Living and Retiring in Bolivia

A beautiful and inexpensive place without a tourist inare always tempered by cooling breezes.
sight. Sound like a dream? It's not. This slice of paradiseBolivia is a republic with a presidential system of
does exist. Nestled high in the Andes Mountains ofgovernment. Its fully democratic, American style
South America, Bolivia is a little-known retreatsystem retains the respect of individual rights and
exotically spiced with a unique Latin and Nativefreedoms.
American flavor. Bolivia has a lot to offer...a very lowBolivia enjoys a remarkably low crime rate, with violent
cost of living, unspoiled natural environment, friendlycrime being virtually unknown and theft not
people and a range of climates to suit virtually everycommonplace.
taste.Americans, Canadians, Australians and most
Property prices are among the lowest in Latin AmericaEuropeans don't need a visa to spend up to 90 days
and it has the potential to become the world's nextas a tourist in Bolivia and nonresidents may buy
great expatriate haven. Bolivia has long been aproperty. Live the good life on less than $9,000 a year.
favorite destination of adventure travelers, yet fewBesides the fact that there's no such thing as a rat
mainstream American and European tourists make itrace in Bolivia, its biggest asset is its cost of living. You
to this secretive outpost. Why? Well, perhaps it'scan stay in a clean, friendly hotel in the city center for
because Bolivia isn't a destination you stumble across$8 a night (or US$125 per month) where every meal
by accident. Shrouded by great mountain ranges, it liescosts less than $3. Groceries are up to 70% cheaper
hidden between Brazil, Chile, Argentina, Peru andthan in the United States or Europe. A routine trip to a
Paraguay.good English-speaking doctor will set you back no
The country's most famous visitors were Butchmore than $20. You can take in an American movie
Cassidy and the Sundance Kid, the American outlawsfor only $2 or get a taxi across town for as little as 80
who fled to South America in the early 1900s - theycents. And you're certainly not going to have high utility
are said to have had their last stand with the Bolivianbills: Electricity and heating costs average $15 a month.
army and are buried here. As recent as the 1980s,Cheap Real Estate
wise old men in towns throughout the Bolivian highlandsTo give you an example of the costs, here are some
could be heard gossiping about the fate of two ofproperties on offer right now:
America's most notorious outlaws. In Bolivia, mythsA 4-bedroom, 2-bathroom, 2500-square-foot home in
come thick and fast, and one legend has it that thean affluent neighborhood with a large garden, a
Incas have an underground network of secretgarage, an alarm system, and every modern
passageways on an island located in Lake Titicaca,convenience, for $75,000.
which is praised by visitors as being one of theA 2-bedroom, 1-bathroom, 800-square-foot apartment
deepest blue and most beautiful bodies of water in thewith a dining room, a kitchen, central heating, a balcony,
world.and parking, costs $15,000.
Leave your worries at homeRentals are downright cheap by First World standards.
Bolivia is one of those countries that seduce youApartments begin at around $75 per month for
through sheer personality. The colorful bustle of itssomething small, with houses starting at the $200 mark.
markets and street vendors, the liveliness of its nightlife,You could certainly rent a nice two-bedroom
and the charm and friendliness of its people, make itapartment in one of the best parts of town for $175 to
one of the most livable places in Latin America. Bolivia$350 a month. And you can lease a luxury
has a bit of something for everyone: charmingthree-bedroom suburban home would rent for
old-world colonial towns with great restaurants,between $275 and $400 per month; homes with
museums, and nightlife, as well as slow-paced cozyprivate swimming pools start at around $500 monthly.
developments in rural areas near indigenous villages,Recently, I helped a client find a lot to build on for less
where hunting, gathering and fishing are a way of life.than $5000, with good shopping, a lake and the airport
The climate is another plus. Temperatures in Boliviaall in walking distance.
range from the mid 60s to the low 80s, with theThese deals and many more make little-known Bolivia
average being in the mid 70s. Even the hottest daysworth investigating.