Paraguay has stood out as the country with the highest economic growth in the region during the last quarter of 2023, as revealed by the Quarterly National Accounts report of the Central Bank of Paraguay. With a positive rate of 4.9%, the country experienced an expansion that positioned it as a regional leader in economic dynamics for that year. This notable increase contrasts with the modest growth recorded in the last quarter of the previous year, where Paraguay reached 1.8%. The country managed to rebound significantly, also exceeding the 3.7% of the previous quarter. The real estate sector, sensitive to macroeconomic indicators, is influenced by this growth outlook. With the economy expanding, greater dynamism is expected in the real estate market. The increase in economic activity translates into greater demand for properties, both residential and commercial. The report from the Central Bank of Paraguay highlights the positive performance of several key economic sectors, which directly affects the real estate market. Sectors such as manufacturing, livestock, forestry, fishing and mining, as well as services, registered significant increases in their activity. In particular, the service sector, which includes real estate services, saw growth of 5.2%. This suggests an increase in demand for properties, whether for rent or purchase, as well as a boost in real estate brokerage and management activity. The report also highlights the positive performance of manufacturing, with higher production levels in sectors such as soybean oil, meat, milling and baking, beverages and tobacco, dairy, textiles and clothing. This sector experienced growth of 9.6%, which may imply greater demand for industrial and commercial spaces. Likewise, livestock, forestry, fishing and mining grew by 13.8%, driven by a higher level of slaughter of cattle, pigs and poultry, as well as an increase in the production of raw milk and eggs. This growth may generate additional demand for rural land and properties related to agriculture and livestock. Despite these positive aspects, the report also points out some areas of the economy that showed contractions, such as the construction sector. With seven consecutive quarters of negative performance, the construction sector again presented a drop of 8.5% in its year-on-year performance. With this result, the accumulated variation reached a negative rate of 7.5% at the end of the fourth quarter of 2023. The behavior of the quarter was influenced by the lower pace of execution of public works, mainly related to the fiscal convergence plan. In this sense, a significant decrease has been observed in the demand for the main inputs used by the sector, especially the imported part (cement and asphalt). Despite these challenges, private consumption has shown year-on-year growth of 3.1%, which indicates a greater spending capacity of the population. This can translate into an increase in demand for housing and commercial properties, thereby boosting the real estate market. Regarding the regional panorama, Paraguay closed 2023 with an accumulated annual growth of 4.7%, placing itself as the leader in economic dynamics. Brazil, for its part, closed the year with a growth of 2.9%, followed by Colombia with 0.6%, Uruguay with 0.4%, and Chile with 0.2%. In contrast, Peru experienced negative growth of -0.5%, while Argentina closed with -1.6%. In conclusion, Paraguay's leadership in economic growth within the region offers opportunities and challenges for the real estate market. Although the sector faces obstacles such as the slowdown in construction, the increase in economic activity and private consumption suggests a promising outlook for the real estate market in the country. Real estate market agents must be attentive to these changes and adapt to take advantage of the opportunities offered by Paraguay's economic growth.

On May 3, the award ceremony for the public competition for the design of the Centro de Eventos de Encarnación was held. This event marks a milestone in the urban development of the city, after an exhaustive process that included a call, presentation of proposals, evaluation and selection of the project to shape this important infrastructure. The Convention Center project is a fundamental piece within an ambitious series of initiatives planned for the 2030 horizon of the city of Encarnación. The open call allowed the participation of diverse professionals, who contributed their visions and creativity to enrich the urban panorama of Encarnación. "Convention tourism worldwide is an economic engine of great relevance for tourist cities. Our proposal seeks not only to take advantage of this potential, but also to highlight the rich history of transformation that characterizes our beloved city," the Mayor proudly expressed. Luis Yd during the awards ceremony. The selection of the winning project is the result of a rigorous evaluation process, in which both technical feasibility and the ability to integrate with the urban and cultural environment of Encarnación were assessed. In this sense, the Convention Center will not only be a space for events, but a meeting point that reflects the identity and history of the city. "This project is of utmost importance for us in this period of government. I want to congratulate all the people and companies that contributed with their proposals, helping to shape this new horizon that Encarnación envisions as a destination for events of international relevance. I thank all those who trusted in this process, which is an integral part of our commitment to the Encarnación + 2030 Plan," highlighted Mayor Yd. The winning design, by architect Sebastian Domaniczky Arevalo, goes beyond the mere functionality of the building. Their proposal seeks to integrate the Convention Center into a broader concept of environmental, urban and social regeneration, which promotes sustainable and equitable development for the city. Reinforcing the idea of recomposing the environmental grid of the Encarnación coastline, the proposal proposes renaming the set