In Bolivia, it’s common to see really costly houses and other types of properties located in the most exclusive or commercial areas and neighborhoods of the country. Even more, almost every downtown of any major Bolivian city has properties that easily pass the $1 million mark in price, and it’s not very difficult to find up to $3 million houses.
The most expensive houses in Bolivia, without being very eccentric properties, have an average sale price of $3 million. The most costly apartments are around $250,000. The most expensive 40 story buildings are around $60 million. In Bolivia, it’s very difficult to find homes over $10 million or more.
Here we are going to talk about the common prices found for really expensive houses of Bolivia, including other types of properties, like apartments, lands and buildings. We’ll also show you the reasons for these properties to be so expensive and why it’s very difficult to find extremely costly houses above $10 million here. We are Bolivian real estate experts (see our Bolivian website).
Prices of really expensive houses in Bolivia
Bolivia has houses that are really expensive, at least from the point of view of Bolivian people. Some of these homes can have sale prices for around $3 million dollars, but also it is really difficult to find houses with prices higher than this amount.
If you look at the top 1% of the most expensive houses that exist in Bolivia, you will find the following characteristics:
- They are located:
- In the most exclusive neighborhoods and areas of major cities of Bolivia.
- In the most commercial areas of Bolivia.
- In the downtown of major Bolivian cities.
- The lands of these properties, without any buildings, have a price of between $90 to $150 per ft2. Then, a common 4,000 ft2 land lot of these very expensive houses can reach a sale price of $600,000.
- The construction costs of these very expensive homes are between $50/ft2 and $100/ft2 on average. Then, building a common 3,000 ft2 luxury home inside these lands can cost up to $300,000.
- So, in the market, these houses normally have sale’s prices of around $1 million. For example, a common on 4,000 ft2 property with 3,000 ft2 luxury home inside ($600,000 + $300,000 = $900,000 + profits) can have a sales price of around $1,000,000 in the market.
As you can see, a common house in Bolivia located in an exclusive neighborhood, in a very commercial area or in the downtown of the city can very easily pass a sale price of $1 million.
In this country, houses can be very expensive not because of their construction quality, incredible design, or luxuries, but for their location. It’s very rare to find a house here that only because of its design, quality of construction or extravagances reaches an astronomical sale price. In reality, what really valorizes most houses in Bolivia is where they’re located.
In first tier countries, it’s easy to find houses of $10 million or more, unfortunately this type of houses are almost non-existent in Bolivia. Instead, what you’ll find is that the wealthiest people here owns properties of around $1 million to $3 million and these properties are located in:
- The most exclusive neighborhoods of major Bolivian cities:
- Calatoto and San Miguel in La Paz.
- Cala Cala in Cochabamba
- Equipetrol and Urubo in Santa Cruz.
- The downtown of major Bolivian cities:
- The historical downtowns of these 3 major cities.
- The most commercial areas in these cities:
- La Ceja in El Alto.
- Max Paredes in La Paz.
- 2do Anillo (2nd Ring) in Santa Cruz.
- La Cancha in Cochabamba.
Very extravagant houses with a lot of luxuries are almost non-existent in Bolivia, here you are not going to find very rich neighborhoods where these houses may be located. This is due to the fact that a really wealthy person in Bolivia (with a net worth of around $30 million) is just an average rich person in a first world country, so he can’t afford to build or own really expensive homes similar to the ones that are found in first tier countries.
The richest neighborhoods in Bolivia only have houses that are comparable to a house that belongs to a high-income person from a developed country like the US. These houses are commonly appraised at $500,000 to $3,000,000.
The most expensive real estate properties in Bolivia
Now we are going to show you the most expensive houses, according to the type of real estate property, that are available here:
- The most expensive single-family homes.
- The most expensive apartments.
- The most expensive land lots.
