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  • Construction begins on Civis XI: A New High-Rise Icon for the Asunción Skyline

    Located in the heart of the Las Lomas neighborhood, steps from Civis X, the brand's new development is projected to be one of the tallest and most complete buildings in the country, reaffirming the commitment to a vertical, connected and sustainable city. Andrés Martí, Gerente Comercial de Civis; José Serratti, Accionista y Director Jurídico de Civis; y Diego Vuyk, Director Ejecutivo de Codas Vuyk This Wednesday, the groundbreaking for Civis XI took place, marking the beginning of a new emblematic project for the Asunción skyline. Located on San Martín Avenue near Agustín Pío Barrios, in the heart of the exclusive Las Lomas neighborhood, just 150 meters from the sister building, Civis X, this new mixed-use development consolidates a clear urban vision: to build a more vertical, more efficient, and more connected city. The symbolic ceremony was led by the firm's Shareholder and General Counsel, José Serratti, and Commercial Manager Andrés Martí, along with the executives of the construction company Codas Vuyk, responsible for the construction project. The project embodies a comprehensive vision that combines design, innovation, sustainability, and a new way of living in the city, further consolidating the brand's position as a benchmark for large-scale developments in Paraguay. At over 140 meters tall and featuring 196 residential units, Civis XI is one of the tallest and most complete buildings in the country. The tower incorporates a typological mix that includes studios, one- and two-bedroom apartments, lock-off units, and mini penthouses, thus integrating a flexible proposal that responds to both investment demand and new ways of living in the city. At its base, there will be a ground-floor restaurant and more than 1,450 m² of common areas designed with a holistic wellness concept. The project will feature a natural elevated park with native vegetation, multiple pools, outdoor play areas, indoor and outdoor gyms, relaxation areas such as a spa, saunas, and jacuzzi, as well as amenities such as a business center, cinema, massage room, hair salon, and an ecumenical space. This will also include a range of integrated services ranging from cleaning, laundry, and waste management to electric chargers, tire inflation, and alternative mobility for residents with electric bicycles and scooters. One of the project's central pillars is sustainability. Following the path forged in its previous developments, Civis XI aims to obtain EDGE certification, an international standard that promotes efficient use of water, energy, and materials. The incorporation of solar panels, responsible waste management, and the choice of native vegetation are part of this conscious commitment, which seeks to position Civis XI as one of the few certified buildings in the country and as a national benchmark in environmental responsibility. Additionally, Civis is advancing the development of a mobile app that will connect users of its various buildings. The platform will have two versions: one aimed at residents, who will be able to manage amenity reservations, make complaints, and access benefits with local stores and services; and another designed for owners, which will provide a comprehensive financial dashboard with data on unit performance, expenses, and billing. This technological initiative will be officially launched in conjunction with Civis Mariscal, scheduled for February 2026, and reflects the brand's desire to create smart, interconnected, and self-managed communities. Market support for Civis XI 's proposal is evident: with more than 90% of the units already sold, the project has been met with outstanding reception. Both investors and end-users have invested in this new development, consolidating not only the brand's reputation but also confidence in the potential of the Paraguayan real estate market. According to the company, sales have attracted capital from Latin America, Europe, and Asia, a clear demonstration of Paraguay's growing appeal on the regional map. Civis XI thus becomes the eleventh project launched by the developer, which, in less than eight years since its founding, has already delivered five buildings, has six under construction, and has sold over 900 units and commercialized more than 70,000 square meters. This new skyscraper is also the second high-rise developed within a span of less than six months, and together with Civis X, represents a combined investment of nearly 30 million dollars—highlighting both the team’s operational maturity and its capacity to plan and execute large-scale projects simultaneously. Civis emphasizes that the company's growth reflects not only a period of expansion, but also a long-term urban vision. The verticalization of Asunción, the consolidation of strategic corridors, and the demand for housing with integrated services demonstrate a profound transformation in the way we design and experience the city. The proximity of a new launch, less than 500 meters from the current construction site, confirms that the brand will continue to invest heavily in this particular area. With a business model based on efficiency, design, and sustainability, Civis doesn't just build buildings: it builds communities, cities, and a new narrative for urban development in Paraguay. Those interested in joining this initiative still have the opportunity to purchase one of the available units, with competitive prices and guaranteed delivery. Those interested can complete the contact form to receive more information directly from the developer:

  • Vivo Costanera: CRESIA and Codas Vuyk Inaugurate Their Third Building in Encarnación

    With 100% of its units sold before its opening, Vivo Costanera confirms the attractiveness of the Encarnación market and the solid positioning of the development group. Last Thursday, June 12th, the inauguration of Vivo Costanera took place, the third project delivered by the development group comprised of CRESIA and the construction company Codas Vuyk in the city of Encarnación. Located on a prime plot of land on the city's waterfront, Vivo Costanera represents a new milestone in the urban transformation of this departmental capital, which, in recent years, has established itself as one of Paraguay's most important residential and tourist hubs. Construction began in February 2023 and in just over a year was completed and sold out, confirming not only the quality of the product but also the strength of the Encarnación market. The eight-story building rests on a basement of parking spaces and culminates in a communal terrace offering panoramic views of the Paraná River and the city center. In total, there are 32 one- and two-bedroom residential units, designed with a contemporary spatial logic that prioritizes spaciousness, natural light, and visual integration with the coastal environment. Each unit was conceived as a functional, comfortable, and visually appealing living space. Ranging in size from 55 to 66 square meters, all feature high-quality finishes such as double-glazed windows, fully equipped kitchens with cabinets and cupboards, and fully-equipped bathrooms. Some apartments were specifically designed for the short-term rental market, reflecting the growing interest in platforms like Airbnb, which adds a layer of versatility to the offering. Vivo Costanera's location is one of its most notable features. Located in the heart of Encarnación's tourist and recreational circuit, the building offers its residents direct and privileged access to San José Beach, the Costanera promenade, shopping, the gastronomic avenue, and the San Roque González de Santa Cruz International Bridge, which connects to the Argentine city of Posadas. This proximity to the city's main attractions not only makes it an ideal place for vacations or weekend getaways, but also an excellent option for those seeking a dynamic yet natural urban setting. The terrace, conceived as a space for socializing and outdoor recreation, houses the main amenities: a pool overlooking the river, a barbecue area with a grill, fire pits, and lounge areas. This last level was designed not only as an aesthetic plus, but as a true extension of the living experience, offering residents a place to enjoy the surroundings without leaving the building. The opening of Vivo Costanera marks the consolidation of the development group in Encarnación. CRESIA and Codas Vuyk had previously completed the Paseo de los Teros and Winkel projects, and are currently building Paseo del Sol , with delivery scheduled for 2026. In parallel, construction is progressing on Vivo Área 1 and Paseo Boquerón in Ciudad del Este , while new launches are being prepared in various cities across the country. This sustained presence in various urban centers reflects a growth strategy with strong territorial anchoring, focusing on cities with their own dynamism and potential for appreciation. Behind these projects is Codas Vuyk, a construction company with over 40 years of experience in the Paraguayan market. Recognized for its commitment to technical excellence and its "constructive seal" based on quality, reliability, and guarantees, the firm has participated in projects that not only meet the highest standards but also add value to the communities in which they operate. Its focus is not limited to building structures, but also on improving people's quality of life and strengthening the urban fabric through well-planned interventions. CRESIA is the result of a strategic alliance between Pridelta Capital SA and Codas Vuyk SA, designed to connect investors with real opportunities in the real estate market. With a comprehensive approach to development, spanning from project conception to management and marketing, the firm is committed to vertical growth that interprets progress not only as an economic or architectural phenomenon, but also as a social evolution. At CRESIA, real estate development is understood as a tool to generate meaningful and sustainable life experiences, supported by highly qualified professional teams and a 360-degree business vision. Vivo Costanera is, in this sense, a synthesis of that philosophy: a project that not only responds to a demand for modern housing in a strategic location, but also proposes a new way of inhabiting the urban space of Encarnación. With each building, the group develops not only square footage, but also urban value, a sense of belonging, and new possibilities for those who choose to live, invest, or enjoy cities with a future. If you'd like to learn more about CRESIA and Codas Vuyk's projects, please fill out the form below and their team will contact you with all the information you need:

  • CIVIS XI: The Skyscraper that Marks a New Horizon for Asunción

    Asunción adds a new architectural icon to its skyline with the official launch of CIVIS XI, the eleventh project by urban developer Civis and its second skyscraper. The unveiling, which took place yesterday, marks a milestone in the country's real estate development and projects a new paradigm in the urban living experience, integrating technology, nature, and well-being into a single concept. Kevin Bendlin, CEO de Civis, en la presentación del proyecto CIVIS XI Strategically located at the intersection of San Martín Avenue and Agustín Pío Barrios, in the heart of the exclusive Las Lomas neighborhood, CIVIS XI rises with 36 levels and 196 apartments, establishing itself as one of the tallest and most ambitious residential towers in the country. Its proximity—just 150 meters—to its sister tower, CIVIS X, culminates a master development plan that not only redefines the urban profile, but radically transforms the way people interact with the city. The design of CIVIS XI responds to a careful analysis of new housing dynamics. According to data collected by CIVIS, 80% of housing demand is concentrated among people aged 26 to 43, so the project offers a typological diversity that caters to both end consumers and investors. Units range from 30.75 m² studios designed for tourists and students, to 42.35 m² one-bedroom and 76.70 m² two-bedroom apartments geared toward young professionals, couples, or families in formation. As a unique option, three-bedroom duplexes of 133.50 m² are included, designed for those seeking an exclusive experience with an excellent price-performance ratio. The business model prioritizes livability and use value, placing the resident at the center of the equation. Investors, for their part, find a profitable proposition with solid real estate guarantees and prices 25% to 30% below the area average, without sacrificing quality. Quite the contrary: CIVIS XI aims to raise market standards through first-class amenities, meticulous architecture, and high-end finishes. The project incorporates more than 20 exclusive experiences within the building, including a spa with a massage room, a sex sauna, a barbershop, a hair salon, a jacuzzi, pet-friendly spaces with pet showers, a coworking space, a live studio for digital nomads and influencers, separate biopools for adults and children, a dedicated restaurant, a gym, a cinema, a business center, electric vehicle charging stations, and an electric bike-sharing system. All of this reflects a vision that seeks not only to adapt to current trends but also to create them. At a conceptual level, CIVIS XI is built according to the principles of wellness architecture, integrating biophilic design elements that enable a harmonious connection between the built environment and nature. The building will feature a 500 m² natural elevated park, featuring native vegetation that fosters biodiversity and generates its own microclimate, improving air quality and thermal comfort. This approach is complemented by cutting-edge home automation technology and a strong focus on green mobility and efficient resource management. One of the most significant advantages is that CIVIS XI will be built with the international EDGE certification, a sustainable building standard that significantly reduces the environmental impact both during the construction process and during subsequent occupancy. This not only translates into lower resource consumption but also greater economic efficiency for residents and investors. Visually, the building seeks to enhance the urban landscape, with facades designed to make an aesthetic contribution to the city. The iconic nature of the skyscraper will allow it to be recognized from multiple locations in Asunción, becoming a symbol of architectural avant-garde and commitment to the environment. Unit prices start at USD 56,000 for studio apartments, with self-financing options of up to 36 months, which include an initial down payment and the financed balance. The project brings together some of the industry's leading experts: the construction company Codas Vuyk, the inspection firm FiscaPro, Better's equipment, Networkers' technology, and Primitivo's landscaping. This synergy guarantees a project of excellence in every aspect. With more than 900 units sold and a track record of more than seven years, Civis has established itself as one of the most dynamic developers in the country. It projects investments of over $40 million in 2025, with five buildings under construction, five already delivered, and two in the final phase. This year also marks the beginning of its national expansion, with the first development outside of Asunción to be launched in the city of Encarnación, which combines cultural vitality, natural beauty, and urban innovation. CIVIS XI is not simply a building: it's a concrete vision of the urban future. A proposal that fuses design, sustainability, technology, and community to create a new way of living, one that responds to the challenges of the present while still dreaming of tomorrow. With this launch, Civis reaffirms its leadership as a transformative player in the evolution of our cities. For more information about CIVIS XI, you can fill out the following form and the developer will contact you.