of 3 buildings as Environmental and Urban Regeneration Centers – CRAU, within which the Convention Center will be found as a starting point and model. This opens the possibility of conceiving the intervention site not only as an isolated entity in the first block, but as part of a tripartite unit that also encompasses the two adjacent blocks. With a unified architectural approach, this approach seeks to create an integrated system that extends both in a North - South direction (encompassing the three lateral blocks) and in an East - West direction (along the axis of the linear park, the beach and the river ). The objective is to develop a cohesive urban front that strengthens and enriches the city's public space, providing a more dynamic and functional urban environment for its inhabitants and visitors. These buildings, CRAU 1, CRAU 2 and CRAU 3, are conceived as containers of shadow space, capable of responding to the variety of programmatic activities planned in the competition, as well as the needs of future stages, resolved in the same architectural ensemble. CRAU 1 – CRAU 2 – CRAU 3 These CRAUs will be built in 3 different stages, allowing for a gradual and adaptive implementation to the changing needs of the city. This long-term vision demonstrates Encarnación's commitment to planned and sustainable urban development. The CRAU will not only be spaces for events, but also centers for environmental and cultural education, promoting ecological awareness and appreciation for the city's historical and natural heritage. In addition, the incorporation of an "urban nursery" is planned within these centers, which will contribute to the improvement of the air and environmental quality of Encarnación. With the selection of the winning project, Encarnación takes a firm step towards building its future as a tourist and cultural destination of international renown. The Convention Center will not only be a symbol of progress, but also a space where history, culture and innovation converge, for the benefit of the entire Carnacena community.

In the field of the Paraguayan real estate market, it is essential to understand the particularities that distinguish temporary rentals from traditional ones. Both modalities have their own advantages and challenges, and the choice between one or the other may depend on various factors. Unlike what happens in other countries, in Paraguay both temporary and traditional rentals are governed by the same law, specifically Law No. 1,295 on Rental, Leasing or Financial and Commercial Leasing, and share a VAT rate of 5 %. Traditional rentals are distinguished by long-term contracts, providing stability in monthly income for those investors looking for a constant and predictable flow in the long term. However, this stability may be affected if the owner decides to sell the property or needs to live in it, since the contract must be terminated by the tenant. Another disadvantage is that income is fixed and cannot be adjusted according to demand or season. On the other hand, temporary rental offers greater flexibility, with short-term contracts ranging from a few days to six months. This allows the owner to dispose of the property for other purposes or sell it as desired. However, it does involve the need to ensure that the property is fully equipped and furnished, which may incur additional costs. As for possible disadvantages, short-term rentals can face problems such as damage or theft of equipment, conflicts with the building consortium, less legal support for the costs of an eviction, an increasingly competitive market, lack of guarantees against major damages , and impossibility of collecting debts/damages from foreigners. Additionally, the competitive market and lack of guarantees against major damages may present additional concerns. Temporary rentals also require more constant attention to ensure tenant satisfaction and maintain a good reputation on platforms such as Airbnb or Booking. Despite these considerations, short-term rental can be more profitable than traditional rental. According to estimates, the average net monthly income for a two-room apartment for temporary rental in Asunción can amount to 840 USD, without deducting expenses and with an occupancy rate of 70%, while in the case of a traditional rental it would be 650 USD. For owners, it is important to take into account the specific needs of each type of rental. While in traditional rentals tenants usually bring their own furniture and appliances, in the case of temporary rentals it is expected to find the property fully equipped and furnished, which implies an investment of between USD 4,000 to USD 6,000 if it is a studio apartment or 2 rooms. , respectively. Additionally, short-term rental can be an attractive option for students and business travelers. With the growth of remote work, there is a growing demand from people looking for medium-term stays in comfortable, well-located places. This represents an opportunity for homeowners who can adapt their properties to meet this specific demand. On the other hand, traditional renting is ideal for families or young people who live in cities but do not have a large amount of money to buy their own home. In a context of high interest rates in Paraguay, acquiring property can be difficult for many. These renters are looking for homes close to their workplaces and their children's schools. In Asunción, there has been an increase in demand for properties from people who lived in nearby cities but worked in the capital, due to increasing traffic in the region. The dynamics of the Paraguayan real estate market reflect these changing trends, where both temporary and traditional rentals find their place depending on the needs and preferences of tenants. While the first adapts to a more mobile and temporary profile, the second is aimed at those seeking stability and roots in a place. Understanding these dynamics is essential for investors and owners who want to maximize the performance of their properties in an increasingly diverse and demanding market.

