Understanding how a project is built, and not just how it is presented, becomes key to interpreting its real value over time. In the Paraguayan real estate market, the conversation continues to revolve largely around visible and easily comparable variables: the price per square meter, the project's location, and the list of amenities included in the commercial offering. These elements allow for a quick sorting of the available options and simplify decision-making, especially in a context where the volume of new developments continues to grow strongly in Asunción and its metropolitan area. However, behind that visible layer there is a much more decisive and, paradoxically, much less analyzed component that ends up defining the true value of a property over time: the construction quality. In an expanding market, where new projects are constantly entering the market and competition among developers is intensifying, the difficulty in distinguishing between different levels of quality distorts both the perception of value and investment decisions. Two units that, on the surface, may share the same location, size, and even market positioning, can differ significantly in their performance over time, their maintenance costs, and the user experience they offer their occupants. Part of the problem lies in the fact that construction quality is not an obvious attribute. Unlike an attractive facade or a well-designed common area, the elements that truly determine a building's quality remain, for the most part, hidden. These are decisions made in the early stages of development, in the structural design, in the selection of raw materials, and, above all, in the construction process. In the buyer's mind, the notion of quality is often associated with visible finishes: cladding, faucets, woodwork, or fixtures. However, these variables, whose quality also affects the durability and performance of the project, are part of a much broader construction system. The true quality of a real estate project is built on the interaction between three fundamental components: the structure, the building envelope, and the building services. The structure forms the foundation upon which the entire project rests. The quality of the concrete, the precision of the construction, adherence to the structural calculations, and the construction controls are factors that, while not visible once the building is finished, determine its long-term durability and safety. In a context like Paraguay's, where many projects are developed with tight financing schemes and demanding schedules, discipline at this stage is crucial to preventing future problems. In parallel, the building envelope, comprised of walls, enclosures, and openings, plays a central role in interior comfort. The proper design of these elements directly impacts thermal insulation, energy efficiency, and acoustic performance between units. In a city like Asunción, characterized by high temperatures and humidity, the quality of the building envelope ceases to be a secondary attribute and becomes a key factor in the daily livability of the project. The building's systems, for their part, represent one of the most critical and, at the same time, least visible components in the decision-making process. Poorly executed electrical systems, faulty plumbing, or makeshift climate control solutions often only become apparent with use, generating additional costs and negatively impacting the user experience. In many cases, these elements, along with the visible finishes, ultimately define the perceived quality of a building over time. Even within the finishing touches, where the user has the greatest capacity for observation, there are signs that allow one to infer the level of workmanship. Proper floor leveling, wall covering alignment, seamless joints, and the resolution of slopes in wet areas are not merely aesthetic considerations; they reflect the degree of control and supervision during construction. It's not just about the materials used, but how they were installed. In this context, the developer's and construction company's track record becomes a key indicator for anticipating the final quality of the project. In a market where technical information is not always systematized or standardized, analyzing past projects becomes a crucial tool for understanding the actual standard of execution. Observing how buildings have aged, identifying recurring problems, or conversely, consistent levels of quality, allows us to differentiate between established projects and one-off ventures. This interpretation also involves understanding the role of each stakeholder in the development process. While the developer defines the vision, positioning, and investment level of the project, it is the construction company that translates those decisions into concrete work. The final quality does not depend on a single factor, but rather on the degree of alignment, or misalignment, between the two. Another aspect that is particularly relevant is the consistency between the project's price, its commercial proposition, and its execution. When there is a significant gap between what is promised and what is actually delivered, it is usually a warning sign. Conversely, projects that maintain consistency between their positioning and their final product tend to generate better results in the long run, both in terms of valuation and user experience. Along these same lines, contractual documentation emerges as a central element in the evaluation process. Beyond marketing materials, it is in the contract that the true scope of what the developer commits to delivering is established. The absence of clear definitions regarding materials, construction systems, or technical standards introduces a degree of ambiguity that, in practice, can translate into significant differences between what was expected and what was received. Conversely, contracts that precisely detail technical specifications, material qualities, and execution conditions not only reduce risk for the buyer but also reflect a higher level of professionalism on the part of the developer. In a maturing market, this type of transparency is beginning to become a competitive advantage. As the Paraguayan real estate sector continues its expansion and sophistication, the ability of buyers and investors to understand these aspects becomes increasingly important. Transparency in technical information, professionalization of construction, and higher market demands will be key factors in raising the overall standard of developments. Because, in the long run, the difference between one project and another is not measured solely by how it is sold, but by how it is lived in.

The new trade association seeks to bring together the private sector, promote greater regulatory predictability, and support the urban growth of the Ciudad del Este metropolitan area. The Alto Paraná Real Estate Developers Chamber (CADIAP) was officially launched amidst sustained growth in real estate investment and increasingly visible urban transformation in the country's tenth department. The new trade association aims to represent the sector, strengthen its institutional structure, and provide more organized support for the evolution of the real estate market in one of the regions that is now beginning to establish itself as one of Paraguay's most dynamic development hubs. The official launch took place during a press conference at the Hotel Las Ventanas, where members of the new chamber outlined the organization's main objectives and their vision for the role the real estate sector can play in the department's urban development. The initiative comes at a time when the Alto Paraná real estate market is showing signs of expansion, driven by new investments, the development of projects of varying scales, and growing demand for more structured residential options with greater long-term potential. The region's real estate market functions in practice as a metropolitan system integrating several municipalities, including Ciudad del Este, Hernandarias, Minga Guazú, and Presidente Franco. These form part of an increasingly interconnected territorial dynamic, where daily mobility, economic activity, and new urban developments are distributed across various points of the metropolitan area. However, the urban growth the region is experiencing also presents new challenges in terms of planning and institutional coordination. As projects increase and real estate investment begins to scale, it becomes increasingly important to have clear planning frameworks and accessible regulatory information for all stakeholders involved in the city's development. In this context, one of the factors that drove the creation of CADIAP is linked to the opportunity to strengthen institutional predictability and provide more structured support for the urban growth the region has been experiencing. As the Alto Paraná real estate market continues to expand and projects begin to grow in scale, the need also arises to move towards planning tools that allow for greater regulatory clarity and a long-term urban development vision to support this evolution. Within this framework, one of the new chamber's key objectives will be to promote spaces for dialogue and cooperation that will allow for progress toward more up-to-date urban planning instruments. Among the initiatives it seeks to advance is the possibility of developing a territorial regulatory plan for Ciudad del Este, a tool that could help to organize the city's growth and provide greater predictability for investments related to real estate development. Recent experiences within the country show that these types of processes can be developed collaboratively between the public and private sectors. The case of Encarnación, where progress was made in updating its urban regulations through joint work between authorities, professionals, and developers, stands out as a relevant precedent demonstrating the value of building these types of tools through dialogue and institutional cooperation. Another objective set by the chamber is linked to the urban revitalization of traditional neighborhoods in the city. Experience in various cities shows that urban environments with a clear identity, active public spaces, and greater social cohesion tend to generate better conditions for real estate investment and the consolidation of long-term residential communities. In this sense, CADIAP seeks to promote initiatives that contribute to revitalizing certain urban sectors and strengthening the identity of neighborhoods that have historically been important within the urban structure of Ciudad del Este. The recent growth of the real estate market in Alto Paraná has also brought with it the entry of new players into the sector. This process, common in expanding markets, opens up investment opportunities but also presents the challenge of continuing to raise the professional standards of the industry. In this regard, the chamber will seek to promote training and development programs for developers, real estate agents, and suppliers in the sector, with the aim of strengthening the professionalization of the industry and supporting its sustainable growth. In parallel, the new entity also seeks to collaborate in building a stronger narrative around the region's positioning as a real estate investment destination. Although Ciudad del Este is widely known regionally for its commercial activity, developers believe that Alto Paraná's positioning as a real estate market still has significant room for development. In this regard, the chamber plans to work in coordination with other business and trade associations in the region to help strengthen the department's image as an attractive location for long-term investments linked to urban development. During the presentation, the adoption of a code of ethics for member companies was also highlighted, aimed at promoting greater transparency within the sector. Among the commitments made is the obligation to declare all projects developed by each company to the organization, as well as the commitment to fully comply with current urban planning regulations. Furthermore, it was established that projects marketed publicly through pre-sales must have prior municipal approval, a practice that seeks to strengthen buyer confidence and prevent the marketing of developments that lack sufficient technical or regulatory support. In its initial phase, the Alto Paraná Real Estate Developers Chamber comprises eight companies in the sector: Métrika, Saphira Business, Macro Inmobiliaria, Fioli, Jarosky, Edifica, Cresia de Codas Vuyk, and Green Paraná. In addition to the development partners, the organization plans to incorporate collaborating partners from various sectors of the real estate ecosystem, including real estate brokers, industry suppliers, academic institutions, and representatives from the public sector. The newly formed chamber of commerce indicates that the Ciudad del Este real estate market is experiencing one of its most dynamic periods in recent decades. The region combines several factors driving real estate demand, including economic activity linked to border trade, the presence of workers who commute daily between Paraguay and Brazil, and sustained population growth in the metropolitan area. This is further bolstered by the participation of local investors from the region itself and a growing interest from buyers on the Brazilian side of the border. In this context, developers believe the department could experience sustained real estate appreciation over the next few years, as new projects continue to take shape and the region moves toward greater institutionalization of its real estate market. The creation of CADIAP is precisely part of this broader process of sector maturation, where collaboration between private and public stakeholders is becoming increasingly important in supporting the urban growth of Alto Paraná. With its formation, the Alto Paraná Real Estate Developers Chamber seeks to consolidate itself as a platform for representation and coordination for the sector, with the challenge of contributing to the construction of a more predictable, professional real estate ecosystem aligned with the urban development process that the region is going through.

