5,000 foreigners prefer basin for your peace of mind

Cuenca, Azuay capital which today celebrates the anniversary of its founding, has become in the last 5 years the favorite destination for retirement retirement or do foreign business.

The city attracts by its contrast between the heritage and modern, for its climate and its tranquility city; his landscapes and the four rivers that surround it, in addition to the security provided.

Basin is mainly visited and resided by people of Europe and United States, attracted by the low cost of living that represents them. Although most came to rest, there are those who built their own companies or businesses, such as restaurants and cafes, or work in them.

Galo Cárdenas, director of the Office of Council of Coloaustro, law firm that transacts foreign residences, explains that many foreigners receive pensions of between $800 and $1,500, hindering them life in the United States by its high cost of living. It is that live in our city used them to pay rent, food, health, and even for fun, “he said. But there are also groups that can cancel higher costs such as $500 or investment property rentals estate exceeding $200 thousand.

The Chamber of Commerce of Cuenca estimates that they are close to five thousand foreigners who have chosen this city to live in; of them, he says, 95% comes from US.UU., 3% of Canada, 1% equal percentage of Australia and Germany.

As well as Cuenca, Salinas, in the province of Santa Elena, is becoming a destination of foreigners into retirement.