In Paraguay, the eviction process is regulated by Law No. 1337, specifically in its Codigo Procesal Civil. Under Title VII of these regulations, the provisions and procedures to be followed in cases of eviction are established, ensuring both the rights of the landlord and the tenant or any precarious occupant. According to Article 621 of this law, the eviction proceeds against the tenant, sub-tenant or any precarious occupant who has the obligation to return a property or part of it. The claim must be submitted in writing and the defendant has a period of six days to respond to it. If you do not do so, the facts set forth in the complaint will be considered true and a judgment will be issued without further processing, as established in Article 622. Furthermore, Article 632 of the Codigo Procesal Civil establishes the effects of the ruling against any other future third parties in the event of eviction. The eviction will be effective against any occupant after the initiation of the trial, if the plaintiff, when promoting it, has requested that the property that is the subject of the trial be registered as litigated and that the judge, or the secretary commissioned for this purpose, carry out the recognition of the property. , leaving a record of its occupants. These proceedings must be carried out within a period of eight days from the filing of the claim. It is important to mention that, according to the modification introduced by Law No. 6979 in 2022, the eviction will not proceed when the lawsuit is directed against elderly ascendants of the owner or people with disabilities whose legal duty to provide food is attributable to the actor or owner of the property, and the eviction produces a state of vulnerability and serious abandonment. This situation can be proven at any stage of the process, without suspending its prosecution and must be resolved with the final ruling following an opinion from the Public Defender's Office. The eviction process in Paraguay is not criminal in nature, but civil. Not only the ownership of the land is protected, but also its tenure. For an eviction to take place, it is necessary to have a court order. Regarding the duration of an eviction trial, it can vary depending on whether there is opposition from the defendant. In the absence of opposition, the process can last between approximately 6 months and 1 year. However, if there is opposition, the trial can be extended from 1 year to even more than 20 years depending on the complexity of the case. It is important to note that if the owner of the property decided to evict the tenant without previously obtaining an eviction order issued by a judge and acted on his own, it could entail legal consequences in both the criminal and civil spheres. Article 141 of the Penal Code establishes that the violation of residence consists of entering a home, commercial premises, official office or other closed place without the express consent of the person who has the right of admission, or in not leaving said places despite the request of the owner thereof. If found guilty of this crime, the owner could face a prison sentence of up to two years or a fine, depending on the severity of the situation. Furthermore, if the owner acted jointly with another person, seriously abusing his public office or using weapons or violence, the penalty could increase to five years in prison or a fine. It is important to highlight that criminal prosecution in these cases will depend on the victim's case, that is, the affected tenant. In the civil sphere, the owner of the property could also face an injunction trial, in accordance with Article 638 of the Civil Procedure Code. Injunctions are legal actions that can be taken to acquire, retain or recover possession of property, or to prevent the completion of new work without proper consent. In summary, the Eviction Law in Paraguay seeks to guarantee a fair and equitable process for all parties involved, protecting the rights of landlords and tenants, and ensuring compliance with legal provisions regarding eviction. However, it is important to keep in mind that the process can be slow depending on the complexities of the trial.

