The lowest GDP per capita in entire South America prevails in Bolivia, in spite of rich natural resources, particularly petroleum and gas reserves. In fact, the natural gas reserves of bolivia are the second largest in South America. Poverty levels hover around 60%. The annual growth rate was around 2.5% in the beginning of the decade. However, the political upheavals had stunted the growth of bolivia severely in the last 7-8 years. Tourism industry had been growing in this decade slowly, contributing to some economic growth and Bolivia real estate activity.
Real estate in bolivia is expected to grow in the coming decade strongly due to the low property prices, compared to other Latin American countries. However, international real estate investors had not fully realized or appreciated the potential of Bolivia real estate for sale and Bolivia rentals. The main reason is that Bolivia is a mountainous country, further hidden by larger countries like Brazil, Argentina, Chile, Paraguay, and Peru. The Andes Mountains attract adventure tourists and visitors that like the old Inca ruins Biking on the Death Road from Yungas, the origin of the Amazon Basin
The land reform policy implemented by Evo Morales elected as President of bolivia in 2005 had somewhat complicated the prospects of Bolivia real estate listings. The new policy requires that large estates be broken up and the small parcels redistributed to the impoverished citizens of Bolivia. This reform was necessary to change the situation, where about 10% of the population owned around 90% of the landed property of Bolivia.
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