Terrabienes manager spoke out to questionings of Prosecutor and affected

Jorge Ortega Trujillo, general manager of Terrabienes, dispelled this March 3 the rumors and fears of those affected by the real estate company, who feared theflight abroad of those responsible of the company. He showed his face to prosecutor Walter Suárez and before about twenty...

Alleged affected by Terrabienes submitted a complaint to the Prosecutor´s office

A group of roughly 40 people, supposedly affected by the Terrabienes real estate company, protested on Thursday morning of February 19 at the Plaza de La Merced, in front of the Prosecutor´s office of Guayas. With shouts and banners they demanded the repayment of the money paid...

Real estate companies are not accepting credit payments from the Biess

The financial institution of the Ecuadorian Social Security Institute recognized that credit delivery takes an average of six months. However, explains that this figure refers to the `scheme and previous system, i.e., the one the Tata company used to manage´.   On February 17,...
New regulation benefits buyers, but affects builders

New regulation benefits buyers, but affects builders

The new regulation for the functioning of real estate companies will benefit buyers, according to Guillermo Salcedo, Manager of Salcedo International. However, he added that the cost of the works will be higher, so they “will need a real capital to carry out a...

Real Estate Sector has new operating rules

For the purpose to regulate the operation of the estate agents, the Superintendency of Companies has enforced new rules and guidelines for these companies to operate correctly in the market. The regulation, in  force since December 18, stands out the prohibition for real estate...