The city of Asunción is preparing to receive a new and exclusive real estate development that promises to combine comfort, elegance and a privileged location. Palmanova Villa Morra, located on Campos Cervera between Legion Civil Extranjera and Gral. Torreani Vera, is presented as a unique proposal in the heart of the Paraguayan capital. This innovative project is located in the prestigious Villa Morra neighborhood and stands out for its unbeatable location and excellent connectivity. Villa Morra is known for being an area that offers a wide selection of boutiques, gourmet restaurants and luxury residential properties, making it a location of choice for those seeking a distinguished lifestyle in the city. Palmanova Villa Morra will have a total of 37 apartments, which include 1 and 2 bedroom apartments, as well as two exclusive penthouses, distributed over 6 floors. In addition, 3 floors of parking will be available for the convenience of residents and visitors. The 1-bedroom apartments vary in size from 59 m2 to 65 m2, while the 2-bedroom apartments offer spaces ranging between 84 and 87 m2. The two available penthouses have a generous 280 m2. Prices for these exclusive residences range from USD 80,000 to USD 400,000, allowing a variety of options for future owners. One of the highlights of Palmanova Villa Morra is its impressive range of amenities, spanning 600 m2 and offering an unrivaled luxury experience. Amenities include sauna, jacuzzi, swimming pool, solarium, gym, balcony with grill, laundry and garages available. The construction of Palmanova Villa Morra is scheduled to begin in December 2023, with an estimated construction duration of 16 months. The architectural project is carried out by Jasper Architects, an international firm with presence in Buenos Aires, Berlin and Asunción. Founded by Martín Jasper in 2008, this firm is characterized by its meticulous investigation of site conditions, social and urban history, and programmatic and functional objectives, resulting in design solutions that propose new and profound interpretations of the context. Jasper Architects has designed more than 428,000 m2 worldwide. The development, construction and marketing of Palmanova Villa Morra is carried out by Katuete SRL, a company with more than 24 years of experience in the real estate market. This project represents the second building under the Palmanova brand, the first of which, Palmanova Las Mercedes, is under construction and is estimated to be delivered in December 2024. The project manager of Palmanova Villa Morra is Canopy SA, a company established in 2006 with more than 15 completed projects. Their services include advice on construction, development, investments and valuations, ensuring the quality and success of the project. Palmanova Villa Morra promises to be a milestone in Asunción's real estate landscape, offering a luxury and exclusivity living experience in an unrivaled location. With construction scheduled to begin soon, this exciting development is already attracting the attention of those seeking the best in urban living. If you would like to know more about this project you can contact Katuete SRL at +595 983 196927.

In an event held yesterday at the Puente offices in tower 4 of the World Trade Center, Puente and Codas Vuyk presented the progress of the Complejo República and Albor Apartments projects. Both developments have an investment fund managed by Puente Administratora de Fondos SA and are traded on the Asunción Stock and Products Exchange (BVA). Diego Vuyk, director of Codas Vuyk, highlighted: "We create quality proposals for different needs. In the case of the República Complex, we built three towers with comfortable and accessible apartments for families looking for a functional and well-located space to live and enjoy at home. "For its part, ALBOR is a building, with top-level design and amenities, that attracts the interest of those who choose a cosmopolitan lifestyle." The Complejo República, with 162 apartments distributed in three towers and a surrounding green area of more than 9,000 square meters, is the first development of that scale in the city of Luque. It is designed as a quality residential solution for families looking for a comfortable, modern, accessible and safe space in a strategic point of Greater Asunción. The units have 1 to 3 bedrooms, a variety of amenities such as a swimming pool, barbecue area with barbecue, park and large parking spaces per tower. The work is already in the completion stage and the delivery date of the apartments is scheduled for the month of July. The units of the República Complex, according to the available typologies, have values per square meter ranging from USD 1,150 to USD 1,350. 