Undoubtedly, absence in Bolivia of a full-fledged outlet to the sea is the main factor making an adverse effect on formation of a tourist traffic. Finally it pours out in quite low indicators of sales of local housing to foreign citizens. However low prices for apartments and the earth attract the buyers having idea of the market of the Bolivian real estate and about the market of South America as a whole. As a rule, it is representatives of business from the USA, the European region and Mexico.

Sale and real estate purchase in Bolivia

Owing to insufficiently great demand on local housing the Bolivian authorities don't need a protectionism, urged to protect the market from mass speculative transactions. So, any citizen who isn't the local resident, has the right to buy real estate in Bolivia, based on uniform rules.

However the land market, in particular the market of large agricultural grounds, is historically concentrated in hands of small group of landlords. Trying to change radically a situation, the government imposed restriction on purchase and sale of the land plots of the big size.

Rent in Bolivia

The Bolivian market of rent of housing is at considerably less developed level in comparison with neighboring states. The majority of the foreigners, wishing to rent the apartment, visit Bolivia on business matters.

A little more popular service is house rent: low rent rates attract both businessmen, and few tourists.

Apartments in Bolivia

The most part of the apartments which were offered to sale is concentrated in southwest part of the country: the cities of Sucre and La Paz, being official and actual capitals of Bolivia. The bulk of transactions passes in price range from 30 to 40 thousand euros. Certainly, as well as in the majority of the developed countries, the average cost of square meter is extremely dependent on the geographic location which influences a crime rate and social security of the region.

The citizens, planning to buy the apartment in Bolivia, should pay close attention to legal verification of the documents certifying the property right as the market of insurance of transactions still is in a regulation stage.

Houses in Bolivia

Opportunity to buy the house in Bolivia is available already at accumulation in the size of 50-60 thousand euros. Thus the cost of the majority of options, including elite country houses and the ranch, in a small amount the states presented in the territory, is formed, generally at the expense of the size of the adjacent earth. Certainly, quality of construction and internal finishing also influence formation of real estate price, however the services provided by local contractors, don't differ a special variety.

In comparison with the room market, sale of houses has big success, being quite popular solution of a housing question or possibility of investment of available funds.