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Real Estate and Construction
Metrolvia
Institutional Mission
Develop standards, policies, guidelines, plans,
programs and projects for housing, drinking water,
health and solid waste through efficient, transparent
and ethical management to contribute to the good
life of the Ecuadorian society.
Strategic Objectives
a) Facilitate the conditions that enable lower income
families to access to decent housing, or improving
the substandard housing they have.
b) Improve and expand water supply and clean up
poor urban and rural areas, with high rates of pov-
erty, deficit and high population density.
c) Promote and encourage private sector partici-
pation in both financing and construction of social
housing programs and projects of drinkable water,
cleaning up and solid waste.
d) Provide support municipalities in developing
mechanisms and tools that enable them to man-
age the use of land and its occupation, in a way that
will improve social and environmental conditions of
towns and cities.
e) Encourage the participation of organized com-
munities, to facilitate the attention to the demand for
housing, drinking water, cleaning up and solid waste.
Real Estate Market
Despite the global economic crisis, Ecuador did not
feel beaten in terms of homes buying and selling.
According to the Ministry of Housing, in Ecuador
there is a housing deficit of one million houses.
Knowing this background, real estate firms offer al-
ternatives to meet customer needs. Thus, there is
the possibility of financing through direct credit from
banks or, the most affordable, with the IESS.
Real estate services in Ecuador have not declined
despite the crisis experienced in 2009. Just walk-
ing around big cities, such as Quito or Guayaquil,
you can see many houses and office buildings being
built.
Shopping Malls
Despite the large number of Shopping Malls built
in recent years, there is still the tendency to create
more. For instance, in the classy neighbourhood of
Cumbaya, 2 malls are being built at the same time.
Office buildings
The property development companies are aware
that office buildings have always been an attractive
investment. In Guayaquil, there is a large investment
by Coloncorp creating the “Ciudad Colón” business
city. Pronobis is another traditional and very active
player in these developments.
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