100% bank financing is offered in installments, with the benefit of starting to pay when you move in. For its part, ALBOR Apartments is a premium development under construction in the Las Lomas neighborhood in Asunción. Located in a strategic area, in the corporate district of Asunción, this development will have 27 floors, 99 apartments with 1, 2 and 3 bedrooms, 5 levels of garages and social areas and amenities. In addition, the building is in the process of obtaining EDGE certification, being the first large building in the area that will have this certification. EDGE is an international sustainable construction certification that focuses on more efficient buildings and allows processes to be evaluated and strategies developed aimed at reducing consumption by 20% or more of electrical energy, water use and the energy incorporated in buildings. construction materials.This not only makes the project more sustainable, but also translates into financial savings for the end user. In ALBOR Apartments, the value per square meter ranges from USD 1,450 to USD 1,600, depending on the dimensions and characteristics of each unit. The financing plan includes up to 50% in installments, with a percentage on delivery and the balance upon possession. In both projects there are differential proposals for investors who acquire more than one unit. "We are advancing with the commercialization of ALBOR and in July we will begin the delivery of units of the Republic Complex. In addition, to facilitate access to the units of the latter, we offer a financing plan with immediate delivery that, we are convinced, will capture the interest of who are looking to access a first home with very competitive conditions," added the director of Codas Vuyk. Codas Vuyk, the company behind the development and construction of the projects, has more than 45 years of solid track record and experience in the Paraguayan market. Its team of professionals is fully committed to the objective of providing an excellent service. They are characterized by their "constructive seal of high quality, trust and guarantee" that they offer to their clients. This work is reflected in the company's works, which improve people's quality of life and add value, making it an essential ally of its clients in achieving their objectives. Codas Vuyk is committed to offering quality and highly reliable service in a relationship environment that enhances human qualities. They develop projects and constructions with the most demanding standards in safety, quality and punctuality. They are committed to broadly satisfying the needs and expectations of their clients, meeting their requirements for quality, deadlines and profitability. Antonio Cejuela, director of Puente, commented: "At Puente we are attentive to detect business opportunities in strategic sectors, understanding the potential of real estate in Paraguay. We work with the Codas Vuyk team to design attractive proposals for local and international investors looking at the region with interest". The Puente Investment Funds are a financial structure that facilitates the participation of individual, corporate and institutional clients in key areas of the real economy, through an instrument validated and monitored by the National Securities Superintendency. The capital managed by the ALBOR Fund supports and guarantees the project. With more than 100 years of experience, Puente is a leading entity in the region at a global level, with offices in several Latin American countries. Based in the United Kingdom, the Holding has offices in Argentina, Uruguay, Paraguay, Panama, the United States and Spain to serve more than 35,000 clients. With a team of more than 350 professionals, they accompany people, companies, institutions and communities through their business units: Wealth Management, Corporate Finance, Capital Markets and Sales & Trading. For more information about the projects and investment options, you can visit the Puente Puente.com .py and Codas Vuyk codasvuyk.com.py websites.