The opening of the new showroom reflects the evolution of the developer in the Paraguayan market, where in a few years it consolidated a portfolio of residential and mixed-use projects in the most dynamic urban corridors of Asunción. In an increasingly dynamic and sophisticated Paraguayan real estate market, where interest from both local and international investors is growing, developers have begun to compete not only in terms of location and construction quality, but also in the way they present and communicate their projects, making commercial spaces increasingly relevant tools within their strategy. In line with this market evolution, Altius Group Paraguay inaugurated its new sales showroom yesterday on Avenida César López Moreira at the corner of Nuestra Señora del Carmen, next to Shopping del Sol. The event brought together clients, strategic partners, and industry leaders, marking a new chapter in the developer's consolidation within the premium segment of the Paraguayan real estate market. The new showroom was conceived as an experiential space for buyers and investors, where they can explore the company's project portfolio and understand the high standards of design, architecture, and quality that characterize its developments. The space was designed by architect César Aquino, who envisioned a contemporary environment intended not only as a sales office but also as a platform for interaction between the brand, its projects, and the public interested in them. Among the showroom's key features is a materials room, where visitors can directly observe the finishes used in the various residential developments. Flooring, woodwork, kitchen finishes, and other elements are on display, providing a clearer understanding of the level of detail in each project. This space serves as a crucial tool for those considering a real estate purchase, allowing them to visualize the final product more clearly once construction is complete. The showroom also features a 360° immersive room, designed as an audiovisual environment that allows for a more complete experience of the developer's projects. Through audiovisual technology, interested parties can virtually tour the buildings and visualize the experience of living in an Altius Group development, integrating design, architecture, and urban environment. Departamento modelo del proyecto More Plaza exhibido en el nuevo showroom de Altius. The opening of the new space also reflects the company's evolution since arriving in the country. Altius Group, a Uruguayan-based developer with a presence in various markets across the region, began analyzing the Paraguayan market in late 2018 as part of its international expansion strategy, after having launched operations in countries such as Mexico and Panama. During this process, the team studied the performance of previous projects developed by foreign companies and worked on building relationships with local architects, builders, and real estate agencies to understand the market's specific characteristics. Based on that analysis, the company decided to formally establish its operations in Paraguay by acquiring land in the emerging Shopping del Sol real estate corridor, where it developed More del Sol, a residential building located at the intersection of Nuestra Señora del Carmen and San Martín. The project, which comprises approximately 21,000 square meters and 126 apartments, was launched commercially in October 2020 in the midst of the pandemic and is now almost entirely sold out. Following that initial development, the company progressively expanded its presence in the country with new projects that strengthened its local portfolio. Among these, Central Mariscal stands out, a complex of approximately 45,000 square meters comprising two residential towers, an office tower, and a commercial ground floor focused on gastronomy and services. The office and commercial area of the project was acquired by the Penta Group, while the residential towers are nearing completion. The company also developed Nostrum Trinidad, a 12,000-square-meter project with 125 apartments located in the Mburucuyá neighborhood, designed with a focus on the end users of the neighborhood itself. In addition, there is Los Pingos Club de Campo , a large-scale residential development that includes a first phase of 45 hectares with 208 lots, 44 townhouses, and a 4.5-hectare natural lagoon, currently with approximately 65% of the units sold. Another recent project is More Plaza , a mixed-use development located next to Shopping del Sol. It includes 130 apartments, 2,500 square meters of office and retail space, as well as a central plaza serving as the complex's public area. Launched commercially last year, the project has currently sold approximately 70% of its units, with prices around $3,000 per square meter. More Plaza, proyecto residencial desarrollado por Altius. In addition, the company is working on new initiatives within Asunción, including More Mariscal 3, which will expand the existing residential complex in Villa Morra, while evaluating the development of new projects that could be added to its pipeline during the course of the year. Beyond portfolio growth, one of the key elements the company highlights in its adaptation to the Paraguayan market has been its integration with the local real estate ecosystem. Instead of replicating an operating model imported from other countries, the company chose to work with Paraguayan architects, builders, law firms, and financial institutions, incorporating local experts into its team. Among the companies and professionals with which it has collaborated are architectural studios, construction companies and local specialists, in addition to a sales force made up mostly of Paraguayan professionals, in a strategy of integration with the local market that has helped to consolidate an operation with an increasingly Paraguayan identity. Vista del proyecto residencial Los Pingos, ubicado en la zona de Surubi’i The opening of the new showroom also holds symbolic significance within this consolidation process. The previous space had to be closed to make way for the start of construction on More Plaza, which led the company to seek a new location within the same neighborhood where it began its operations in the country. The result is a larger showroom with greater operational capacity and the incorporation of technological tools that enhance the project presentation experience. More than just a sales point, the new showroom is presented as a platform from which Altius seeks to strengthen its connection with the Paraguayan market in a context of increasing competition among developers and greater access to information for buyers. In this scenario, the opening of the space also reflects a broader maturation process within the Paraguayan real estate market, where customer experience, architecture, and the way each project is communicated are beginning to occupy an increasingly central place within the industry.

