congratulations and i hope you have a successful future!
Ryan and Jessica, thank you for all the good information you provide.
Excellent video as always.
Our pleasure! And thank you.
Thanks guys. Great info 💖💖💖
Great video , thank you
Good video guys.
Great video, keep going the good work, thx Jessica & Ryan! 🥖🍞
Loved this video ! Thanks
Excelent information
Ryan and Jessica !
another really good and informative video. Love your videos ! Just waiting for the next one..Keep up the good work. Wish you ALL the BEST
More to come!
Expensive, Portugal still my number one choice at the moment
Thank you for your great information video :)❤❤❤ grreatings Almuth und Peter
you guys rock! love all of your videos
Thank you!
Beautiful.. everything
I am proud to the guy talking too. Nice to El Salvador. God bless you.
Removed a pony wall and install an island- space us still occupied.
Remove a door boxes you in and closes up space.
But i really enjoyed your content.
Looks like an opportune time to get in on the real estate market in El Salvador. Lots of great information here. Thanks for another great video guys! 👏❤️
I hope , all ms 13 or 18 don't come out from jail I hope bukeli can be president for ever beacause if he lost all this people will be free again 😢😢
Lots of new opportunities,nice video,,,,my next trip for sure
Thank you very much for the video. You folks are wonderful!
I must say though I'm having sticker shock. I'm a realtor and of course El Salvador is not my market thus much research is required. At first glance the fixer upper has some elemental structural issues for that price. There is some concern that prices are being inflated ahead of anticipation of demand.
As Canadians we find these prices incredibly low. Average house price in Canada is nearing half a million, and that's for small homes in disrepair in crime ridden neighborhoods. A home custom home nestled in the mountains, for example, would start at $800,000 up there, and the taxes would push it even higher.
@twopeopleinparadise I do understand your point of view. You both left Canada for very good reasons which one can see also being taken advantage of financially.
Muy interesante! Thanks for the videos and info. Insent them a message just now. 👍🏼
Adi rs muy hermoso amamos a nuestro pais y nuestros hijos wuieren conocer nuestras raices por primera vez ❤❤❤
Thx
Got my hurt pumping guys... outstanding video. God willing we'll be there in February 2024 wife and I planning to retire there - would be awesome to meet you!
I haven’t been keeping track on your latest videos. But I’m glad you’re still producing new content. I came across your channel since the first three videos. Hope you keep growing.
Where have you guys been? Nothing posted in 4 months. I hope everything is ok. I enjoy your videos and hope to see a video posted soon. Even a short one just to let us know if you are both well and happy.
I think they got some advertising gigs and are working hard at earning a living. Prices for everything there are going up faster than inflation, in my opinion. If you're all in like them, then "game is on" earning money to make your life happen. Especially if you need to buy a home. Those prices are rising practically weekly. It's no joke there if you're trying to get established.
Thank you for showing the real estate side of El Salvador
LOL, $200K for a "fixer upper!" Yeah we want to come for the great weather and all but heck, I can buy a fixer-upper in West Virginia, Kentucky, Tennessee, etc. for $10k-15K on good acreage.
I suppose it's all relative. There's zero-bedroom studio condos going for $600,000 in Canada, so to us a detached property right on a tropical beach in an ascending country for $200,000 looks really good.
I'm about to book a one-wayer to El Salvador
quick question............basically, if I turn up with a trezor or wallet..I can withdraw dollars from a BTC machine straight away..? .. or do I need to have some kind f residency or anything to do that? ....and how much % interest do I get stung per withdrawal.....is it 10%.....anything else I should know about that? ...thanks.....
Welcome! Keep your cold storage cold, and keep your day-to-day spending money on a wallet app like Blink, or if you prefer self-custody, Phoenix.
Ideally you'll patronize businesses accepting Bitcoin over Lightning, as that's the easiest and most convenient way to do things, but until you get a handle on those you'll need cash from the Bitcoin ATMs for the first little while.
The government's Chivo ATMs give the best market rates and minimal fees. You'll need a Salvadoran SIM card to use them, but these can obtained anywhere, just bring your passport. Highest fee we've seen was from the Athena ATMs, at 8%. Don't bother with those, they're tourist traps.
Once you have your residency permit, you can download DitoBanx wallet and request a Bitcoin MasterCard. These can be used anywhere MasterCard is accepted, including online, and will eliminate much of your need to use ATMs and cash. Check out our video with DitoBanx to learn more about that.
If we can be of any more help, drop us a DM on X, or email ryanjessicaexpats at gmail dot com. Best of luck to you!