Last Tuesday, Paraguay Sotheby's International Realty commemorated three years of operations in the Paraguayan market. The celebration took place at the Raíces Real Estate Experience Center, where directors and the team of real estate advisors and staff of Paraguay Sotheby's met to remember the achievements, challenges and growth experienced during this time. Among the featured activities of the night was a work of art that served as a canvas for shared emotions and memories. Each guest left their mark with phrases that reflected the spirit of the company. Additionally, participants enjoyed an interactive experience at a drinks bar, where they learned how to create their own personalized drinks. During these three years, Paraguay Sotheby's International Realty has established itself as a benchmark in the luxury real estate market in Paraguay. With a focus on personalized service, international experience and an exclusive portfolio of premium properties, the company has successfully closed more than 466 high-value transactions, contributing to the growth of the real estate sector in the country. The firm is distinguished by its global network of highly trained professionals and its exclusive access to luxury properties around the world. Backed by the renowned Sotheby's Auction House brand, they are positioned as leaders in the luxury real estate market, offering unparalleled service and experience. Since its founding, Paraguay Sotheby's has witnessed sustained growth in the Paraguayan real estate market, driven by factors such as economic development, foreign investment and demand for high-end properties. Political stability and improvements in infrastructure in the country have also contributed to this growth. To position itself in the local market, the company has implemented strategies that include a solid presence in digital media and social networks, participation in industry events and strategic alliances with key market players. Their focus on quality, transparency and personalized attention has allowed them to differentiate themselves and gain the trust of their clients. Despite the challenges presented by the pandemic, Paraguay Sotheby's has demonstrated adaptability and resilience. They have strengthened their digital presence, offering innovative experiences and high-quality service. The CEO, David Rodríguez, highlights that one of the biggest challenges has been maintaining agility and adaptability in a constantly changing business environment. To overcome this, he has fostered a culture of innovation and continuous learning, prioritizing collaboration and teamwork. The company is committed to contributing to sustainable development and community well-being through corporate social responsibility initiatives. The public response to Paraguay Sotheby's has been extremely positive, earning the trust and loyalty of a demanding customer base. Over the next year, the company will announce several innovative projects, including the development of new luxury real estate projects, the introduction of exclusive services and the expansion of its national and international presence. These projects reflect its continued commitment to excellence and innovation in the Paraguayan real estate market. With a long-term vision, Paraguay Sotheby's is positioned to consolidate itself as the undisputed benchmark in the luxury real estate market in Paraguay. They seek to expand their presence throughout the region, with the aim of attracting potential investors to the Paraguayan market and continuing to offer a world-class service that exceeds the expectations of their clients. They remain attentive to emerging trends in the real estate sector and have continually adapted to meet the changing needs of their clients. This includes the incorporation of innovative technologies, such as Data Analytics, artificial intelligence, as well as the exploration of new markets and customer segments. Numerous growth and expansion opportunities are envisioned for Paraguay Sotheby's International Realty in the near future, including the diversification of its property portfolio, geographic expansion to new areas of interest and the development of complementary services, such as investment management and financial advice. To stay up to date with the news from Paraguay Sotheby's International Realty, you can follow them on Instagram @paraguaysir . If you would like to inquire about their diverse property portfolio or market your property, you can contact them at +595 982 445093 .

The Central Bank of Paraguay has published the Monthly Summary of Reference Interest Rates for the month of May, offering a detailed overview of the interest rates offered by different financial entities in the country. In general terms, it is observed that most banks have maintained their minimum interest rates for housing financing with AFD Funds (Development Administration) in local and foreign currency without significant changes compared to the previous month. However, there are some exceptions, such as the slight increase in the minimum and maximum rates in local currency by Banco GNB Paraguay and the alteration of minimum and maximum rates in local currency by Banco Río, compared to the month of April. An interesting trend is the disparity between the rates offered for housing financing with AFD Funds and own funds. In general, the rates for financing with own funds are higher and more significant changes are observed than those for AFD Funds. In this sense, the specific changes in some financial entities stand out, such as the increase in minimum rates in local currency with Own Funds in Banco GNB, Banco Continental, Banco Basa, Vision Banco, Banco Río and BANCOP. In turn, Banco Itaú, Banco Familiar and Banco Atlas have experienced a significant reduction in minimum rates in local currency with Own Funds compared to the previous month. These strategic movements can be influenced both by monetary policy decisions and the general economic outlook, as well as by banks' competitive strategies. At the local level, the Monetary Policy Committee (CPM) decided on April 22 to maintain the monetary policy interest rate (MPR) at 6.00% annually. This maintenance is supported by the growth of the Monthly Economic Activity Index (IMAE), which expanded 6.2% year-on-year in February. In addition, the Consumer Confidence Index (CCI) remains in the optimism zone, standing at 53.5 in March, and inflation expectations remain aligned with the goal of 4.0%. Housing (AFD Funds): The minimum rates offered by financial entities range between 7.12% and 10.47% in local currency, reflecting healthy competitiveness in the market. Regarding foreign currency, rates range from 5.64% to 10.66%, providing attractive options for those seeking to diversify their financing sources. On the other hand, maximum rates vary from 12.13% to 18.87% in local currency, showing a wide range of possibilities for potential home buyers. In foreign currency, maximum rates fluctuate between 9.38% and 10.67%, reflecting the stability and predictability of the Paraguayan financial market. Housing (Own Funds): In the case of housing loans financed with banks' own funds, the minimum rates present greater variability, with values ranging from 8.25% to 26.51% in local currency. This wide range reflects the different strategies and policies adopted by financial institutions to attract customers. Regarding foreign currency, minimum rates fluctuate between 5.64% and 10.66%, providing interesting opportunities for those who wish to access the real estate market with financing in foreign currency. These disparities highlight the importance of comparing available options before committing to a mortgage loan. Consumers should consider several factors, including interest rates, repayment terms, and overall loan terms, to make informed financial decisions that fit their needs and abilities.