The initiative, promoted by Zuba and Raíces Real Estate, seeks to consolidate a new residential center within a planned urbanization of 200 hectares. The gated community of Aquadelta continues its consolidation process with the launch of a new residential development by Zuba in strategic partnership with Raíces Real Estate. The project, called Zuba Park, represents a new chapter in the development's evolution and is part of a broader urban transformation underway in the northern part of the metropolitan area in recent years. The initiative stems from an agreement between the two companies to develop a residential complex within the gated community, combining the experience of two players with decades in the Paraguayan real estate market and a shared vision for urban growth in areas with high expansion potential. Zuba Park is envisioned as a residential development designed to combine quality of life and property appreciation within an area experiencing sustained growth. The project targets new buyer profiles, including young investors and families seeking quieter, safer environments without sacrificing access to the economic dynamism of the metropolitan area. The development will be located within the gated community of Aquadelta, a planned urbanization of approximately 200 hectares in the district of Limpio, about thirty minutes from Asunción. The project is part of the residential growth experienced in the northern part of the Central Department in recent years, driven by the availability of land, new infrastructure, and a growing demand for housing in environments with greater contact with nature. The neighborhood's master plan includes developed residential lots, controlled access with perimeter security, and a network of amenities including sports areas, recreational spaces, a clubhouse, a beach bar, and a commercial area with restaurants and convenience stores. The project also envisions the addition of an educational hub, which will include a school with a trilingual curriculum (Spanish, Portuguese, English, and Guarani), along with corporate offices and other services. Valentina Basaglia, Directora de Zuba; Alejandro Zuccolillo, CEO de Zuba; y Ernesto Figueredo, Presidente de Raíces Real Estate, durante el lanzamiento del proyecto. The development is also integrated into the work of the Northern District Association, an initiative that brings together developers and private sector actors in Mariano Roque Alonso, Limpio and Luque with the aim of promoting infrastructure, investment and urban growth in one of the main expansion corridors of the metropolitan area of Asunción. As part of this planning, the implementation of a private transportation system is also projected, which will connect the development with the capital, facilitating daily commutes to Asunción and strengthening the integration of the northern axis with the rest of the metropolitan area. Zuba Park is situated within this urban landscape, conceived as a residential complex that will contribute to greater density and activity within the development. The first phase of the project includes the construction of an eight-story tower with 80 apartments, built on a plot of approximately 20,000 square meters, with nearly 2,000 square meters of built area. One of the project's most striking features is the relationship between density and available space. Unlike buildings located within established urban environments, where land is scarce and common areas are typically limited, this complex will have approximately five times more land per apartment than a typical city development. This allows for larger common areas and a significantly wider range of amenities. The complex will feature amenities such as a swimming pool, heated barbecue areas, grills, coworking spaces, a laundry room, bicycle parking, electric vehicle charging stations, a pet spa, a 24-hour market, parking, and elevators. Residents will also have direct access to Aquadelta's amenities, including sports courts, recreational areas, a riverside clubhouse, educational spaces, and access to the San Francisco stream. The proposal seeks to recreate a community-like lifestyle similar to that of a residential club, where security, nature, and shared spaces combine to offer an experience distinct from what is typically found in the city. The concept aims to provide an alternative for those seeking to escape the increasingly intense pace of urban life and find an environment where a more peaceful family life is possible, with open spaces and greater contact with nature. Regarding unit types, the complex will include Zuba's traditional configurations along with some variations adapted to the development's context. Units will begin with studios of approximately 28 square meters, followed by one-bedroom apartments of 32 square meters. Two two-bedroom options will also be offered: a compact one of approximately 50 square meters with one bathroom, and another of around 60 square meters with an en-suite bathroom. Additionally, the project will incorporate three-bedroom units of approximately 75 square meters, featuring a private barbecue area and grill on the terrace—a type designed especially for families seeking more space within a natural setting. In terms of sales, the units will be launched with starting prices from USD 36,000 cash, positioning them at similar values to the developer's urban projects in Asunción, but within a larger residential setting and closer to nature. The sales plan includes various financing options and requires a minimum down payment of 10%, with the balance financed according to the term chosen by each buyer. One option is payment during construction, which divides the total price into 24 interest-free installments, corresponding to the estimated construction time of the first phase. Financing plans of up to five years after unit delivery will also be offered, in addition to credit options in conjunction with various banks. The project's master plan envisions the phased development of four residential towers, to be launched in stages over the next few years. According to estimates presented by the developers, the entire process could take approximately six years, assuming one tower is launched per year and each tower takes around 24 months to complete. This gradual development approach will allow the project to keep pace with sales and the evolution of the gated community itself, which will continue to incorporate new amenities and services as it becomes more established. The alliance between Raíces Real Estate and Zuba combines two established players in the Paraguayan real estate market. Raíces has positioned itself in recent years as one of the most active developers of large-scale suburbanization projects, with proposals that integrate urbanization, recreational infrastructure, and natural spaces. Zuba, for its part, has established itself as one of the country's leading urban developers, creating residential projects under financial models aimed at expanding access to housing and fostering new communities. Zuba also holds an investment-grade rating in Paraguay, a condition that underscores its financial strength and the transparency of its corporate structure, whose financial statements are published by the Central Bank of Paraguay. In the case of Zuba Park, the combination of Aquadelta's urban scale and Zuba's experience in developing residential projects aims to create a new type of offering within the local real estate market. More than just an apartment building, the project aims to consolidate a small urban neighborhood within Aquadelta, bringing greater density, activity, and community life to the development. This approach reflects an increasingly visible trend in various metropolitan areas, where some residential demand is shifting toward suburban developments that offer greater contact with nature, security, and environmental quality, without losing access to economic centers. Initiatives like Zuba Park seek to integrate housing, services, education, commerce, and recreational spaces within a long-term plan. With its launch, the project joins the process of consolidating the northern axis as one of the areas where a new way of living in the Asunción metropolitan area is beginning to take shape. For those who wish to learn more about the proposal and sales terms, please complete the form at the end of this article. The Zuba Park development team will contact you directly to provide personalized information.

The developer integrates the specialized hospitality operator into its service ecosystem with the aim of professionalizing the operation of rental properties and strengthening building management in its projects. José Serratti, accionista y director jurídico de CIVIS, junto a Manuel Mateu, propietario y director comercial de HOSTPY. Real estate developer CIVIS Soluciones Inmobiliarias announced the integration of HOSTPY into its service ecosystem, an initiative aimed at strengthening after-sales management of projects and offering owners professional tools to manage and operate their properties. The addition of the company specializing in short-term rentals, hospitality, and property management is part of a broader strategy to support investors throughout the entire lifecycle of their real estate investment. The initiative also reflects a growing trend in the real estate market: developers are beginning to complement the construction and marketing of projects with services focused on the operation and management of assets once delivered. In this context, CIVIS seeks to consolidate a real estate ecosystem model that allows owners to access professional solutions designed to optimize the performance of their properties and preserve their value over time. HOSTPY thus joins the suite of services that CIVIS has been developing around its projects, with the aim of professionalizing accommodation management and strengthening administration standards within buildings. Unlike a traditional real estate agency focused on accommodation brokerage, the company operates under a hospitality model applied to residential properties, managing assets as accommodation units and comprehensively overseeing the guest experience and the daily operation of the properties. El edificio CIVIS Mariscal, ubicado en el barrio Recoleta, cuya entrega está prevista para marzo de este año. Currently, HOSTPY is already operating in the short-term rental segment, managing houses and apartments through a model that combines attention to detail, technology, and operational efficiency. Its approach encompasses the complete management of the units, including reservation management, coordination of cleaning and maintenance services, guest support, and occupancy optimization across various lodging platforms. With the integration of HOSTPY, unit owners within CIVIS developments can delegate the complete management of their properties to a specialized operator. This includes the administration of units intended for both short-term stays and traditional residential rentals, as well as the coordination of bookings on digital platforms, guest and tenant support, and operational management related to the maintenance, cleaning, and daily operation of the properties. In this new phase, the company will also expand its reach into condominium management, beginning with the CIVIS Mariscal building, whose inauguration is scheduled for March. The goal is to integrate HOSTPY's experience in lodging operations with the quality, maintenance, and community standards that characterize developments promoted by CIVIS. As Asunción experiences sustained growth in residential building construction and an increasing number of investors acquiring units for