I'm a local and bought a house in 2021 in San Salvador. That year prices were not that crazy. I remember I checked a very nice apartment in one of the nicest areas near the WTC. That year was cheap , it was just 124k. Now 2024 prices are insane. Seems like a bubble to me.
Do you mean that consultations with real estate people are not always free? Is that not always true? Usually the realtors get their commission on the sales they make not on initial consultations. Do realtors work differently in ES?
If you want to inquire about a property at Porta Real Estate Boutique, the consultation is free. The fee-based consultations are for individuals wanting information about:
- Market
- Prices
- Zoning
- Capital gains and other taxes
- Financing options
- Legal questions
- Closing costs
- Design and construction
- Payments with Bitcoin
- Payments with USD
These consultations are designed as a substitute for an expensive round trip to El Salvador to answer these questions and develop insight into real estate in El Salvador.
@@twopeopleinparadise all of what you mentioned should be able to be available from a realtor to a potential customer. It seems disingenuous that they would be able to talk about a property and not be available to answer common areas that the profession requires. No you don’t need a trip to ES to inquire about some of these issues.
@@gloval5187 that's exactly what I thought. All I'm seeing is overpriced places, and a very deceitful way of doing business. All the aspects you mentioned above are valid questions that anyone interested in buying would make, and what a realtor would gladly answer.
HOLA WILLIAM QUISIERA MÁS INFORMACIÓN EN LOS LOTES FRENTE AL MAR
GRACIAS
Ridiculously expensive it makes very little sense to buy
Hey you TWO, I miss YOU ❤
De aquí Kansas City Mo se están regresando para El Salvador y están construyendo sus casas en El Salvador
Lo mismo de aquí de Chicago Illinois los Salvadoreños que llevamos muchos años aquí ya no aguantamos el frío y ahora que nuestro país está gozando de mucha seguridad y desarrollo, ya estamos volviendo a nuestro país
I don't like septic tanks. Can it be normal sewage? Are solar panels in addition to regular electricity? And how often do they need to be changed?
To be on normal sewage you'd have to be inside a municipality. There is municipal water out there but not sewage, which is pretty standard throughout the country for the time being.
For an on-grid power connection, you'd have to contact Del Sur to have a line run out there. Would be pricey, but you might be able to coordinate with the other residents to get that installed.
As far as the longevity of the solar panels, we'd recommend reaching out to local solar power company Divine Solar for accurate info.
Hope that helps!
@twopeopleinparadise Thank you for the response and update, I understand. Those beautiful homes are out of the city area, and those utilities are out of reach for the moment. Totally understand, thank you.
how much did your move cost
Ryan and Jessica where are you guys! Missing your videos hope everything is going well
Came to El Salvador in September. Stayed in a AirB&B in Antiguo Cuscatlán. Immersed myself in the culture, did a ton of walking, rode the busses, visited El Tunco, Surf City on the coast. Came to investigate land opportunities and construction methods. Tons of security, felt safe on the streets, visited the Mayan ruins and famous volcanos, learned lots about it's history. The country is beautiful, people are very friendly and helpful, and there's lots of opportunity for hard workers and the young at heart.
How much did you get paid to spread lies on the internet?
Title insurance? Property tax.?
Awesome content. Please share more videos like this. I enjoy watching properties and new developments in ES as I am currently looking for an investment opportunity.
Hi Ryan,
Since you physically visited this places, can you please tell me which one you like, a day have good potential to raise family.
Appreciate your feedback
and have good potential.
Sorry for the typo
Speaking personally, we would raise a family in any of those three places. We like Tamanique best because it's embedded in nature, quiet and peaceful.
Thank you Ryan for your prompt reply. I register, hopefully I am in top five.
Buena Noches
Best of luck!
Muy bien hablando español , felicidades.
Muchas gracias! 😊
Excelente 😃😄 me sentí muy feliz por tu esfuerzo de hablar español
Wow.
Hola buen vídio y disculpen de dónde son ustedes 🤗 y suvan videos más seguido p
Saludos 🤗
💯🤜🤛
Could you show market prices? For groceries and products
Same as the US in the chain food stores. The mercados/ street vendors are cheaper but I would only buy veggies and vegetables.