On Friday, April 26th, authorities from the Ministry of Economy and Finance (MEF) and notaries met within the framework of a working group to establish the New Guide of Requirements for Cadastral Process Services. During this meeting, the proposal to change the format and simplify the processes for issuing the Cadastral Certificate of Property was discussed. The cadastral certificate of a property is a document that certifies the physical, legal, and economic data of real estate. These data, which are recorded in the Real Estate Cadastre, include the location, area, measurement, use, legal value, and cadastral value of a property. Notaries must compulsorily present the cadastral certificate in cases of deeds relating to the transfer, modification, or creation of real rights over real estate, and the data provided in that document must be inserted into the deeds. The meeting took place in the Auditorium Hall of the MEF, with the presence of the general manager Horacio Codas, the head of the National Cadastre Service General Directorate, Liz Moreno, and heads of Catastro. Representatives from the Public Records Directorate, the Major Notary of the Government, and the Paraguay Notary College also attended. Liz Moreno, director of Catastro, mentioned that the Ministry of Economy presented a proposal already analyzed based on requests from the Notary College. She emphasized that the main objective is to simplify processes and requirements to expedite the delivery of the Cadastral Certificate of Property. "If we manage to simplify these procedures, we will help the real estate sector to have greater dynamism. The Cadastral Certificate of Property is one of the most important processes that the Cadastre Directorate provides because this certificate allows the transfer or modification of real rights when there is a sale, a mortgage, a transfer of rights," she said. In the same vein, she explained that expediting the issuance of the Cadastral Certificate is intended to be achieved through the simplification of processes and requirements, as well as the application of computerization and digitization. "In two weeks, we will have another meeting, depending on the results, but we already have specific tasks that we will analyze. We will continue studying our Requirements Guide," the head of Cadastre pointed out.

Yesterday the groundbreaking was held for Los Pingos, Club de Campo, by the prestigious developer Altius Group. This event had the distinguished presence of directors, investors and real estate agents, who gathered to celebrate the beginning of this ambitious project that promises to redefine the concept of luxury living in Surubi'i. Strategically located in the heart of the traditional Surubi'i urbanization, on the banks of the picturesque San Francisco stream and just 3,200 meters from Aquino Avenue, Los Pingos is presented as a unique proposal in its style. With a vast land of 100 hectares, this real estate development promises to combine luxury, nature and comfort to offer an unparalleled lifestyle to its future residents. The urban design of Los Pingos bears the signature of the renowned Robirosa Studio, specialized in the design of private neighborhoods with lagoons. With notable works such as Nordelta, Santa Bárbara and Pilará in Argentina, Estudio Robirosa has established itself as a benchmark in the creation of environments that harmoniously integrate water and nature. For its part, the architectural and landscape design is in charge of the estudio Pacifica, led by architect Ezequiel Gil, guaranteeing a harmonious integration with the natural environment and a first-class aesthetic. In addition to its privileged natural environment, Los Pingos will have high-tech services and international-level social and sports infrastructure. Its amenities include spaces for events, grills, changing rooms, swimming pools for adults and children, kids club, gym, gymnastics rooms, 24-hour self-managed minimarket, children's play areas, tennis courts, paddle courts, multi-sports playground, aerobic trail of more than 7 kilometers, aerobic stations and maintenance sector. “What differentiates Los Pingos is its connection with nature, these developments are characterized by their exceptional natural environment, where the lagoons become undisputed protagonists of the landscape. It is not just about living near water, it is about living with water, integrating it into every aspect of our daily lives”, - Francisco Jorge, CEO of Altius Group Paraguay. To guarantee the comfort and safety of its residents, Los Pingos will offer a series of additional services that include paved and illuminated streets, concrete curb, laying of all underground services, spine road (fast lane), laying of fiber optics, fencing perimeter and water network for irrigation, among others. The construction of Los Pingos will be carried out in two stages. The first phase will include the creation of a showroom, a new access porch, natural lagoons, sports areas, aerobic trails and aerobic stations, and access to the Laguna Neighborhood. The second stage will contemplate the construction of an additional access, a club house, an artificial beach, nautical marinas and a coastal promenade, and access to Barrio Río. Luciano García Sáez, Project and Product Design Manager at Altius Group Paraguay, highlighted: "Los Pingos is designed to provide an exclusive and relaxed lifestyle, where the stress and worries of urban life are left behind. What we seek to offer It's a new life experience." The financial support and experience of Altius Group, together with the investment of Peninsula Investments Group, guarantee the quality and solidity of this project. Peninsula Investments Group, one of the most important real estate development funds in Latin America, has supported large-scale projects in 13 cities in Latin America and 8 in the United States, always with a focus on sustainable growth and quality of life. Altius Group, a leader in innovative projects in the real estate sector in America, has left its mark in Uruguay, Paraguay, Panama and Mexico, adapting the best international practices to each local market. In Paraguay, they successfully delivered their first development in the country in March, MORE DEL SOL, and are currently building MORE MARISCAL and NOSTRUM TRINIDAD. With an imposing access portico that welcomes its future residents, Los Pingos, Club de Campo, stands as an incomparable option for those seeking an exclusive lifestyle, in contact with nature and with all the amenities within reach. of the hand. This development promises to become a benchmark in the country's real estate panorama and an ideal place to fully enjoy with the family. To learn more about Los Pingos and schedule a visit to the project, you can contact an Altius Group advisor through the website www.lospingos.com.py or +595 994 154 267 .