rental purposes, the management of these properties is becoming ever more important. In this context, professional property management is becoming a key element for streamlining the operation of these assets. An efficient management system allows for the establishment of consistent standards for maintenance, cleaning, guest services, and operational management—factors that are fundamental to maintaining the reputation of the buildings and ensuring the long-term proper functioning of the rental units. The initiative also incorporates technological tools designed to improve the owner experience and optimize building management. Through the CIVIS Community app, owners can access information related to their units, view occupancy, rental, and availability data, manage reservations for common areas, and communicate directly with customer service. These digital tools aim to simplify the day-to-day administration of buildings and provide greater transparency regarding property performance. Aether by CIVIS, actualmente en construcción en el barrio Las Lomas, con entrega programada para 2030. From CIVIS's perspective, the incorporation of management and technology services is part of a broader vision aimed at building an ecosystem of real estate solutions designed for investors. In addition to developing and marketing projects, the company seeks to integrate various tools and services that support owners throughout the entire investment process. This ecosystem includes areas such as financing structures, unit outfitting, housing technology, construction oversight and monitoring, property management, and accommodation operations. The focus is on ensuring that investors not only acquire real estate assets but also have the necessary tools to operate them efficiently and professionally. For its part, HOSTPY brings specific expertise in the hospitality sector applied to residential properties. The company began operations managing homes in San Bernardino, where it quickly established itself within the short-term rental segment by offering high-quality lodging experiences for guests and efficient management solutions for owners. The company's operating model is based on applying hotel industry standards to the management of residential properties, carefully attending to every detail of the guest experience and ensuring organized and professional management of accommodations. HOSTPY acts as a liaison between property owners and lodging platforms, handling the comprehensive management of reservations, guest services, property maintenance, and the coordination of various services related to the stay. The company was founded by the Mateu-Cáceres couple with the vision of contributing to the professionalization of the short-term accommodation sector in Paraguay. Since its inception, the company has sought to introduce more structured management practices within a segment that has grown rapidly in recent years, but which in many cases still operates in a fragmented or informal manner. For CIVIS, the addition of HOSTPY comes amidst a year already marked by several milestones in its project calendar. During 2026, the developer projects new real estate launches, expansion of its presence in various cities across the country, and the delivery of new developments within its portfolio. The company is currently constructing Aether , CIVIS X, CIVIS XI , and SOHO Flats in Asunción, while the CIVIS Mariscal building is nearing completion. In recent years, the company has also completed projects such as Mburucuya Flats, Flats del Sol, Flats Las Mercedes, CIVIS Alpha, Villa Morra Flats, ARAZA 1 and 2 within the Yvyra gated community , and Jardinia, consolidating a portfolio that now exceeds 50,000 square meters of construction, with more than 1,250 units sold and eight buildings delivered. In a context of growth in the Paraguayan real estate market and the expansion of income-oriented investment models, the incorporation of specialized management and hospitality services is becoming an increasingly relevant component of the real estate ecosystem. As investor profiles diversify and projects incorporate new uses and operating models, professional property management is acquiring an increasingly central role in ensuring the efficient operation of buildings and the long-term sustainability of investments.

During the official presentation of Wyndham Garden Costa del Lago to investors, the alliance seeks to retain longer tourist stays and boost investment in the Triple Frontier. Aníbal Figueredo, vicepresidente de Raíces Real Estate; Alex Loza, director del Grupo Barcelona; Angie Duarte, ministra de la Secretaría Nacional de Turismo (SENATUR); Ernesto Figueredo, presidente de Raíces Real Estate; y Armando Ramírez, director de Business Development de Wyndham Hotels & Resorts. On Thursday, February 19, the official presentation of Wyndham Garden Costa del Lago Residences took place at the Dazzler Hotel in Ciudad del Este, bringing together developers, investors, and authorities. At the same event, Raíces Real Estate and the National Tourism Secretariat (SENATUR) formalized a Cooperation Agreement aimed at integrating real estate investment and tourism strategy at the national level. The agreement establishes a joint roadmap that seeks to coordinate private investment and public policy, promoting national and international positioning campaigns, providing specialized technical assistance for developments linked to the tourism sector, and creating institutional conditions that facilitate new investments in strategic destinations across the country. Initially valid for two years, the agreement extends until 2028, consolidating a cooperation framework focused on continuity rather than isolated actions. The alliance comes at a time when tourism is beginning to solidify its position as an increasingly visible component of the national economy. The integration of real estate developments with state tourism planning introduces a more structured approach, in which real estate development is no longer seen solely as an asset investment but begins to form a direct part of the country's tourism offerings. Angie Duarte, ministra de la Secretaría Nacional de Turismo (SENATUR), y Ernesto Figueredo, presidente de Raíces Real Estate, durante la firma del convenio. The agreement reaffirms the intention to promote projects that combine architectural quality, urban planning, and a long-term vision. The initiative stems from a concrete understanding of the regional context. Paraguay, and particularly the Alto Paraná region, occupies a strategic geographic position within the Triple Frontier circuit, one of the areas with the highest tourist traffic in South America. Every year, millions of visitors explore Iguazu Falls and the main attractions of the Triple Frontier, but a significant portion of that flow spends only a few hours in Paraguay, reducing the local economic impact. The challenge is not to attract more visitors, but to encourage them to stay longer. Encouraging an additional night or two means that a greater proportion of tourist spending is captured within the country—in hotels, restaurants, and other services—thus expanding the local value chain. Meeting this challenge requires products that integrate experience, infrastructure, and professional management. Following this approach, Wyndham Garden Costa del Lago Residences is a project developed through a partnership between Raíces Real Estate and Grupo Barcelona, incorporating Wyndham's hotel management services. The project is located within the gated community of Costa del Lago, in the city of Hernandarias, in an environment spanning over 380 hectares that combines natural landscape, sports facilities, and comprehensive security. The building will boast a prime location facing a 29,200-square-meter crystal lagoon, surrounded by white sand beaches, as well as a marina with access to Lake Itaipu for water sports. The proposal includes versatile unit types: lockoff units, one- and two-bedroom apartments, duplexes, options with terraces or gardens, and penthouses, designed to cater to both tourists and rental investors. One of the core elements of the business model is its rental pool structure. In this system, all revenue generated by hotel operations is pooled into a common fund. After deducting operating expenses, the profit is distributed proportionally among the owners based on their square footage. This mechanism mitigates the individual risk associated with the specific occupancy of each unit. Unlike individually managed short-term rental schemes, where profitability depends solely on the performance of a single unit, the pool structure reduces volatility and offers greater predictability in revenue flow. Management by an international chain introduces professional standards to operational, commercial, and service management. This is a significant factor in a market where the hotel supply has grown in recent years, but where there is still room to improve service quality, especially in the high-end executive and family segments. Alto Paraná has experienced remarkable dynamism in recent years, driven by both internal migration from other departments of the country and a significant increase in foreign residents, especially Brazilians, motivated by economic and fiscal factors. This phenomenon has spurred high-rise residential development and expanded the range of complementary accommodation options. However, some of these offerings lack a comprehensive service and hospitality package aligned with international standards. Projects like Wyndham Garden Costa del Lago aim to fill this gap between the traditional hotel and the individual short-term rental apartment, integrating professional management, high-quality amenities, and a natural setting. The location enhances its strategic appeal. Costa del Lago is approximately 20 minutes from downtown Ciudad del Este, 45 minutes from the region's most accessible airport, and less than an hour from Iguazu Falls. This connectivity, combined with the scenic surroundings of Lake Itaipu, allows for the integration of urban life, nature, and international tourism into a single product. Beyond this specific project, the alliance between Raíces, Grupo Barcelona, and Wyndham highlights a significant trend in the Paraguayan market: partnerships between local players and internationally recognized brands. These collaborations not only enhance brand positioning and build investor confidence but also facilitate knowledge transfer in hotel management, administration, marketing, and service standards. This process contributes to the development of a skilled workforce and the consolidation of a service culture that strengthens the country's tourism competitiveness. The agreement with SENATUR introduces an institutional component that seeks to integrate these developments within a broader tourism strategy. In a context where Paraguay is experiencing sustained growth in tourism settlements and greater regional visibility, the collaboration between private investment, international hospitality, and public policy becomes a central element for consolidating a more competitive offering. More than just a one-off announcement, the launch of Wyndham Garden Costa del Lago demonstrates a different way of understanding real estate development: as a tool to attract investment, retain tourists, and generate a greater economic impact within the country. Those wishing to learn more about unit types, availability, updated pricing, or purchase terms can complete the form at the end of this article. The developer will contact interested parties directly to provide personalized information and assist with the project evaluation process.

