Manta, Montecristi, Jaramijó and Portoviejo are already considered important development points in Manabí. Only in Manta are projects between 70 million and 100 million dollars.
«Manta, Montecristi, Jaramijó and Portoviejo In a short time they could unite and form a megametropolis» specified Leandro Briones, former president of the Ecuadorian Federation of Construction Chambers.
“In 2020, when we were in confinement due to the pandemic, we thought about where to invest and we said Manta, we are going to look for land to develop a fantastic project that we had in mind,” Pablo Campana indicated for First fruitsexecutive president of Grupo Campana.
This real estate company is precisely in charge of building the Great Bay Manta projecta real estate complex made up of four towers of between 14 and 17 floors.
There are other cantons of the coastal profile such as Portoviejo (Crucita), Sucre (Bahía de Caráquez) and San Vicente (Canoe)which could attract real estate investments
Most properties in Manta are purchased from Quito and abroad
Dario Herreraambassador of the Ecuadorian Real Estate Chamber, expressed that there is great interest in investing and buying homes in Manta. The majority of investors are not from Manteños but come mainly from Quito and the United Statescould even be added investment by real estate companies in Europe and Asia.
Herrera also calculated that 40% of sales of apartments or homes in private developments in Manta are purchased from Quito, while 30% are from abroad.
Manta in the best time to invest in tourism and housing
In general, Manta already exceeds 120 million dollars in investment. The area with the greatest real estate projection is Barbasquillo, where there are 20 residential buildings. In addition, on May 1, 2024, the start of construction of Tower 3 of the Grand Bay Manta project was announced.
Millenium, real estate developer of the Campana Group, reported that “this will mark a new milestone in the urban development of the city and will offer an exclusive selection of luxury apartments.”
Each square meter of urban development facing the sea can cost up to $1,200. The reasons why Manta attracts a lot of real estate investment is because it has both a national and international airport and it is a spa where you can do business and tourist at the same time.