Altius Group, one of Uruguay's leading real estate developers, has expanded its reach to new horizons, including Paraguay, Panama and Mexico, thus becoming a prominent player in the regional real estate market. Founded in 2008, the company has built an impeccable track record in the world of real estate development, backed by a solid economic foundation that has earned the trust of investors and buyers alike. Altius Group is distinguished by its innovative projects that stand out for their quality architectural design, the incorporation of cutting-edge construction technologies and careful and meticulous execution. The company's vision is to transcend the limits of traditional real estate development, creating spaces that harmoniously integrate with their environment and offer practical and attractive solutions for their residents and users. Altius Group's regional expansion has allowed it to adapt international industry best practices to the local realities of each market in which they operate. By bringing its experience and knowledge to new territories, the company has demonstrated its ability to adapt to diverse cultures and regulations, which has contributed to its success in the region. Behind the Altius Group offer are capitals from various parts of the world, which have found in this group a modern, innovative and reliable vision. One of the notable endorsements comes from Peninsula Investments Group, one of the most important real estate development funds in Latin America. Peninsula Investments Group has invested in successful projects in 13 cities in Latin America and 8 in the United States throughout its 13-year history. It has built more than 80 projects, covering a total of 1.9 million square meters, including 29 thousand residential units and 65 thousand square meters of commercial spaces, in partnership with highly qualified local developers. This strategic alliance has given Altius Group access to a broad network of resources and knowledge, further strengthening its position in the regional market. Among the notable projects developed by Altius Group are: More del Sol An imposing 27-story tower located in Asunción, with impressive panoramic views of the city. This project will have a majestic triple-height entrance hall and a wide range of amenities and services. Designed by Carlos Ott Arquitectos in collaboration with Carlos Ponce de León Arquitectos, it will be located in the Manorá neighborhood, considered one of the best residential neighborhoods in Asunción. With its sophisticated and avant-garde design, More del Sol is presented as an architectural icon that will redefine the city's skyline. Nostrum Trinidad Located in the consolidated and constantly developing Mburucuyá neighborhood of Asunción, Nostrum Trinidad offers tranquility, good road infrastructure and abundant vegetation. The project has been designed by Aquino +, a team of architects recognized for their focus on functionality and aesthetics in each of their projects. Nostrum Trinidad represents a unique opportunity for those seeking urban living without compromising the connection with nature and the environment. Central Marshal Presented as a comprehensive multi-use solution that combines various urban needs. This project, located in the Recoleta neighborhood on a 5,500 square meter plot of land, will have an office building, two MORE MARISCAL residential towers, a gastronomic and commercial promenade, as well as four underground parking spaces. The design will be carried out by the international studio BMA Arquitectos Asociados, experts in the design of real estate developments, and will have a contemporary style, with a central Paseo that will connect Eulogio Estigarribia, Cruz del Chaco and Charles de Gaulle streets. With its focus on functionality and sustainability, Central will be a nerve center for urban life in Asunción. Altius Group is committed to sustainable development and seeks to integrate responsible practices throughout its operations. The company is concerned about the impact that its projects may have on the environment and strives to minimize its environmental footprint. In addition, it actively participates in social initiatives that seek to improve the quality of life of the communities in which it operates, promoting the creation of inclusive and safe spaces. Altius Group's foray into the Paraguayan market represents an important milestone in its growth and development as a company. Paraguay, with its growing economy and investment-friendly environment, offers significant opportunities for real estate development. The company sees Paraguay as a market with great potential and is excited to contribute to the country's progress through its innovative projects. In conclusion, Altius Group has established itself as one of the main players in the regional real estate market, and its expansion into Paraguay demonstrates its commitment to sustainable growth and excellence in project development. With its focus on design, quality, and social and environmental responsibility, the company continues to leave its mark on the transformation of cities and the creation of spaces that improve the quality of life of its inhabitants.