The increased weight of housing credit within GDP demonstrates a gradual process of institutionalization, banking and maturation of the Paraguayan real estate market. Banco Central del Paraguay Housing finance in Paraguay continues to consolidate a growth trend that transcends mere circumstance and is beginning to outline a structural change at the core of the local financial system. As of the end of December 2025, the total outstanding balance of housing loans granted by banks and finance companies reached G. 9,529,796,000,000. Expressed in US dollars at the official exchange rate of G. 6,585.55, this figure is equivalent to approximately USD 1.447 billion, a number that, due to its magnitude and relative weight within the economy, represents the highest level in recent years. This growth is neither isolated nor sudden. In December 2019, the total outstanding balance of housing loans stood at G. 3.33 trillion. By 2022, it had reached G. 5.63 trillion. In 2023, it rose to G. 6.70 trillion, and in 2024, it closed at G. 7.74 trillion. The 2025 figure represents a year-on-year nominal increase of nearly 23% compared to the previous year, confirming that the dynamism of mortgage lending not only held steady but accelerated within a context of increased real estate activity and macroeconomic stabilization. However, the most insightful data point is not the absolute amount, but its relationship to Gross Domestic Product. In 2019, housing credit represented just 1.36% of Paraguay's GDP. By 2022, that proportion had climbed to 1.84%. In 2023, it stood at 2.14%. In 2024, it reached 2.22%. By the end of 2025, housing finance was equivalent to 2.93% of GDP, marking the highest level of the observed period and demonstrating a sustained process of financial deepening. This increase of more than 1.5 percentage points of GDP over six years is significant. It implies that the financial system is allocating a growing proportion of resources to housing finance, suggesting greater formalization of the residential market, increased access to banking services for buyers, and greater confidence among financial institutions in the sector's stability. Even so, from a comparative perspective, Paraguay continues to show a low level of mortgage penetration compared to other countries in the region, where housing credit can easily exceed 10% of GDP and, in more developed economies, reach considerably higher figures. This reveals a dual interpretation: on the one hand, the recent expansion is significant and positive; on the other, the potential for structural growth is still substantial. The composition of financing also offers relevant elements for analysis. Of the total recorded in December 2025, 9.45 trillion guaraníes correspond to banks, while finance companies account for only 73.001 billion guaraníes. The share of finance companies, which exceeded 112 billion guaraníes in 2022, has progressively decreased in both absolute and relative terms. The growth of mortgage lending in Paraguay is being driven almost exclusively by the banking system, which reinforces the idea of greater institutionalization of housing finance. This banking dominance not only reflects greater funding capacity and risk structure, but also increasing professionalization in credit evaluation, mortgage structuring, and the integration of financing within the real estate value chain. For developers, this implies the need to structure projects with greater predictability, formality, and bankability, as access to credit for end buyers becomes a central component of absorption. The macroeconomic context is key to interpreting this trajectory. In recent years, Paraguay has maintained relative stability in inflation, fiscal discipline, and regulatory predictability—factors that constitute the structural support for long-term credit. Mortgage financing is, by definition, an intertemporal decision for both the bank and the borrower; it requires confidence in income stability, currency stability, and the institutional framework. The increased share of housing credit in GDP suggests that these elements have been sufficiently robust to allow for expansion. At the same time, credit growth is also linked to the dynamics of the formal real estate sector, which in recent years has shown greater sophistication in project design, more robust financial structuring, and a more tailored offering for bankable segments. The consolidation of developments geared toward buyers with access to the financial system, the expansion of residential projects in strategic urban areas, and increasing professionalization in the market have all contributed to expanding the demand for financing. However, the current level of 2.93% of GDP also raises strategic questions going forward. The challenge is not only to continue expanding the volume of credit, but to do so with portfolio quality, adequate risk management, and progressively expanding access without generating over-indebtedness or price bubbles. Regional experience shows that mortgage expansion is a powerful engine of urban development and economic growth, but it requires a balance between dynamism and prudence. From a real estate market perspective, increased access to credit has direct implications for project structure. As mortgage financing gains ground, the rate of absorption tends to depend less exclusively on pre-sales or investor buyers and more on the financed end buyer. This alters the business logic, the product profile, and the pricing strategy. Bankability ceases to be an accessory aspect and becomes a central element of project design. The growth observed between 2019 and 2025 reflects a cumulative trend that has persisted even in contexts of external volatility. If macroeconomic stability is maintained and the financial system upholds credit discipline, housing credit could continue to increase its share of GDP in the coming years.

The sector is leaving improvisation behind and entering a stage where commercial discipline, data culture and experience management become determining factors of competitiveness. The Paraguayan real estate market is undergoing a maturation process that seemed improbable just a few years ago. What was traditionally a fragmented sector, sustained by personal relationships, business intuition, and decisions made on the fly, is now moving toward a more rigorous, methodical, and strategic structure. Competition is more intense, consumers are more demanding, and the country is more integrated into regional dynamics. In this new scenario, professionalization is no longer an abstract goal: it is a necessity for survival. For decades, the local real estate industry operated under an almost artisanal approach. Many projects were launched without thorough product validation, detailed demand analysis, and with sales strategies that relied more on the charisma of the salespeople than on a coherent system. Communication, meanwhile, relied on identical renderings and interchangeable slogans that failed to build brand awareness or differentiation. However, this model began to crumble as the market became more competitive and the Paraguayan buyer started to change. The new buyer is digital, informed, eager, and a comparison shopper. They research before speaking with an agent, visit multiple websites simultaneously, and demand clarity on prices, property types, timelines, and warranties. The pandemic and subsequent years accelerated this transformation: the home search became a more rational, researched, and less improvised process. Today, clients arrive at their first contact with a developer having viewed dozens of listings, read reviews, compared locations, and virtually toured competing projects. In such a context, improvisation is no longer a viable option. This consumer shift forced an evolution across the entire ecosystem. The first area to change was marketing, which ceased to be merely promotional and became a strategic business area. Communication moved away from generic images and became an exercise in branding, storytelling, and genuine content. Developers began to understand that a brand isn't built at launch, but much earlier: in the project's conceptualization, in the message's consistency, in the quality of the images, in communicating the differentiating factor, and, above all, in the ability to sustain a clear narrative. This understanding led to a growing demand for specialized studios, more professional agencies, and consultancies capable of combining creativity with analysis. But the most profound change wasn't in communication itself, but rather in how companies are beginning to use data. Paraguay, historically lagging behind in real estate metrics, is entering an era where measuring, comparing, and analyzing are becoming indispensable. The industry is starting to adopt tools to understand the cost of acquiring a lead, how many leads convert into visits, how many visits become bookings, how long it takes to close a sale, and what variables stand in the way. Concepts like CAC (cost of acquisition), LTV (customer lifetime value), campaign attribution, and behavioral segmentation were practically nonexistent just five years ago. Today, they are becoming part of the common vocabulary of companies seeking to compete at higher standards. This transition also revealed a telling discovery: most