La Paz City is the No. 1 Metropolis in Bolivia; is The highest City With Many Gateways and Attractions in Latin America.
It offers vast, snow-capped Andean peaks, spectacular canyons and huge expanses of high plains and lush, unexplored rainforest. It's culture reflects a rich Inca heritage. Being little visited and pristine, Bolivia offers visitors a fascinating and genuine glimpse of South American life.
La Paz is Bolivia’s principal city and, at 3,600m, is the world’s highest capital. The drive from the airport is unforgettable.
Live Rent-Free With The Anticrético
An unusual and potentially advantageous aspect of the Bolivian property market is the concept of the "anticrético", which applies to the rental sector. An anticrético is a contract to rent property whereby the renter pays the landlord a fixed sum at the start of the rental period in lieu of paying monthly rent. The interesting part is that at the end of the rental period, the tenant receives the sum back, in full, from the landlord, giving him in effect rent-free living.
What's the catch? Well, there are two principal factors to consider to help determine whether an anticrético is right for your circumstances. First, the minimum period for an anticrético is generally one year - giving the landlord ample time to invest your payment. Compare that to rented properties that can be taken for periods as short as one month.
Second, the sum you pay is not just the lump-sum equivalent of twelve months' rent, but a multiple of maybe three or four times that. For example, if a property is available to rent for US$1,000 per month - an equivalent annual rent of US$12,000 - an anticrético for the same property might cost in the region of US$40,000.
From the owner's perspective, if you want to live rent-free, i.e. receive all your money back at the end of the rental term, you need to pay a principal that the landlord can invest meaningfully, making the deal worthwhile for both parties.
Agreements are legally binding, so you are guaranteed to receive your anticrético back, but tenants need to weigh up, in this example, the US$12,000 rent savings with investment returns they might otherwise achieve on the initial US$40,000.
American Airlines flies daily to La Paz from Miami. Return fares from Miami start from US$950 economy class and US$3,591 business class, including airport taxes. Reservations can be made in the USA on 1 800 433 7300 and at Airline Tickets and Airline Reservations from American Airlines | AA.com.
La Paz Skyline: The First Bolivian Metropolis