In a conference organized by the College of Graduates in Economic Sciences of Paraguay, the Minister of Economy and Finance, Carlos Fernández Valdovinos, addressed crucial topics such as the impact of Itaipú's new tariffs and the economic achievements of the national government. The minister highlighted the dynamism of the Paraguayan economy, inflation control, the financial system solidity, the progress in fiscal policy and the de-dollarization of debt. During his speech, Fernández Valdovinos stated that the Paraguayan economy is growing close to 5%, according to the Monthly Index of Economic Activity of Paraguay (IMAEP). The growth projection for 2024 remains at 3.8%, with expectations of an upward revision by the Central Bank. “If there is no external shocks, we should have a year in which the Paraguayan economy will once again be the fastest growing in South America,” said the minister. Regarding inflation, the minister pointed out that year-on-year inflation reached 4% in April, with an accumulation of 2.8%. He assured that for this year inflation will not be a problem, highlighting the complete normalization of monetary policy in Paraguay. He stressed that the measures adopted have made it possible to maintain a stable macroeconomic environment, contributing to the well-being of the population and the confidence of investors. The country's financial system, according to Fernández Valdovinos, is solid and profitable, with capital levels well above legal minimums and strong credit growth. “The financial system is on the right track,” he stated, highlighting the importance of preserving this stability. The minister highlighted that financial institutions have shown remarkable resilience in the face of external challenges, thanks to prudent regulation and efficient management. Regarding fiscal policy, the minister reported a 20% growth in year-on-year tax revenues and a historic reduction in the use of these revenues to finance salaries. The creation of the Ministry of Economy, from the merger of three institutions, generated savings of 9 million dollars this year, demonstrating an improvement in the efficiency of public spending. Fernández Valdovinos emphasized that these savings will allow the government to invest in priority areas such as infrastructure, health and education. Fernández Valdovinos also spoke about the fiscal deficit, which is at 3.4%, and highlighted the need for a fiscal adjustment that does not harm the economic recovery. In addition, he mentioned the gradual de-dollarization of public debt and the search for innovative financing instruments, such as the IDB Climate program and collaboration with the IMF for environmental sustainability and resilience. These efforts seek not only to improve financial stability, but also to address the challenges of climate change and promote sustainable development. Regarding the new Itaipu rates, the minister expressed his satisfaction with the achievements obtained in the negotiation, which allow the direct sale of Paraguayan energy to the Brazilian market. The first offer from the Brazilian government was 9 USD, while Paraguay managed to raise this figure to more than 22 USD, generating significant income for social investments, which will reach 650 million dollars in three years. Fernández Valdovinos stressed that this income will be used in a prudent and transparent manner. This agreement represents an important advance for the country, allowing greater autonomy and better use of its energy resources. Finally, the minister highlighted the structural reforms carried out, such as the creation of the Ministry of Economy and Finance, the National Tax Revenue Directorate, and the Superintendence of Pensions, among others. He indicated that, although there are still reforms to be made, these measures will be fundamental for the country's economic development in the medium term. Fernández Valdovinos called for collaboration between the public and private sectors to continue promoting economic growth and improving the quality of life of all Paraguayans.

In one of the most emblematic neighborhoods of Asunción, Barrio Recoleta, a new architectural jewel stands: Belive Torreani. Strategically located at the intersection of Gral. Torreani, Alfredo Seiferheld and India Juliana. Belive Torreani is distinguished by its diversity of uses, offering an environment where commercial, educational and recreational proposals coexist, accompanied by a wide network of services and a sophisticated gastronomic offer. With single-family and multi-family homes, the project seeks to offer a comprehensive lifestyle that improves the quality of life of its residents and provides peace of mind in their daily lives. The building, six stories high, will house a total of 44 apartments ranging from studio apartments to three-bedroom units. In addition, it has 46 garages distributed on the ground floor and basement, each with independent access on each level, as well as pedestrian access through the lobby. All units are designed with light and comfort in mind, with balconies and large windows that flood the spaces with natural light. Belive Torreani is presented as a special place, designed to satisfy the needs of both professionals and young families. The project is based on three pillars: the design of comfortable spaces, efficiency in the distribution and sizes of spaces, and the development of spacious and functional amenities for residents. Among the amenities offered are heated barbecue areas, barbecue pits, equipped gym, co-working spaces, terrace, swimming pool with deck, solarium and front desk, thus guaranteeing a modern and comfortable lifestyle for all inhabitants. Unit prices start at USD 51,300 for studio apartments, with options ranging up to USD 178,000 for three-bedroom PHs. These exclusive pre-sale prices reflect the unique opportunity that Belive Torreani represents as a real estate investment. To facilitate the acquisition, the developer offer financing through two plans: the Investor Plan, which requires an initial delivery of 20% and 30 installments without financial cost or interest; and the Mix Plan, which includes a 20% delivery, 36 well installments with reinforcements, installments up to 90 months with additional reinforcements and the final cancellation of 20%. The start of the construction is scheduled for October 2024, with an estimated completion for December 2026. Codesarrollos is in charge of he development of Belive Torreani, a company based in Asunción that since its founding in 2018 has stood out for its approach customer-oriented and its ability to innovate in the Paraguayan real estate market. From planning to marketing and subsequent maintenance, Codesarrollos is committed to delivering outstanding results both technically and financially, thus guaranteeing a satisfactory investment experience for all its clients. With Belive Torreani, Codesarrollos continues its commitment to transform the urban landscape of Asunción, offering not only quality homes, but also a unique lifestyle in the heart of the city. For more information about Belive Torreani, you can contact them at +595 986 600772.

