Housing Reservations Rise 28% as Ecuador Builders Target 40,000 Units

Ecuador's housing demand indicators strengthened through April, with net reservations up 28% versus the same period in 2025.

The increase was described as the strongest annual reservation gain in at least three years. Reservations are a leading indicator because they represent buyer commitments to acquire a residential unit.

Credit And Activity Indicators

The Miti-Miti program carries a subsidized 4.99% rate. BIESS lending has also been supported by Credicasa, launched in January 2026 with a 2.99% rate.

Sales Target

Annual housing sales usually run around 30,000 units. If current conditions continue, builders expect sales to reach 40,000 units or more in 2026.

The stated operating constraint is municipal permitting and process speed. Sector representatives pointed to local procedures as a possible bottleneck for maintaining the current investment cycle.

What to watch

• Whether net reservations convert into signed sales in the second half.
• Whether municipal permitting becomes a visible project-delay constraint.
• Whether private lenders keep mortgage rates near the cited 6.5% level.
• Whether subsidized programs continue expanding without crowding out unsubsidized credit.