business problems in projects don't occur during the pre-sales phase, but rather in the customer service and follow-up process itself. Experiences gathered by various consulting firms show that Paraguayan buyers face frictions ranging from delayed responses to a lack of pricing clarity or inconsistencies between marketing and sales communication. A significant portion of lost sales isn't due to price or product issues, but rather to poor management. This diagnosis is forcing developers to rethink their internal structure, professionalize their sales teams, incorporate CRMs, standardize processes, and define response protocols. For the first time, customer experience is beginning to be seen as a strategic asset. The new cycle of professionalization is also evident in how products are designed. The notion of “product-market fit,” borrowed from the technology sector, is increasingly entering the real estate conversation. This means that a project can no longer be based solely on the vision of the developer or architect, but rather on data that reveals what the market truly wants. This process involves validating building types, sizes, prices, architectural programs, and amenities before the building even exists, which reduces risks and improves the likelihood of success. Developers who are adopting this approach are discovering that evidence-based design not only reduces costs but also better informs business strategy, construction timeline, and cash flow. The real estate market is also changing. Amenities are no longer an optional extra, but a crucial part of perceived value. Professionalism has also reached this area: simply filling floor plans with spaces no one will use no longer works. Buyers want real gyms, restaurants operated by third parties, functional coworking spaces, and wellness areas with programs, not just aesthetics. This is why the trend of outsourcing the operation of certain spaces to ensure quality and usability is growing. Restaurants operated by well-known brands, gyms managed by specialists, and hospitality services within residential buildings are signs of a market that is beginning to align itself with the practices of more advanced regions. Meanwhile, Paraguay is experiencing a geographical expansion of its real estate sector. For years, almost all investment was concentrated in Asunción; however, cities like Encarnación, Ciudad del Este, Hernandarias, Luque, Limpio, and Mariano Roque Alonso are showing growth that is forcing companies to adapt their business models to new urban realities, income levels, and consumer expectations. This decentralization process not only redistributes supply but also requires raising standards because competing outside of Asunción demands understanding different dynamics, adjusting products, and having better-trained teams. Technological advancements are also becoming a determining factor. The adoption of CRMs, automation, analytics software, and tracking tools allows developers to move beyond the traditional model of "folders, Excel spreadsheets, and one-off calls." Digitizing the sales process, from lead generation to closing, is becoming a key differentiator. In more developed markets, this digitization is the standard; in Paraguay, it is beginning to be adopted by those who understand that efficiency is not just about convenience, but about competitiveness. The result of all this movement is clear: the industry is no longer what it was ten or even five years ago. Expectations have risen, competition has become more sophisticated, and customers no longer tolerate subpar experiences. Professionalization is not a destination, but an ongoing process that redefines how a project is conceived, communicated, sold, and managed. Companies that embrace this trend as a core part of their culture will dominate the cycle that begins in 2026. Those that don't will be trapped in a model that no longer reflects market realities. Paraguay is entering a stage where the real estate sector is transitioning from a developing industry to a mature one. And maturity implies discipline, order, method, metrics, vision, and a new understanding of customer experience as a decisive factor. Professionalization, far from being just talk, is already the new frontier. And it will undoubtedly be the driving force that defines Paraguayan real estate in the coming years.

The new residential development is located on the riverfront facing the Paraná River, integrating itself into the urban transformation process of the Encarnación waterfront. Last Thursday, February 5, the city of Encarnación was the scene of the official launch of Paseo Mboi Ka'e, a new residential development promoted by CRESIA, developer of the Codas Vuyk Group, which is located in one of the most privileged locations in the south of the country: the first line facing the Paraná River, in the heart of the Mboi Ka'ẽ neighborhood. Paseo Mboi Ka'ẽ is strategically located in Encarnación, where the riverfront and the Paraná River landscape function as a natural extension of urban life. Its construction complements the development of the Encarnación riverfront, one of the main drivers of the city's urban and tourism transformation in recent years, integrating directly into the public space, the natural environment, and the existing infrastructure. Conceived from the outset to coexist harmoniously with the riverbank, the building takes advantage of its orientation and its relationship with the river to maximize natural light, open views, and cross-ventilation, creating a way of living that prioritizes well-being, daily connection with the surroundings, and a residential experience deeply connected to the landscape. Location is one of the development's key attributes. Paseo Mboi Ka'ẽ is just steps from the San Roque González de Santa Cruz International Bridge, offering views that encompass both the cities of Encarnación and Posadas, and is only minutes from the Costanera Shopping Center, the Sambadrome, and the city center. Adding to its appeal is its immediate proximity to Mboi Ka'ẽ Beach, renowned for its family-friendly atmosphere, tranquility, and scenic beauty, making the project an attractive option for permanent residence, second homes, or investment. The building spans eleven levels and houses a total of 84 residential units, offering a diverse range of layouts to suit various needs. These include studios starting at 34.61 m², one-bedroom apartments starting at 39.37 m², and two-bedroom units starting at 75.11 m², all designed with spatial efficiency, natural light, and views of the surrounding landscape in mind. The complex also includes 55 parking spaces and two full levels dedicated to amenities, creating a comprehensive and functional living space. The common areas reinforce the idea of a contemporary and flexible lifestyle. The project includes a swimming pool with a deck and solarium, a barbecue area, a gym, coworking spaces, and laundry facilities—services that support both new work dynamics and leisure routines. This combination of amenities positions the building as a competitive option in the local real estate market, in a context where the quality of common areas is becoming increasingly crucial in purchasing decisions. From a commercial standpoint, Paseo Mboi Ka'ẽ is already showing clear signs of market acceptance. More than 75% of the units were sold during the pre-sale phase, a performance that reflects both the project's appeal and buyers' confidence in the developer's track record and Encarnación's potential as a real estate market. The launch prices, starting at USD 52,582, reinforce this momentum, offering a competitive balance between location, construction quality, and projected appreciation. Construction is scheduled to begin in May of this year, with an estimated completion time of 36 months. The project will be carried out by the Codas Vuyk Group itself, ensuring consistency between the project's development and the group's renowned construction standards. The launch of Paseo Mboi Ka'ẽ also holds strategic significance within the expansion plan of the Codas Vuyk Group, through CRESIA, in the south of the country. This is the group's fifth project in Encarnación, a city where it already has three completed developments, one currently under construction, and now this new project, which reinforces its presence and commitment to the region's urban growth. With over 47 years of experience and more than 350,000 m² developed, the group maintains an active presence in Asunción, Ciudad del Este, and Encarnación, with projects that aim to contribute urban value, architectural quality, and long-term investment opportunities. With Paseo Mboi Ka'ẽ, CRESIA and the Codas Vuyk Group have consolidated a proposal that engages with the landscape, the city, and new ways of living, raising the standard of the Encarnación residential market. More than just a riverfront building, the project is presented as an urban element that complements the evolution of the riverfront and reaffirms Encarnación's potential as one of Paraguay's most dynamic real estate and tourism hubs. To receive detailed information about Paseo Mboi Ka'ẽ , please complete the form below or visit paseomboikae.com.py . A representative from the developer's sales team will contact you directly to provide further details and answer any questions.