Amy Acosta, a prominent real estate businesswoman, shares her inspiring journey from her beginnings to her consolidation in the real estate sector. With an initial education in nutrition, Amy found her true passion in property sales. Amy began her professional career as a nutrition graduate, working in the public sector for three years. However, she did not feel fulfilled in her profession. She decided to quit and become a housewife for a while, seeking a balance between work and caring for her young son. However, soon she felt the need to work again. She was looking for a job that would allow her to take his son to school and have time to spend with him. Flexible hours and the possibility of not having a salary ceiling were crucial factors for her change of direction. With the support of her family, Amy began exploring real estate. She talked to a friend who had a traditional real estate business and then visited other companies to see what they offered. Although a proposal that required paying a monthly fee initially seemed like a challenge, her family encouraged her to try it. Amy started with a lot of enthusiasm and determination, contacting other real estate agencies, learning and quickly adapting to the new environment. In 2016, she embarked on her new career with a proactive attitude, trying to meet people, go out and tour properties. She focused on Asunción and surrounded herself with successful people in the sector, taking their example to learn and improve. In her fourth month as a real estate agent, Amy began to have sales. She invested in advertising and training, being one of the first real estate agents in Paraguay to advertise on social networks. She attended a course in the United States where she learned the importance of investing in advertising and still remembers the phrase: “He who does not pay, does not play.” This generated a ton of leads and took his Facebook page to 25,000 followers in a short time. Amy remembers her first successful sale: two apartments from AZ Inversiones. She had already shown the first client another project, but he was not interested. However, the client asked her to email him if she had another project in the area. At the same time, she sent another email to a client who had contacted her through social networks. Both clients attended the same project presentation and both booked apartments. That sale was a turning point, proving that she had made the right decision in changing careers. His broker showed him that he was earning in one month what he would have earned in a year as a nutritionist, which reaffirmed his belief that he could be successful in this new field. For Amy, transparency and empathy are essential in real estate. She considers that it is essential to be honest and think about the client's well-being, given that they are often investing their entire life savings. Additionally, she highlights the importance of surrounding yourself with experienced people who can teach and guide. Throughout her career, Amy has participated in several courses and programs that have been instrumental in her professional development. One of the most notable was Diego Soler's diploma program, which marked a before and after in his career. In addition, Amy has made several work trips that have allowed her to learn about other realities and trends in the real estate sector around the world. Recently, she participated in a tour with KW in Argentina, where she explored Nordelta and other gated communities with Lagoons with Crystal Lagoons technology. These experiences have allowed her to glimpse the future of real estate developments that are currently being built in Paraguay and have provided her with a broader and enriching vision of the sector. One of Amy's most notable accomplishments was helping a desperate couple sell their apartment in record time, securing their savings. This transaction is especially meaningful to her, not because of the amount involved, but because of the personal impact it had. The couple was in a critical situation, facing the possibility of losing their apartment due to strict contractual payment deadlines. Amy took the task as a personal challenge and managed to sell the property in 30 days, saving that family's life savings. These types of personal experiences gave her enormous satisfaction and reaffirmed her commitment to her clients. Amy also emphasizes the need to be well-informed and prepared in a competitive market. Nowadays, the customer comes with all the information, so one must know the product and the competition well. Additionally, she considers that you should not focus on how much you are going to earn, but rather on accumulating reserves of pending work and maintaining a solid ethic, giving up commissions when necessary out of respect for other agents. Amy has seen significant evolution in her career and in the real estate industry. Nowadays, there is a lot of competition and the agent must be much more informed. In the future, Amy plans to keep a small team and handle more real estate developments commercially on an exclusive basis, in addition to venturing into the development of real estate projects, especially in gated communities. Amy Acosta's story is an inspiring example of how determination, constant learning, and an ethical approach can lead to success in any field. Starting as a nutritionist, Amy has become a prominent real estate entrepreneur, proving that with the right attitude and the right training, it is possible to reinvent yourself and succeed. Her greatest professional achievement, according to her, is having achieved independence and being able to choose her own path, working with ethics and dedication to help her local and foreign clients find their ideal investment.