@@CaballeroBC. Is coffee cheap tho, I don't think they have the strong coffee as we in south America have
ESTAN MUY FEAS Y MUY VIEJAS ESAS CASAS Y LO PEOR DEMASIADO COSTOSAS NI EN CANCUN ESTAN TAN COSTOSAS
Carisimoooo
how can we get more information on Mirador Del Mar we are in El Salvador looking fo a retirement place I am Canadian my wife was born in El Salvador Rosa and David
Awesome video. You guys got to check out El Tamarindo. Best fishing spot, beaches, views, lakes. Undervalued beach properties. A hidden gem.
Oh boy I'll be heading to EL Salvador in 2 weeks. I'm doing research and getting realtor feedback that home prices are jumping up. One property went up $20k in one month after some interest was expressed by a few clients. I'm seeing a fair amount of USA level pricing. Things are a changing in EL Salvador!
Prices are rising in a ridiculous manner. We had a list of land shown in December, and now prices have risen over 20k in a matter of days. Looks deceitful, but sure go ahead and take your chances, and please let us know how it goes.
@joeydaze6706 I definitely will share my experience since it will help others. I'm a loan officer and realtor in the US and will both take my time and conduct my due diligence. Different country different rules...
I did find out that appraisals have no bearing on the deal. It is like an inspection in the US and really for buyer edification. As such, a meeting of the minds needs to be met on value.
As promised I'm following up on my visit. I went to EL Salvador and devoted myself to seeing everything. Rented a car and went to all the areas mentioned in this group and others.
I'm sorry but being a realtor and loan officer in the states I'm seeing properties way over priced. Owners and realtors are getting way ahead of themselves. Well they can since there do not exist housing regulations, standards for pricing/valuation and laws like the US.
Case in point for one property in Berlin the owner wanted $350k. It has running water 10 days out of the month, terrible cracks in the walls, chipping paint, cracked tiles and 2 ferrel dogs sleeping at the front door also a homeless man laying on his back serenading to the neighbors.
Sorry but not for me. I suggest looking into planned development and buy land.
Whatsmore, there is really no property tax per say just a small municipal fee paid monthly. As EL Salvador grows rest assured residents will be taxed to assist the rest of the population. There are many people in need and now with real estate going through the roof (that some people will pay for) and cost of living going up ... as one cab driver told me it leaves the rest of the community so far behind.
Anyway it's a beautiful place. Go check it out ...
I like what El Salvador id doing with Bitcoin and all. But this stuff is for millionaires really. Don't think it wil be ooen to the average folk.
👍👍
I bought house in El Salvador 16 years ago and never thought is going be that’s expensive now , if someone is thinking to buy a house do it … thanks guys!!
Not worth buying in el salvador!
You guys are so so ❤sweet.
Vivo en Tampa florida
🙏🧡🧡🧡
Precios peor que en USA y Europa, que locura🤯
Hola cómo están interesada en saber sobre propiedades
Well dictatorship China is "investing " in my home country so it must be a good time to go and do same....
Prices have gone up in real state in el salvador in last couple of years.
Still more affordable then USA and Canada
The whole world loves your President. We wish we could clone him and distribute him to every country on this planet. Wouldn't that be a wonderful world!!!
300k
You should help the salvadorians living there.
i got my house for 50,000 in honduras. 275,000 is to high
Really expensive I just came back. In my opinion New York state prices for properties that need a lot of work. A lot of infrastructure is not setup yet. I bet taxes will be instituted soon to help the rest of the EL Salvadorian population. Right now in my opinion it will be best to do some research and find a resonably priced plot of land.
The agent said it was selling for cost. Cheap labor is $20/day, experienced tradesmen is $40/day. Materials are much cheaper then US and Canada
I can't see how this is justified. over priced and they are just gouging people coming there.
He said the price was close to cost, not at cost.
I'm quite certain they would be happy to break it down for you if you reached out with your inquiry.
Ya van subiendo los precios como los precios de Miami. $275.000 ? Esta locos. Ya ustedes los vendedores se quieren hacer millonarios. Soy Salvadoreño y con esos precios de las casas mejor me quedo en Miami. No jodan el país.
Demasiado caro.
🎉🎉🎉🎉🎉❤
Ventas. De. Casas. Se. Están. Poniendo. Muy. Caros. Muchos. Europeos. Ablan. De. Moverse. Para. El. Salvador. Será. El. Singapur. C. A.
Más salvadoreños que europeos se mudan a El Salvador. Gracias por ver
When I get rich I’m buying the most land in Central America idcc!!!
Rather a latino buy then un estranjero
Valuo bancario dice lo q vale cualquier terreno & casa en el salvador , DONT BUY WITHOUT a bank valuo of the house/land ... Learn before buying fron BS people
El Salvador is a nice country to to visit but living here is a very dangerous because El Salvador sits on a major fault line at any time they could have a major earthquake and the houses are not designed to withstand earthquake.....