The groundbreaking ceremony marks the beginning of a residential development that accompanies the urban expansion of the northern axis of the metropolitan area. Augusto Mengual, Rafael Gill, el Intendente de Limpio, Optaciano Gómez Verlangieri, Eduardo Pérez y Santiago Llano en la palada inicial de Altavida Norte, en la ciudad de Limpio. On February 6, 2026, in the city of Limpio, the groundbreaking ceremony was held for Altavida Norte, a new residential development spearheaded by Grupo Azeta and Altamira Group. The event officially marked the start of construction on a project that falls within a phase of significant urban expansion along the northern axis of the metropolitan area. The project aims to address a growing demand for housing with an affordable, well-located option, backed by business groups with a strong presence in the sector. The ceremony was attended by municipal authorities, headed by the mayor of Limpio, members of the Municipal Council, executives from both companies, representatives from the real estate sector, and members of the media. Beyond its formal nature, the day symbolized the definitive transition of Altavida Norte from its commercial phase to the physical construction of the project. Located steps from the recently opened Plaza Norte Shopping Center and the Abasto Norte complex, the project is situated in one of Limpio's fastest-growing urban corridors. Its immediate proximity to services, shops, consumer centers, and new infrastructure solidifies the area as a strategic location for both first-time homebuyers and investors looking to capitalize on appreciating properties. Over the past five years, this sector has seen the establishment of industries, the opening of new businesses, and the inauguration of new educational institutions, factors that reinforce the pressure on residential demand and the projected profitability. From a broader urban perspective, Limpio is beginning to emerge as one of Asunción's natural expansion zones. Improved connectivity, land availability, and the arrival of major commercial operators are reshaping its role within the metropolitan area, transforming it into an increasingly attractive territory for medium-scale developments with a city-oriented approach. Altavida Norte is planned as a residential complex comprised of two towers with 62 apartments each, totaling 124 units including parking spaces. The program includes studio and two-bedroom apartment layouts, designed to appeal to a broad market of both end buyers and investors. The development also features functional amenities, such as a recreational court and multipurpose barbecue areas, while its immediate proximity to the shopping center acts as a natural extension of daily services, reducing the need for long commutes and improving the quality of life for residents. One aspect that stands out is the sales performance prior to the start of construction. During the presentation, it was reported that over 65% of Tower 1 is already sold, a level of occupancy that reflects early market validation of the product. This performance positions Altavida Norte as one of the most dynamic residential developments in Limpio's new urban center and reinforces the perception that there is latent demand for well-located housing solutions with competitive entry prices. On the commercial front, the project is offered as a pre-construction sale, with prices starting at USD 33,990, accompanied by in-house financing options during construction, interest-free until delivery. This model aims to facilitate access to housing and, at the same time, offer investors a phased entry structure aligned with medium- and long-term investment horizons. The delivery of the first units is scheduled for December 2026, a timeframe based on a construction methodology already proven by Altamira Group. The developer will manage the project, utilizing the tunnel formwork system, the same one employed at Altamira Surubí'i, where six towers have already been built and delivered since 2021. This method allows for more efficient, organized, and rapid execution, optimizing time and costs without compromising construction quality, a key factor for meeting deadlines in projects of this type. Behind Altamira Group lies a business story marked by the union of two families: the Guareschi and the Gil. With Paraguayan roots and international experience, the Gil family, led by Rafael and Víctor Gill, decided to return to the country from Venezuela with a clear vision for investment and development. The alliance with the Guareschi family, linked to the construction and real estate development sector, gave rise to Altamira Group, which today boasts over nine years of experience in Paraguay and a portfolio of seven projects, including Altamira Ycuá Satí, Altamira Surubí'i, Altavida Luque, Alzara Plaza, Parque Alcántara, and Veralta Los Laureles. For its part, Grupo Azeta brings significant business backing. With over 70 years of experience, the group has established itself as a platform that integrates and enhances multiple business models in Paraguay. Its ecosystem includes iconic companies such as IDESA, Shopping del Sol, Shopping Mariscal, Abasto Norte, Shopping Mariano, and Abasto Este, among others. This experience in commercial and urban development is key for projects seeking to integrate organically into their surroundings. Altavida Norte is also part of Distrito Norte, an initiative that brings together developers, educators, and commercial operators with the goal of transforming the Luque–Mariano–Limpio corridor into a new planned urban axis. The proposal aims to coordinate efforts between the private sector, government, and civil society to support growth with adequate infrastructure, improved urban planning, and a shared long-term vision where economic development, family well-being, and sustainability advance in a balanced way. With the start of construction, Altavida Norte reaffirms its position as a reliable, well-located option, aligned with the sustained growth of Limpio and its surrounding area. The groundbreaking ceremony not only marks the beginning of construction but also the consolidation of a project that combines accessibility, quality construction, and orderly urban planning, in a context where the northern axis of the metropolitan area is beginning to play an increasingly prominent role in Paraguay's real estate development. To receive detailed information about Altavida Norte, please complete the form below. A representative from the developer's sales team will contact you directly to provide further details and answer any questions.

The 50-story mixed-use project enters the construction stage and consolidates a new phase for CIVIS. Today marked the start of construction on Aether by CIVIS, with collaborators and the developer's team in attendance. The commencement of construction signifies a new step in CIVIS's growth process and initiates the execution of a 50-story mixed-use project that, due to its scale and complexity, represents the company's most significant development to date. Aether is the thirteenth project in CIVIS' portfolio and marks a stage of consolidation and maturity for the developer, which is moving towards larger-scale projects with greater urban impact and a long-term vision. More than just an isolated milestone, the start of construction reflects a natural evolution of its development model and its positioning within the local real estate market. Conceived from its inception as a landmark project for the city, Aether integrates contemporary architecture, sustainability, services, technology, and a profound understanding of new ways of living, working, and connecting in vertical urban environments. Scheduled for completion in 2029, it forms part of CIVIS's strategic roadmap aimed at developing urban icons that support the country's growth with vision, responsibility, and long-term sustainability. The choice of location is based on a combination of urban, infrastructural, and strategic factors. The project is situated on one of the main access routes to the city, connecting Aviadores del Chaco Avenue with Molas López Avenue, in an area that has become the new financial and corporate center of Asunción. Public investment in road infrastructure and urban services has been crucial in creating conditions that allow developers to plan for the long term and take on challenges of this scale, highlighting the importance of coordination between the public and private sectors in urban transformation processes. Its proximity to major urban landmarks, such as Paseo La Galería and Shopping del Sol, reinforces the strategic importance of the location, solidifying its position as a key hub for both local residents and international visitors. Furthermore, the presence of the country's tallest tower in the area has contributed to the formation of a cluster of high-rise buildings, within which Aether is emerging as a new landmark, poised to become the tallest building in the area and a key element of the Asunción skyline. In commercial terms, the project comprises a total of 240 residential units. At the start of construction, Aether has reached a sales level of approximately 80%, with limited availability of one-bedroom units, few two-bedroom options, and a small number of duplex penthouses. This sales performance confirms the product's strong appeal and the market's interest in high-quality residential offerings integrated with a range of services and amenities on a scale unprecedented in the country. More than just a building, Aether is conceived as a comprehensive vertical experience focused on well-being, productivity, and social connection. The project dedicates over 2,250 square meters to common areas, distributed across more than 35 amenities, redefining the concept of high-rise living and prioritizing both the physical and emotional well-being of its residents. The architectural design seeks to balance comfort, aesthetics, and functionality, incorporating spaces that invite serenity, movement, and shared living. The tower will feature four levels dedicated to common areas, making it the skyscraper with the highest proportion of amenities per square meter in the Paraguayan market. On the ground floor, Aether will include a selection of restaurants and a five-star restaurant of over 500 square meters, designed for 120 diners and offering room service for residents, reinforcing its mixed-use development character and its integration with the surrounding urban dynamics. On level seven, located on the transition slab between the parking garage and the main tower, one of the most comprehensive sets of amenities in the country will be concentrated. This level will house areas focused on holistic well-being, organized into interconnected themed zones. The so-called Green Zone will function as a natural elevated park, incorporating a swimming pool for adults and children, a bar, a solarium, relaxation areas, a jacuzzi area, a massage room, an outdoor