The Expo Real Estate, the most important international meeting in the real estate sector, arrives in Paraguay for its 2024 edition. The event, which has been a benchmark since its inception in 2009 in different Latin American countries, will take place on the 26th and June 27 at Paseo La Galería, located in the Paraguayan capital. This event represents a unique opportunity for the main companies in the market, who will have the opportunity to exhibit their products to investors, real estate agents, developers, builders, architects and buyers. The expo, which will be open to the public at no cost, also seeks to bring together all actors related to the real estate business in one place. Expo Real Estate Paraguay will have a large exhibition area with commercial stands where companies will be able to show their most innovative products and services. In addition, there will be a commercial workshop sector dedicated to encouraging real estate investments and promoting business. These activities will also serve to promote networking among participants, allowing professionals and companies in the sector to establish contacts and strategic alliances. In parallel, the Real Estate Development and Investment Congress will be held, an exclusive area where prominent speakers from the sector will share their strategic vision on current events and trends in real estate at a national and regional level. The congress will bring together the main market leaders to analyze and delve into the problems, challenges and projects of the sector. Access to this congress has an admission cost, which can be purchased through the Expo's official website. Participating in Expo Real Estate Paraguay is a unique opportunity to increase sales, attract new and potential clients, find all investors in one place, develop strategic alliances, promote products and services in the local and regional market, generate business in a short time. and in one place, enhance and optimize the corporate image, establish direct contact between professionals, developers, investors and the main players in the sector, access all the information on large corporate operations and projects, and position the company within the market. Since 2009, Expo Real Estate has been held in various Latin American countries, including Mexico, Guatemala, Peru, Bolivia, the United States, Argentina, Chile and Colombia. This year, Paraguay joins the list of host countries again, after last year's successful Real Estate Expo, held on June 29 and 30, offering a unique platform for exhibition and networking in the real estate sector. Grupo SG, a leading company specialized in Real Estate, is the organizer of this event. Made up of a young and multidisciplinary team with a great entrepreneurial spirit, Grupo SG stands out for its commitment to growth and innovation in the Latin American real estate sector. Present in the market for more than two decades, Grupo SG works as a link between market players, with the aim of encouraging and promoting the growth of the sector through training, dissemination and generation of networking spaces where the main players of the market they do business and establish alliances. For more information and details about Expo Real Estate Paraguay, you can visit the official website: https://exporealestateparaguay.com .