At an event held on April 23 at the BMW Owner’s Club in Asunción, Francisco Soldani, Commercial Manager of the Petra Group, presented ideas on investments and profitability in the real estate sector. The event, organized by Amy Acosta, Partner of KW Carmelitas, brought together the entire network of agents from Keller Williams Paraguay. In a globally interconnected and constantly changing world, foreign investors are constantly seeking opportunities that offer stability, profitability, and growth. Paraguay has emerged as an attractive investment destination, thanks to key variables that investors consider when evaluating a country. Francisco Soldani shared his perspectives on why Paraguay is attractive to both local and foreign investors. Paraguay stands out as a beacon of macroeconomic stability in a sometimes turbulent region. Inflation remains under control, providing investors with peace of mind. Additionally, sustained economic growth and exchange rate stability are fundamental pillars that attract investments. The fiscal adjustment implemented in 2002 significantly reduced tax rates, stimulating both domestic and foreign investment. Other measures, such as the maquila regime and economic diversification, have strengthened the Paraguayan economy, making it attractive to international investors. Fiscal stability and a high quality of life at relatively low costs make Paraguay an attractive destination for expatriates and retirees. Compared to other countries in the region, Paraguay offers still affordable real estate prices and high growth potential. The Paraguayan real estate market is expected to continue developing, supported by economic growth and domestic demand. Access to mortgage credit at competitive rates will be crucial to drive this market and enable more people to fulfill the dream of homeownership. With these encouraging prospects, Paraguay consolidates itself as an attractive destination for real estate investors, offering unique opportunities in an emerging market with high growth potential. Paraguay has gained the respect of the international investment community thanks to its responsible management of public finances. Unlike some countries in the region with erratic fiscal policies, Paraguay has demonstrated a commitment to macroeconomic discipline. This translates into a lower risk of uncontrolled inflation and greater predictability in the economic environment. Foreign investors value fiscal stability, as it allows them to plan their long-term investments with greater confidence. Paraguay offers a high quality of life at a relatively low cost compared to other countries in the region. This makes it an attractive destination for expatriates and retirees seeking a peaceful and affordable lifestyle. Prices of goods and services, such as housing, food, and transportation, are generally lower than in other South American countries. Additionally, Paraguay's pleasant climate and natural beauty contribute to its appeal as a living destination. When comparing Paraguay with other countries in the region, interesting opportunities arise for real estate investors. In cities like Montevideo (Uruguay) or Buenos Aires (Argentina), apartment prices are at a high level. This creates a significant gap with Asunción, the Paraguayan capital, where prices are still relatively low. While an increase in property prices in Paraguay is expected as the country continues to develop, this increase will be supported by economic growth and domestic demand. Therefore, Paraguay presents a unique opportunity for investors looking to enter an emerging market with high growth potential. While an increase in property prices in Paraguay is expected, this increase will be supported by economic growth and domestic demand. As the country achieves investment grade status and continues to consolidate its stability, the real estate market will experience significant development. Access to mortgage credit at competitive rates will be crucial to drive the Paraguayan real estate market. An accessible financial system will allow young people to access home ownership, boosting demand and generating a virtuous circle of growth. One of the most important aspirations for most people is the acquisition of their own home. The ultimate goal of a healthy real estate market is to facilitate access to housing for a wide spectrum of the population. Paraguay has the opportunity to become a role model in this regard, allowing a large number of people to fulfill the dream of homeownership. If you would like to learn more about investment opportunities in Paraguay and the residential buildings of the Petra Group, you can contact Amy Acosta from Kw Paraguay at the following link.