Barbados and all Carribean and Latin leaderss need to go to Dubai, United Arab Emirates.
My concern is foreigners bringing their political ideology and preconceived bias into the country.
The foreigners who are coming are fleeing that ideology, and are joining with the local people to build and uplift the country and its people.
As Salvadoran I just want to say one ☝️ thing:
We Can Not Do It Alone 😔
We Need Your Help🙏
Let’s Rebuild the Country 💪
Feel Welcome 🫵 to Invest in Our Small Beautiful Country 🫶🇸🇻🫶
Y'all need to stop lying... I'll be there in a month... There's more than meets the eye... The fact that they are dollarized doesn't mean it's cheaper for Americans😂
No one has made that claim.
I'm out. Went there and it's not all that it's hyped to be. Realtors and owners are seeing green! They've lost their minds! The poverty is also extreme what about the 80% of Salvadorians who are barley hand to mouth? Good luck to those who dive right in.
Y las casas para los salvadoreños? Ya que ni Los doctores pueden pagar esa cantidad
Extremadamente caro, prohibitivo para los salvadoreños que viven en el pais
Dejalos que regresen, talvez asi abren los ojos y dejan de aplaudirle al Presi.
200m2 blocks?? What could you build on that? That is very disappointing. You couldn’t even have a back yard.
Using Bitcoin for this kind of construction is waste of value. To much expensive. Wait for mass Bitcoin adoption. Thank you for your video.
Using Bitcoin in all aspects of the economy is how we get to mass adoption
Of course you are right, but you have to remain realistic all the same. Regarding the value, we are far from reality. @@twopeopleinparadise
@@raphael77077 Fair enough!
Bien baratas 😂
not coming back because im gay but i love my mother country!
Yes they don't like gay people in El Salvador. I wish people were more open. It sucks!
Ok agapito
You’re so wrong!!! We appreciate your visit but we don’t want you gentrefying or buying up the place. Do you see that all the building is displacing very poor and taking away paradise to build and build. It makes me (sorry) cringe to hear you advertise our coffee. It’s insane but once all nature gets drained and colonizers have their fill, what will be left of our little paradise. Para todos los UA-camrs de El Salvador pónganse trucha
Great, cater towards foreigners that left the country decades ago, and forget about locals, hard working Salvadorans making 500/600 usd a month.
Most disgusting gentrification.
How is it considered gentrification if it's a Salvadoran real estate company, that is targeting a Salvadoran audience? Salvadorans who left years ago (for a better life for their children at the time) are STILL Salvadoran, and if you watch the video in its entirety you would know that William said that his team can offer services to anyone no matter their level of income.
Salvadorans who fled for their lives years ago are still Salvadoran. This is their country; they have a legal and moral right to come home.
Coming with them is a tremendous amount of liquidity for the local economy. They raise the demand for goods and services, which in turn raises the demand for labor.
When the demand for labor increases faster than the supply, wages increase. Workers attain the ability to save, and to invest in their homes and communities.
Immigration policy is heavily oriented around protecting the Salvadoran job market, i.e., ensuring that the supply of labor remains fixed while demand increases. It takes time, but the intent and effect of this policy is to drive wage growth.
Economic expansion benefits everyone in the country. Your plan, which seems to include shutting Salvadorans out of their own country, would be a return to the status quo. It would ensure that wages remain low forever, that local Salvadorans are presented with no opportunities, and that living standards improve for no one.
This is an opportunity for the El Salvador people or locals to grow their economies. study hard,work hard We need. software engineers. big powerful international companies are moving to El Salvador major international investments... we will see huge economic growth. I love bitcoin... we can not not think like a third world country. we need to expand our horizons and the world is changing technology and education will set us free. I will like to see more products with labels " made in El Salvador" I enjoy watching videos on this channel. I am thankful that this channel promotes positive content ... Salvadorean Renaissance is starting to take place.(education,technology,,etc,,etc... love this channel!
Could u make a collab or interview with other expats about their experience ever since they moved to El Salvador?
I watched your video about kids living there. I wonder what’s their parents take on private schools such as Escuela America, Liceo Francés, etc.
Because they do home school, but in those places kids grow up speaking foreign languages.
Sure thing!
@@twopeopleinparadisethxs
Any Whatsapp group chats for Expats? I am on my way but still a month until i get there, would like to get some real advice / information.
All it's incredible 🙏👍🇸🇻🏞️🎇