Today, the company EYDI SA held a ceremony to celebrate the begging of construction for Marena, a residential complex located in Luque with eight towers that includes a crystalline lagoon. The directors of EYDI SA, Gonzalo Faccas, Martín Dominici and Favio Gandelman, led the ceremony, highlighting the new category that Marena introduces in the apartment segment, where 80% of the demand is concentrated, with prices between 70,000 and 200,000 dollars. Marena is positioned in that segment, but is distinguished by a unique feature: the crystalline lagoon with Crystal Lagoon ® technology. Although there are already four lagoons in Paraguay, Marena marks a milestone by being the first urban Crystal Lagoon® in the country. The event had the notable presence of the Mayor of the City of Luque, Carlos Echeverría, as well as authorities from the Municipality of the City of Asunción, with whom they are working on improvements for the interconnection of the CIT zone with the Corporate District of the city. Shareholders, authorities from the Paraguayan Chamber of Real Estate Developments (CAPADEI), clients, investors and brokers from Century 21, Remax, Keller Williams and ERA also attended. In addition, Sudameris Bank's participation in the event highlighted the importance of financial support for the project. The bank is supporting the project with a line of credit and has plans to offer long-term lines of credit to clients, allowing them to purchase for 15 years in local currency and at the best market conditions. Marena is made up of eight residential buildings, where the first tower, Brisa 1, has already reached 50 sales, 50% of it. The apartments offer large balconies and panoramic views that surround a lagoon of crystal clear waters with beach and palm trees, creating the perfect setting to make the dream of living next to the beach come true. The lagoon sector includes an extensive beach that invites you to walk, relax, sunbathe and enjoy the company of your loved ones. Marena is located on a 32,000 m2 land, with more than 15,000 m2 dedicated to the lagoon and beach, more than 8,000 m2 for indoor and outdoor amenities, sports areas and 600 m2 for the commercial area. These dimensions are exceptional for a residential project in the city. One of the highlights of Marena is its stunning lagoon, equipped with innovative Crystal Lagoons® technology. This technology has revolutionized the real estate market around the world, allowing residents to live next to a sandy beach and crystal-clear waters all year round, without giving up their daily lives or moving away from the city. In addition, lagoons with Crystal Lagoons® technology are highly ecological, with low energy and chemical consumption, and lower water use compared to conventional pools. Located in a strategic location, Marena shares a neighborhood with the prestigious International Tennis Club (CIT) and the impressive Ñu Guazú Park, two gems of the city that promise continuous development and constant appreciation. In addition, it is located just a few minutes from the urban center, which facilitates access to shopping malls, offices, restaurants, banks, schools, supermarkets and everything you need for your daily life. Safety is a priority at Marena. Both pedestrian and vehicular access, as well as the closed perimeter, will be monitored 24 hours a day, 7 days a week. In addition, the underground garages will avoid vehicular traffic on the surface, guaranteeing a safe environment for families. With a wide variety of housing options in Marena, ranging from cozy single rooms to 1, 2 or 3 bedroom apartments, all with covered garages, starting at USD 78,000. In addition, you can enjoy an exceptional lifestyle with a set of exclusive amenities and services that include water sports such as kayaking and paddle boarding, swimming and diving, recreation areas, programmed activities, aerobic path, paddle and soccer courts, beach volley, gym with stunning views of the lagoon, full spa with sauna, changing rooms, relaxation and massage rooms, Kids Club, Youth Lounge, Club House with restaurant, Beach Bar, common meeting spaces, Coworking areas, professional laundry and a practical commercial space to meet your daily needs. The delivery date of the first tower and the completion of the Crystal Lagoons® lagoon are scheduled for April 2026, 24 months from this start of work. Marena will be managed by EYDI SA, a company with extensive experience in the local Paraguayan market. The firm has been awarded the Top Construction Brands award for four consecutive years since 2020. In addition, it is located just three kilometers from Marena, which guarantees close and efficient service. The project has the experience of Castex, an Argentine company with more than fifty years of experience in the real estate market. Likewise, the architecture studio Bodas Miani Anger and the construction company CCI Proyecta y Construye contribute to the excellence and quality of the project. Bodas Miani Anger is an Argentine architecture studio that is among the most prestigious in Latin America, and has developed numerous large-scale projects in several countries on the continent, including Paraguay and the United States. The studio has extensive experience in residential projects, particularly in neighborhoods with lagoons with CrystalLagoons® technology. Marena represents a unique opportunity to live next to the beach in an urban environment and enjoy an incomparable lifestyle. To obtain more information about the project, we invite you to contact EYDI SA at +595 0981 720326.

