CAPADEI Dialoga 2025: A Strategic Conversation on City, Housing and Investment

A collective reflection on infrastructure, financing, urban planning and the role of the sector in the new cycle of real estate growth.

On November 19, CAPADEI convened its members at the Hotel La Misión for a new edition of “CAPADEI Dialoga 2025”, an internal conversation space that seeks more than a simple assessment of the current situation: to define together what the work axes of the guild will be in a context where the real estate sector has been successful, but operates on a fragile base in terms of infrastructure, financing and public policies.

In addition to its institutional role, CAPADEI is today a space that brings together a broad and diverse set of actors in Paraguayan real estate development. Its members include established companies representing different scales, approaches, and trajectories within the sector: ZUBA, Altius Group Paraguay, Urbanica Bienes Raíces, Habitalis, Matrisa Desarrollos, Altamira Group, Raíces Real Estate, Vivabien, Genus, Aquino+, Insignia, AZ Inversiones, EYDISA Desarrollos Inmobiliarios, Urban Domus, Creo Inmuebles, Salum & Wenz, CCI, Acostruir, San Gerardo Inmobiliaria SA, Escala Desarrollos, Fortaleza, Eminent, Gómez Abente, Petra Urbana, Grupo Barcelona, Paraguay Development, Blue Tower Ventures, Tierra Alta, GONU Desarrolladores Inmobiliarios, Julio César Delgado Arquitecto, Miaterra, Romanach Mercado Arquitectos, Itasã, Arq. Gustavo Masi Constructora SA, Inmobiliaria del Este SA, Constructora Gómez Núñez SA, Blok SRL, Codas Vuyk, and AGB forms a business ecosystem that encompasses everything from large-scale developers to firms specializing in architecture and construction. This diverse group is part of the association's differentiating value: the ability to bring together different perspectives under a common agenda, strengthening the sector's representation in the public discourse.

One of the major objectives for next year is to solidify CAPADEI's position as a leading player in building a safer and more reliable environment for the growing wave of foreign investment and migration currently impacting the real estate market. Paraguay has become an attractive destination for both investors and families who choose to settle and start businesses in the country, and the association understands that this influx should not be seen merely as a temporary business opportunity, but as a structural phenomenon that can redefine the urban economy and social fabric. The association's roadmap includes working on quality standards, transparency mechanisms, and potential seals or certifications to distinguish developers with sound and sustainable practices, so that investors, both local and foreign, perceive the formal market as an orderly, predictable space aligned with best practices. The goal is not only to protect capital, but also to safeguard the reputation of the sector and the country as a destination for real estate investment.

The association's agenda for next year also centrally incorporates discussions on infrastructure and urban planning. CAPADEI understands that the success of real estate development in recent years has often been built "in spite of" existing infrastructure, not "thanks" to it. The Chamber aims to move beyond simply noting deficiencies, insufficient energy for new projects, drainage and sewage systems stretched to their limits, deteriorated streets, a lack of transportation solutions, and a degraded historic center, to formulating concrete intervention proposals. Among its objectives are promoting area revitalization models, fostering responsible densification schemes, and collaborating on the design of technical criteria for future ordinances that prevent tax or regulatory decisions disconnected from the logic of sustainable urban development. The underlying vision is clear: without infrastructure and planning, real estate growth loses sustainability and limits its capacity to continue generating well-being and economic value.

In terms of financing, CAPADEI aims to strengthen its role as a facilitator between the private sector and public and financial institutions. The Chamber does not operate on the premise that “there is no credit,” but rather that current models are not achieving the necessary reach and scale to transform access to housing and stimulate domestic demand. The strategy for 2026 includes promoting effective working groups with the Ministry of Housing, the AFD (Development Finance Agency), the banking system, and other organizations to redesign credit instruments, review caps, terms, and guarantee schemes, and explore solutions such as more flexible financing structures, mechanisms for recovering properties, and models inspired by successful international experiences. The goal is to contribute to an ecosystem where developers, banks, and the government share a common vision on how to scale housing and real estate development financing without shifting excessive risks to any of the parties.

CAPADEI also considers strengthening inter-sectoral coordination and the capacity for joint influence on public policy a priority. For next year, the Chamber seeks to move towards greater collaboration with other corporate actors in the construction, banking, supplier, and related services sectors. The intention is that major discussions—urban infrastructure, housing credit, incentives for formalization, construction regulation, and investor protection—will be addressed from a shared agenda, rather than from isolated positions. From this perspective, the union of trade associations is not conceived as a partisan political front, but rather as a technical and sectoral platform capable of proposing solutions, challenging inefficient models, and supporting the government in designing policies more aligned with market realities and the needs of cities.

The meeting concluded with a reflection on the sector's role in the Paraguayan economy and society. Real estate development has not only generated buildings and new neighborhoods; it has also boosted entire value chains, strengthening suppliers, incorporating new materials, creating skilled jobs, and contributing to modernizing the country's urban landscape. However, this success comes with a responsibility: it is not enough to continue building against all odds; it is necessary to focus on the quality of the city, the infrastructure that supports it, the formalization of the market, and the protection of investors who invest in real estate. “CAPADEI Dialoga 2025” made it clear that the industry is aware of the challenges, and that the major challenge for next year will be to transform this shared assessment into a concrete roadmap, with less fragmentation, more information, greater coordination, and solid proposals that can be jointly presented to the authorities and society.