Home Staging is an increasingly popular strategy in the real estate market that aims to prepare a property for sale, maximizing its attractiveness and sales potential. This practice, which is supported by marketing and interior design, does not imply hiding the characteristics of the property, but rather highlighting its strengths and minimizing its weaknesses. The concept of Home Staging is attributed to Barb Schwarz, a Seattle real estate agent, who began beautifying homes for sale in 1972. It involves redecorating, rearranging furniture, cleaning and applying other aesthetic strategies to present the property. best possible way. The goal is to create an attractive environment that generates an emotional connection with potential buyers. According to a study by the National Association of Realtors (NAR), 58% of buyer's agents cited home staging as having an effect on buyers' perception of the property most of the time. time. Additionally, 81% of buyer's agents stated that home staging made it easier to view the property as a future home. Among the benefits of Home Staging are: Stand out online: In a saturated real estate market, it is essential to stand out from the crowd of online properties. Home Staging homes are eye-catching and can attract more potential buyers, even before they see them in person. Create an emotional connection: Home staging helps buyers fall in love with the property by presenting it professionally, with appropriate color combinations, smart designs and unexpected elements that generate positive emotions. Show the potential of spaces: Empty rooms can be difficult to imagine how they could be used. Home staging helps buyers visualize the potential of each space and how to get the most value from it. Increase the sales price: According to NAR, 20% of buyers' agents say that home staging can increase the offering value by 1% to 5% compared to similar unstaged properties. The Home Staging process not only involves interior decoration, but also optimizing the presentation of the property in photographs and virtual tours. According to the NAR report, having quality photos, virtual tours and videos available for properties for sale is essential to capturing the attention of potential buyers. Additionally, it has been observed that Home Staging can make a property sell faster. 62% of agents surveyed by NAR stated that home staging had an impact on the time a property spent on the market. Home Staging can be done by yourself, hiring a decoration company or through alliances with decoration houses. Ultimately, Home Staging facilitates the marketing of the property, as it improves the appearance in photos of the property for sale, attracts attention on social networks and other visual marketing mediums, and, as a result, the properties staged. They tend to sell faster.

The city of Asunción has taken another step towards creating vibrant and functional urban spaces with the recent inauguration of La Cuadrita, a pedestrian street that extends between Cruz del Defensor and Cruz del Chaco streets, on Alberto de Souza street. This project joins other large real estate developments such as the Perseverancia District and More Mariscal , which promise to transform the urban experience in Asunción. Perseverancia District , with its Commercial Pedestrian Area of more than 30,000 m2, will be a center of attraction for lovers of fashion, decoration, gastronomy and design. In addition, it will have a wellness area and a two-story gym. For its part, the More Mariscal project will offer a pedestrian promenade dedicated to gastronomy and commerce. These initiatives reflect a growing trend towards the “pedestrianization” of urban areas, and research studies around the world have shown the positive impact these pedestrianization have on property prices. According to these studies, the increase in rental and sale value of residential properties located in pedestrian zones can be considered as the result of user satisfaction due to certain aspects of the pedestrian path: Firstly, pedestrian streets offer various opportunities such as recreation, access and shopping at the same time. This is especially valued by those looking for spaces where they can enjoy moments of recreation and socialization without having to worry about time or money limitations. Likewise, the lack of alternatives in terms of pedestrian axes in the surrounding area reinforces the impact of the pedestrian zone on property values. Additionally, open space for recreation, social interaction and recreation is very limited in the district, making pedestrianism even more attractive to residents. In very hot climates, the presence of aquatic and plant elements in the pedestrian path helps to make it more comfortable and attractive for users. In addition, the pedestrian street contributes positively to the image and aesthetics of the area, which leads people to appreciate it and use it preferably. The measured impact on the rental price of residential properties is a clear sign of this appreciation. Studies conducted in the United States on the relationship between "walkability" and housing prices have shown a positive correlation. Proximity to local shops and services is associated with higher property values. Furthermore, good urban design and quality green spaces increase property prices and rents. According to a 2007 investigation, the latter increased rents by up to 20%. Walk Score, a privately held commercial real estate information company, has developed a walkability index that assigns a numerical score to any address in the United States, Canada and Australia. Their software has been used by academics to evaluate the relationship between home prices and walkability. Studies have shown that greater walkability promotes higher values and higher net income for office, retail and apartment properties. Academics from renowned universities such as the University of Tokyo and the Massachusetts Institute of Technology have carried out an eye-opening study on the pedestrianization of urban roads. This study, based on an exhaustive review of credit card transactions provided by BBVA bank in 14 large Spanish cities, has shown that pedestrianization not only benefits mobility and air quality, but also local businesses. Banking data revealed a consistent increase in sales volume in pedestrianized areas, highlighting the positive impact on the local economy. In summary, pedestrianization not only improves mobility and air quality, but also has a positive impact on the real estate market and the quality of life of citizens. It is an investment in the future of our cities, promoting a healthier and more vibrant urban environment for all.