In the city of Luque, a few meters from the border with the capital, Asunción, there will be a beach oasis with crystal clear waters and golden sand that promises to change the way its residents live and experience life in the city. Marena, an ambitious real estate development project, stands at an elevated point surrounded by green spaces and a quiet environment, just 3 kilometers from the hustle and bustle of the corporate axis of Asunción. Located in a strategic place, Marena shares a neighborhood with the prestigious International Tennis Club (CIT) and the impressive Ñu Guazú Park, two gems of the city that promises a constant valorization to the property. Additionally, it is located just a few minutes from the city center, which facilitates access to malls, offices, restaurants, banks, schools, supermarkets and everything one needs for a great daily life. Marena is made up of eight residential buildings that offer large balconies and panoramic views that surround a lagoon of crystal clear with Crystal Lagoons techonolgy with a beach and palm trees, creating the perfect setting to make the dream of living next to the beach come true. The lagoon sector includes an extensive beach that invites you to walk, relax, sunbathe and enjoy in the company of your loved ones. This project goes beyond to just being a place where people live; Marena has been designed to offer an exceptional lifestyle. Residents will enjoy various amenities designed for daily entertainment, as well as activities scheduled by the staff of the complex. In addition, the complex will have a shopping area for daily shopping. One of the highlights of Marena is its impressive lagoon, equipped with the innovative Crystal Lagoons® technology. This technology has revolutionized the real estate market around the world, allowing residents to live next to a sandy beach and crystal clear waters throughout the year, without giving up their daily lives or leaving the city. In addition, the lagoons with Crystal Lagoons® technology are highly ecological, with a low consumption of energy and chemicals, and a lower use of water compared to conventional pools. Safety is a priority in Marena. Both pedestrian and vehicular access, as well as the closed perimeter, will be monitored 24 hours a day, 7 days a week. In addition, underground garages will prevent vehicular traffic on the surface, guaranteeing a safe environment for families. Marena is located on a plot of 32,000 m2, with more than 15,000 m2 dedicated to the lagoon and the beach, more than 8,000 m2 for indoor and outdoor amenities, sports areas and 600 m2 for the commercial area. These dimensions are exceptional for a residential project in the city. The residential buildings of Marena offer a surprising visual amplitude, with more than 100 meters of separation between them and more than 150 meters that separate them from the buildings located at the tips of the lagoon. Residential units, from studios to one, two or three bedroom units, have large windows that offer spectacular views. Marena is a unique project that provides an opportunity to improve the quality of life and make an excellent economic investment. With a wide variety of housing options in Marena, ranging from cozy studios to spacious 1, 2 or 3 bedroom apartments, with covered garages included, starting at USD 78,000. In addition, enjoy an exceptional lifestyle with a set of exclusive amenities and services that include water sports such as kayaking and paddle board, swimming and diving pool, recreation areas, scheduled activities, aerobic path, paddle and soccer courts, beach volleyball, gym with stunning views of the lagoon, full spa with sauna, changing rooms, relaxation rooms and massages, Kids Club, Youth Room, Club House with restaurant, Beach Bar, common spaces for meetings, Coworking areas, professional laundry and a practical commercial space to meet your daily needs. A life of beach and luxury awaits you in Marena. The project will be carried out in several stages, and the construction of the first tower along with the lagoon and the beach is scheduled to begin in March 2024, with a delivery date in March 2026. Marena will be managed by EYDI S.A., a company with extensive experience in the local market of Paraguay. The firm has been awarded the Top Brands of Construction award in the years 2020, 2021, 2022 and 2023. In addition, the office of EYDI S.A. is located just three kilometers away from Marena, which guarantees a close and efficient care. The project has the experience of Castex, an Argentine company with more than fifty years of experience in the real estate market. Likewise, the architecture studio Bodas Miani Anger and the construction company CCI Proyecta y Construye contribute to the excellence and quality of the project. Bodas Miani Anger is an Argentine architecture studio that is among the most prestigious in Latin America, and has developed numerous large-scale projects in several countries of the continent, including Paraguay and the United States. The studio has great experience in residential projects, particularly in neighborhoods with lagoons with Crystal Lagoons® technology Marena represents a unique opportunity to live next to the beach in an urban environment and enjoy an incomparable lifestyle. For more information about the project, we invite you to contact EYDI S.A. by clicking on the following +595 0981 720326.

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.