Posts Tagged ‘Rising prices’

Inflated Prices

Tuesday, January 24th, 2012

Looking at different brands of cereals in stores I have only been able to find what I call inflated pricing. I can say with certainty that the prices are inflated because an organization that promotes retiring overseas told me that food in Ecuador was cheap, and they never lie. They even have sent me pictures of $1.80 boxes of cereal so I know that those prices are still available if you know where to look.

Now that I am here in the local supermarkets I see prices as high as $4.50 a box for small boxes of cereal! I was able to find some cereals that cost as low as $2.00 but they were much smaller than I thought they should be and the quality seemed very poor. Some were about to expire and were therefore discounted. There was nothing I could find that I would even consider eating for under $2.50 and the stuff that I really wanted cost a lot more.
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Are Prices Going Up?

Friday, January 6th, 2012

What do you tell somebody who asks you about Real Estate prices in Cuenca?

You can tell them that prices are going up, everybody agrees on that, but how much are they going up? 
 

I hesitate to try to predict the future but what I can do is give you accurate information about where things are at today and where they have been over the last few years.  
 
 
 

PRICES HAVE BEEN GOING UP 
 

Our best metric for determining changes in price over time is the actual selling prices of newly constructed apartments. Based on that metric prices have gone up about 12% in 2009, 12% in 2010, and 16% in 2011. 
 

Note: Some people try to add these percentages on to the price that they paid for their property and then expect that much more when they sell. These are price changes for NEW construction and your place is no longer new. Also the price you paid and what your place was worth when you bought it are not necessarily the same figure. 
 
 
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