Nestled in the east-central part of the South American continent, with the imposing Andes mountains along its western stretches and low-lying open fertile plains and jungle in its eastern areas, landlocked Bolivia is a charming country rich in culture and ethnic diversity. With dozens of indigenous communities, as well as a significant portion of the population of roughly 9 million being of European descent, modern Bolivia has a little bit of everything to offer those that choose to visit, or stay.
Generally, motives for moving to Bolivia include the extremely affordable cost of living, the astounding natural beauty of the countryside, the plenty natural resources begging to be developed, and the burgeoning tourist economy. The peculiar cultural mix of Spanish and Native traditions have yielded an admirable national folklore, and its associated music and dance styles make Bolivia stand out in all of South America as a destination for great festivals and carnivals. The “devil dances” and other curious customs can be seen at venues like the Carnaval de Oruro, well worth a visit.
The official languages of Bolivia are Quechua, Aymara, and Spanish; the former two represent the largest, most dominant native communities to have withstood the colonial era of Spanish hegemony.
As stated above, Bolivia sits on some of South America’s largest natural resources, including the regions biggest natural gas and fresh water reserves, which have turned the eye of many investors, both local and foreign. However, the nationalization of several key sectors of the economy by current socialist president Evo Morales has kept these resources in state hands, at least for the time being.
Nonetheless, making investments in Bolivia is a very attractive endeavor that has brought in a lot of foreigners seeking cheap land and wide open spaces. Given the exchange rate, which is very favorable for dollar-holders, property prices are astronomically low.
For visas to enter the country, there is a fee of $85, and beyond general documentation like passport, travel itinerary and so on, you must present a certificate of vaccination against yellow fever, which periodically causes serious problems in the country, especially in rural communities. Consult the consular site for specific info.
For help with deciding what real estate investments to make, should you be moving for the long haul, check out Realigro, which has excellent property listings. Then, for an idea of what some of the nicer destinations within the country are—go to Touropia.