calisthenics gym, outdoor play areas, and designated pet areas, all surrounded by native vegetation that reinforces the project's environmental identity. In parallel, the Wellness Zone will be dedicated to physical and mental well-being, with a fully equipped indoor gym, a spa area, a hair salon, massage rooms, and saunas, conceived as an urban haven of serenity and contemporary design. Aether's social spaces include areas dedicated to entertainment and community life, such as a movie theater, a clubhouse with a golf simulator, a pool table, arcade machines, a vending machine, a video game room for teenagers, a children's playroom, and air-conditioned lounges with grills for private gatherings. In addition, there is a tasting room designed for gastronomic and wine experiences, elevating the building's social offering to a standard rarely seen in the local market. Construction quality and the selection of amenities are central to CIVIS's value proposition. In a context where the developer's role is becoming increasingly complex, technical and financial management must respond to concrete market expectations and new demands related to quality of life, efficiency, and sustainability. In this sense, Aether seeks to materialize a coherent solution encompassing design, execution, and long-term use. From an environmental perspective, the project will be EDGE certified, an international standard that recognizes buildings designed for efficiency in the use of energy, water, and materials. This certification implies a significant reduction in energy and water consumption, efficient use of construction resources, lower operating costs over time, increased property value, and alignment with international responsible investment criteria. The addition of EDGE reinforces CIVIS's commitment to a more conscious approach to construction, better prepared for future urban challenges. In terms of services, Aether will incorporate a premium offering focused on optimizing user time and convenience. Building management will be handled by Hostpy, a company recently acquired by the CIVIS group, which will provide comprehensive professional management of the condominium. Owners will also have access to rental management solutions for both traditional and short-term leases, making the units operationally efficient assets for investors. The project has the structural backing of CIVIS's FAII, a scheme that provides greater security, transparency, and financial organization for investors. Through fiduciary vehicles, the project's assets, including the land, investments, and backing capital, are structured into independent trusts, separate from the company's other developments. This model aims to guarantee the protection of invested capital and ensure that resources are effectively transformed into the promised assets, consolidating a framework of predictability and confidence. The construction of Aether will be carried out by Codas Vuyk, with oversight by FiscaPro, while the design and outfitting of spaces will be developed by Better Space and Networkers. This collaboration between specialized companies is part of the comprehensive approach that CIVIS applies to its developments, integrating design, technology, furnishings, and construction solutions under a single vision. This year, CIVIS plans new launches in Asunción and developments in the south of the country, advancing its national expansion plan and its positioning as a comprehensive real estate investment platform. Aether thus aligns with a clear roadmap, focused on generating urban, social, and economic value, supporting Paraguay's growth with a long-term vision. Looking ahead, the developer anticipates an evolution of its business model, moving from one-off interventions to larger-scale projects focused on developing entire urban areas with mixed uses that integrate housing, offices, hotels, retail, and urban amenities. This approach entails greater collaboration with public entities and a greater ambition for a more profound urban impact. In parallel, CIVIS is working on a capital opening and expansion process, with a five- to ten-year strategic vision that includes its projection as a developer with regional and international reach. From Paraguay, the company seeks to bridge the gap between local practices and more advanced market development models, focusing on architecture, management, and financial structures aligned with global standards. The start of construction of Aether by CIVIS not only marks the beginning of a large-scale project, but also synthesizes a vision of the city, the company, and the future, in which real estate development is conceived as a tool to transform the urban environment and responsibly and sustainably support the growth of the country. To receive detailed information about the Aether by CIVIS project, please complete the form below. A representative from the sales team will contact you directly to provide further details and answer any questions.

Practical guide on legal requirements, documentation and deed registration process Real estate transactions in Paraguay are governed by a legal and registration framework that establishes specific documentary requirements for both domestic and foreign buyers. While the country does not impose nationality restrictions on the acquisition of urban properties, the transaction requires verification of the buyer's identity, the legal status of the property, and the proper notarization and registration of the transfer. Knowing in advance which documents are involved in the process is key to ensuring that the operation is carried out in an orderly, transparent manner and in accordance with current regulations. Compliance with SEPRELAD Regulations Within the framework of real estate transactions, the purchase and sale of properties in Paraguay is subject to the anti-money laundering and counter-terrorism financing regulations established by SEPRELAD. Notaries, real estate agencies, and other obligated entities must apply due diligence procedures to identify the buyer and verify the lawful origin of the funds used in the transaction. In practice, this may involve requesting declarations of the source of funds, supporting documentation such as contracts and proof of income, and, in certain cases, additional information for larger transactions, non-resident buyers, or corporate structures. These requirements are not part of the registration process itself, but are necessary to comply with current regulations and enable the execution of the public deed. Compliance with SEPRELAD requirements is now a common step in the buying and selling process and should be considered part of the normal documentation process for a formal real estate transaction in Paraguay. Buyer Documentation The starting point is personal identification. Paraguayan citizens must have a valid national identity card. Foreign buyers can purchase real estate with a valid passport, without needing permanent residency in the country. In practice, notaries verify that the identity documentation is valid and in good condition at the time of the transaction, especially in the case of non-resident buyers. To purchase property in Paraguay, a criminal record check is not a direct legal requirement on the deed. However, as part of due diligence and regulatory compliance procedures, criminal record certificates and/or credit or judicial reports may be requested in certain transactions, especially when the financial system is involved, the buyer is a non-resident, or aspects related to the free disposal of assets are being analyzed. It is also common to request proof of marital status, such as a certificate of single status or a marriage certificate, apostilled if issued abroad. This is key to defining the applicable property regime and avoiding future disputes regarding ownership of the property. Legal Documentation of the Property The central document in any transaction is the title deed, which must be properly registered with the General Directorate of Public Registries. The notary is obligated to verify that the seller is the legitimate owner and that a valid chain of ownership exists. In addition, there is the certificate of ownership or certificate of encumbrances, which confirms that the property is free of mortgages, liens, injunctions, or other restrictions that would prevent its transfer. This point is critical: buying without this verification exposes the buyer to serious financial risks. For urban properties, an approved cadastral map is usually also required, as well as proof of being up-to-date with property taxes and municipal levies. In some municipalities, the notary's office expressly requests a municipal debt certificate or a certificate of no outstanding debt as a prerequisite for signing the deed. Contracts and Formalization of the Purchase In many transactions, especially those involving deferred payments or reservations, a private purchase agreement is signed beforehand , with signatures certified by a notary. This agreement establishes the price, payment method, terms, and conditions, but does not transfer ownership. The transfer is only effective through a public deed , executed before a notary public and subsequently registered in the corresponding registries. This act is equivalent to the registration transfer form and is what legally consolidates the purchase. Taxes, Fees and Registrations To complete the transaction, proof of payment of all taxes and fees related to the property must be provided. This includes up-to-date property taxes and, in some cases, specific municipal taxes. While capital gains tax is typically the responsibility of the seller, the buyer should ensure there are no outstanding debts that could affect the registration. Special Considerations for Foreign Buyers Paraguay grants equal rights to foreigners and nationals to purchase urban and rural real estate. The only relevant restriction applies to rural properties located within 50 kilometers of the border, which require authorization from the Executive Branch. The purchase can be made without being physically present in the country, using a power of attorney granted abroad, provided it is properly apostilled or legalized. This mechanism is widely used by regional investors. Having a local bank account is not a legal requirement, but it usually facilitates payments, transfers and subsequent operations, especially in cases of rental or resale. Acquiring property in Paraguay requires fulfilling a series of documentary requirements to guarantee the legal validity of the transaction and the proper registration of the property in the buyer's name. Reviewing the property title, verifying encumbrances, formalizing the transaction through a public deed, and complying with tax obligations are key stages of the process. Having professional advice during the purchase and sale facilitates compliance with these requirements and helps to reduce legal and registration risks associated with the transaction.