- The most expensive buildings.
|Type of expensive property||Most expensive units’ price||Average price|
|Luxury single family homes||$3,000,000||$1,000,000|
|Most costly lands (4,000 ft2)||$600,000||$400,000|
1) The most expensive single family homes
Single family very expensive houses are common to see inside the most exclusive neighborhoods of Bolivia, in which you’ll find that the average price is $750,000 for a house. Is worth mentioning that a lot of foreigners and expats can be found living in these neighborhoods.
These properties normally have prices that range from $500,000 to $1,000,000 in most cases. Rarier homes, the outliers of these neighborhoods, can go up to $3,000,000 or more.
2) The most expensive apartments
The most expensive apartments are located again in the most exclusive neighborhoods where the richest people of Bolivia live, and also a lot of expats. These apartments are inside condo high-rises that can go up to 20 or 40 floors in the sky.
A 2-bedroom 1,000 ft2 luxurious apartment can have a price of $120,000. A 4-bedroom 2,000 ft2 apartment of this type can have a price around $250,000 or more.
3) The most expensive land lots
The most expensive urban land is also located in areas where there are many rich people or where there is a lot of economic activity. These land lots are used in the construction of multi-family high-rises, commercial malls or luxury houses in exclusive wealthy neighborhoods.
These land lots have prices that range from $90/ft2 to $150/ft2, so a common 4,000 ft2 land lot can have a sale price that goes from $360,000 to $600,000.
4) The most expensive buildings
There are a lot of buildings and high-rises built in the major cities of Bolivia. Some of them are very tall and can go up to 30 or 40 stories. These buildings are mostly condos, owned by a lot of different families, each one with their own apartment. An average 10 floor high-rise in Bolivia can cost around $1,500,000.
But very expensive high-rises, of 30 to 40 floors (the highest size at this time in Bolivia) can have a price of up to $60,000,000, one example of these buildings is the Torres Mall high-rise, located in the central part of La Paz city.
The apartments located inside these buildings generally are also luxury units that have sale prices of around $150/ft2, so a 1,500 ft2 apartment in these expensive skyscrapers can have a price of $225,000.
The most expensive houses to rent in Bolivia
We’ve just shown you the details about the most expensive properties to buy in Bolivia, now we are going to talk about the most expensive properties to rent in our country.
The most expensive single family houses to rent
The most expensive rentals available in Bolivia are in the range $3,000 to $5,000 per month, the same most expensive single houses we showed you in the above section have these rental rental prices. Then, you could expect to rent a $1,000,000 house for around $4,000/month in Bolivia.
There are some few cases in which it can be seen houses for rent for about $10,000 a month or more, but it’s rare to find these rentals available on the market. The property with this rental amount corresponds to a >$2 million house.
The most expensive apartments to rent
The most luxurious expensive apartments, located in the best neighborhoods and most commercial zones of Bolivia are available for rent at the rate of 0.7$/ft2 per month, then, if you want to rent an apartment like this of 1,500 ft2 in size, it’ll cost you between $900 to $1,200 per month.
But there are even larger, rare and costly apartments of 2,000 ft2 or 3,000 ft2 in size that can be rented for a monthly payment of $1,500 or $2,500 respectively.
In this note, you’ve realized how costly really can be the most expensive houses in Bolivia and also other types of properties like lands, apartments and buildings. We have shown you that the most expensive single family houses in this country are around $3 million, with an average price over $1 million.
Also, you’ve seen that the most expensive land lots, with an average extension of 4,000 ft2, you can find in the country are around $0.5 million. Additionally, the most expensive apartments available on the market for sale are at an average price of $250,000, finally the most expensive buildings and high-rises of Bolivia are around $60 million.
You have also seen that really expensive properties in Bolivia are not expensive because of their design, extravagance or luxury, but more because of their location. Properties that are located in the best and most exclusive neighborhoods, in the most commercial areas or in the downtown of the cities are the most expensive ones. Finally you have seen that single family houses of >$10 million are almost non-existent here.
We hope this information has helped you, and if you want to know how much all types of houses really cost in Bolivia, including cheap houses and average houses, visit our dedicated guide in the following direction: How much does a house cost in Bolivia? All the numbers and facts.
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