  • Groundbreaking for Riviere, the First Luxury Residential Building at the Paraná Country Club.

    In an event marking a new chapter in the urban development of Alto Paraná, the groundbreaking ceremony was held today for the Riviere building, a luxury residential project to be built in the new commercial district of the Paraná Country Club, thus consolidating an urban vision that aims for a deeper integration of modern infrastructure, efficient residential living, and the natural environment. With an estimated construction duration of two years and six months, Riviere is scheduled for completion in July 2027. From its conceptual stage, the project was conceived as a response to the new housing demands of a public seeking to combine quality of life, contemporary design, functionality, and a strategic location within a safe and well-established environment. The building will be built on a 2,000-square-meter lot within the new extension of the Paraná Country Club commercial district, in an area that until now had not been used for residential purposes. This particular location gives Riviere a distinctive quality: the direct encounter between the Paraná River, one of the world's most powerful rivers, and an architectural structure that seeks to engage with its geography rather than impose itself upon it. This riverbank, which until recently was restricted access, is thus transformed into a new meeting point for nature, urban planning, and housing. Riviere will feature 30 residential units spread across four living levels, with a ground floor dedicated to communal areas. The typologies were carefully developed to meet different resident profiles. It includes penthouses measuring 295 m², three-bedroom apartments measuring 205 m² and 195 m², as well as two-bedroom units measuring 137 m², 117 m², and 147 m². The dimensions not only express spaciousness, but also a spatial optimization that seeks to generate versatile, comfortable interiors adaptable to diverse living styles. Each unit was designed with special attention to detail: en-suite bedrooms, spacious balconies with barbecue grills, a separate service area, a guest bathroom, fully equipped kitchens, and air-conditioned rooms. The apartments will be delivered semi-furnished, allowing owners immediate occupancy without sacrificing the ability to personalize their spaces. The interior design was not only conceived in terms of aesthetics, but also in terms of privacy, functionality, and efficient use of square footage. The result is a balance between design and livability, where comfort is reflected in practical choices: fluid circulation, natural lighting, cross ventilation, and an open relationship with the surrounding landscape. The building will also integrate an amenities infrastructure geared toward well-being and shared use, while maintaining low noise levels, controlled circulation, and private environments. These common spaces include an event hall, playroom, gym, massage and relaxation room, shared laundry facilities, a perimeter garden, a lobby with reception areas, a staff area, and spaces such as a whisky room and a wine cellar, conceived as extensions of the home for specific moments. Riviere is part of an urban master plan that expands the boundaries of the Paraná Country Club toward the river, creating a new residential center that seeks to redefine the relationship between residents and the river landscape. For the first time, the commercial area of the Country Club is physically connected to the Paraná Riverbank, creating a new pedestrian, commercial, and residential circulation circuit that opens up more diverse and integrated uses. Beyond the scenic value afforded by the river views, the project's location within the Paraná Country Club—considered one of the most exclusive urban developments in the country—provides immediate access to commercial, educational, social, and entertainment infrastructure. This position reinforces Riviere's position as a project aimed at a demanding audience, who value quality construction and easy access to essential services. Riviere offers self-financing options in 30- and 60-month terms. This payment option aims to facilitate the integration of homeowners interested in a medium-term housing solution without compromising quality or location. Behind the project is Metrika, a developer founded in February 2021 by Carlos Jorge Gómez Núñez, Mauricio Segales, and Darío Arce, based in Asunción. The firm currently has three projects under development: Fronterra, in the final stages of partial delivery; Lofty, scheduled for delivery in July 2025; and now Riviere, whose construction begins this month. Although it is a young company, it has managed to quickly position itself thanks to its technical and strategic approach, based on alliances with established firms in the sector. Construction will be carried out by Constructora Gómez Núñez, a Paraguayan company with over 30 years of experience in the field. Its experience has been key to ensuring the project's technical viability, especially considering its location in an area with unique geographical conditions and the need to integrate the design with the natural environment. The architectural design was developed by EST Arquitectura, founded by architect Carlos A. Jiménez, with a track record spanning more than three decades and a portfolio exceeding 100,000 square meters. The studio has been recognized for its sensitive approach to the urban landscape and has received awards such as the "Windows to the Future of Architecture" award from the Center for Arts and Communications of the City of Buenos Aires, as well as the AIA magazine Lifetime Achievement Award. The architectural proposal, the technical support of its developers, and the urban planning that encompasses it make Riviere a significant initiative within the Ciudad del Este real estate landscape. Its development will undoubtedly be a project to watch in the coming years, not only for its residential value but also for its contribution to the orderly and sustainable growth of this region of the country. For more information, you can fill out the following form:

  • CASA M: The Luxury of Being Few is the True Luxury

    With only 20 apartments, CASA M prioritizes luxury and privacy to offer a unique development in Asuncion. Steps from Shopping del Sol on Narciso R. Colmán corner Herib Campos Cervera, Las Molas neighborhood, CASA M promises a sophisticated and high-quality living experience. The Casa M residential project has been meticulously designed to satisfy the most demanding tastes. It offers a variety of housing options, including apartments, single-family homes and duplexes, each built to the highest standards of quality and design. These properties stand out for their spacious, bright and elegant spaces, which offer a comfortable and welcoming environment for residents. AMENITIES One of the notable features of this project is its wide variety of amenities and services offered to residents. Among the amenities are green and recreational areas ideal for enjoying moments of relaxation and outdoor recreation. In addition, the development has a fully equipped gym and swimming pool, which allow residents to stay fit and active without leaving their home. Additionally, complimentary parking is provided to ensure convenience and accessibility for residents and features a power generator that provides 100% coverage throughout the building, ensuring residents are not affected by unexpected power outages. For wine lovers, the real estate development has a wine cellar, which offers an elegant and air-conditioned space to store and enjoy an exclusive selection of wines. AMERICA'S PROPERTY REWARDS The International Property Awards recognize the most outstanding architects and real estate developments in the world, who are evaluated by a jury made up of a panel of more than 100 experts in different disciplines from around the world and chaired by active members of the British Parliament. CASA M has obtained two recognitions from the International Property Awards: Best Apartment/Condominium for Paraguay with Casa M, Architecture Multiple Residence for Paraguay with Casa M, Residential Development 20+Units for Paraguay with Casa M. In both categories a score was 5 stars, a rating that is only given to projects that achieve excellence. EXPERIENCE AND QUALITY Jimenez Gaona y Lima, one of the main construction companies in Paraguay, and Casatua, with more than 30 years of experience in the development of real estate projects, came together to present this unique project. The JGL&Casatua Consortium prioritizes transparency and personal treatment to deserve the trust of its clients. CASA M is the first project of the Consortium, a strategic alliance that is here to stay. MY SENSE HOUSE Casa M has chosen Sentido for the interior design of the common areas. Sentido offers a unique selection that combines decoration, accessories, objects and art and everything that makes up a lifestyle with a lot of personality. A specific curation for Casa M that includes indoor and outdoor furniture, objects, books and details for each space of Casa M. To learn more about this real estate development and explore the available options, interested parties can fill out the following form:

  • Palmanova Pacheco: The New Icon in Recoleta that Revolutionizes Architecture in Asunción

    Last September 11th, at Talleryand Costanera, an event took place that will mark a before and after in the real estate scene in Asunción: the official launch of the Palmanova Pacheco. This project, developed by the renowned Palmanova Group of Katuete SRL, is presented as a masterpiece of contemporary architecture, which fuses the traditional essence of the Recoleta neighborhood with modernity and the most avant-garde luxury. Palmanova Pacheco stands as an icon of urban transformation, with a disruptive design that breaks with convention to offer a unique living experience. This building is not just a structure; it is a symbol of a new Asunción, where elegance meets functionality, and luxury meets accessibility. From its exclusive amenities, which include a celestial observatory for astronomy lovers, to its interiors with high-end finishes, every aspect of Palmanova Pacheco has been carefully designed to redefine the concept of luxury living. Emmanuel Brítez - General Manager of Palmanova Strategically located on Pacheco Street, on the corner with Teniente Zotti, Palmanova Pacheco is in the heart of Recoleta, one of the most sought-after areas of the city. This neighborhood, often confused with Villamorra due to the proximity of the Villamorra Shopping Center, has become a nerve center of the capital. Just five blocks from the Mariscal Shopping Center, the building is perfectly located to offer its residents a comfortable and connected urban life, with easy access to shopping centers, restaurants and other services. Palmanova Pacheco has been designed to meet the needs of a diverse public, from young couples who are purchasing their first apartment, to families looking for a spacious and comfortable home. The apartments, ranging from 55 to 150 square meters, come in three types: 1 bedroom, 2 bedrooms and 3 bedrooms, all with spacious and carefully distributed spaces. The 2 and 3 bedroom units, in particular, stand out for their secondary bedrooms that are large enough to accommodate two beds. The building will have two entire floors dedicated exclusively to top-level amenities. On the fourth floor, there will be a 276 m2 gym, equipped with gendered changing rooms and a sauna, along with a 120-meter running track for those who enjoy jogging at altitude. In addition, a coworking space, a kids room for the little ones and three office rooms will be included for those who need a quiet space to work. The terrace, meanwhile, will be an oasis of relaxation with an infinity pool offering panoramic views of the city, a large deck for sunbathing, a fun space with a pool table, two heated barbecue areas ideal for social gatherings, a green garden to relax surrounded by nature, and a starlight corner equipped with a telescope for stargazing. The development, construction, administration and marketing of Palmanova Pacheco are the responsibility of Katuete SRL, a company founded in 1998 that has evolved under the leadership of Adrián Soria, current General Manager and partner of the firm. With more than 35 years of experience in the sector, Katuete SRL has migrated from horizontal to vertical real estate development, positioning itself as a benchmark in the construction of high-rise buildings in Asunción. Palmanova Las Mercedes, the firm's first building, was a resounding success, and now, with the launch of Palmanova Pacheco, the company consolidates its position in the market with its third building and second project in the Recoleta area. One of the highlights of Palmanova Pacheco is its architectural design, led by Jasper Architects, an international firm with offices in Buenos Aires, Berlin and Asunción. Founded by Martin Jasper in 2008, Jasper Architects is renowned for its innovative and disruptive approach to architecture, using meticulous research into site conditions, social and urban history, and programmatic and functional objectives to arrive at design solutions that propose new interpretations of the context. With over 428,000 m2 projected and 167,000 m2 built, the firm has left its mark on the international architectural scene, and Palmanova Pacheco is a clear example of its ability to innovate. The building, with its structure of three superimposed blocks and green terraces, is not only aesthetically impressive, but is also sustainable, with an extensive implementation of vertical gardens and green spaces that fill the urban environment with life. In addition, the use of alucobond, a reflective material, allows the building to change colour depending on the time of day, making it a visual landmark in the city. In a real estate market where there is a wide range of options, identifying the right product is crucial to ensure a good investment. Palmanova Pacheco is positioned as a safe option thanks to its high construction quality and focus on durability. In addition, the project has a unique guarantee policy on the market, which guarantees 100% of the money invested in a unit, providing peace of mind to buyers. With a launch price of $1,500 per square metre, Palmanova Pacheco offers excellent value for money in a prime location. Prices will be adjusted by 10% every six months until completion of the project, scheduled for May 2027, with construction scheduled to begin in November this year. This launch represents a unique opportunity for those looking to invest in an innovative, high-quality project in one of the most strategic areas of the city. The launch of the Palmanova Pacheco Building not only marks a milestone in the evolution of architecture in Asunción, but also represents a unique opportunity to live in a space that combines tradition and modernity, luxury and accessibility, in the heart of Recoleta. With its innovative design, top-level amenities and strategic location, Palmanova Pacheco is destined to become an icon of the city, redefining what it means to live in luxury in the 21st century. For more information about the Palmanova Pacheco Building and all the opportunities it offers, you can fill out the following form:

  • Is There Real Estate Oversupply in Asunción?

    Although some reports warn of a possible saturation of the real estate market in Asunción, a closer look reveals that the sector is not facing an oversupply crisis, but rather a maturing process, where the key lies not in the number of units, but in the quality of the offerings and their ability to respond to new ways of inhabiting the city. In December 2024, Forbes Paraguay published an article titled "Risk of Real Estate Oversupply: Developers Could Halt Investments ," which warns of a potential oversupply of new units in the Asunción market and warns that this situation could discourage new investment in the sector. According to data cited in the article, 289 buildings are expected to be delivered in the next three years, which, according to some analysts, could lead to market saturation and a decrease in profitability. While it's true that any dynamic market requires attention to the balance between supply and demand, proposing a vision of imminent widespread oversupply is, in our opinion, a partial and incomplete interpretation of the current real estate situation in Asunción. The local context, the characteristics of demand, changes in consumer lifestyles, and Paraguay's positioning on the regional and global stage show that the market is far from being in a state of structural crisis. Rather than a risk of uncontrolled oversupply, what we face is a process of maturation and sophistication, where solid, well-located, and well-thought-out projects will continue to find demand, while a lack of differentiation could penalize some developments less suited to new demands. Below, we share a different perspective on the current state of the real estate market in Asunción. Understanding “oversupply” requires analyzing quality, not just quantity When talking about the risk of oversupply in the real estate market, a basic mistake is often made: assuming that all new units compete equally. However, in more mature markets—and Asunción is on its way to becoming one of them—not all products are equal, nor does all new supply have the same impact. The number of buildings under construction or close to delivery does not, in itself, reflect the true dynamics of demand. There is a natural market segmentation: a premium building in a strategic location is not the same as a generic development in an area with poor connectivity or no services. Nor is a unit designed for investors seeking immediate income the same as one designed for young end-users who prioritize amenities, location, and quality of life. A concrete example of how a project can add many units without saturating the traditional market is Marena , a real estate development that incorporates, in the heart of the city, a large crystalline lagoon as the central axis of its proposal. Marena doesn't simply offer apartments: it offers a completely different concept of living. The project doesn't compete directly with the traditional offering of standard apartments in Asunción because it appeals to different aspirations, different lifestyles, and, consequently, different types of demand. The fact that it incorporates many units doesn't mean it increases the oversupply in traditional segments; it means it creates a new micro-segment, with a product that didn't previously exist on the market. Talking about oversupply in absolute terms ignores this type of innovation. Many new developments don't overwhelm existing offerings, but rather expand the available options, responding to needs and desires that until then had been underserved. Therefore, the challenge for developers is not to indiscriminately curb investment, but to invest intelligently: thoroughly understanding new consumer habits, the priorities of today's customers, and the real value of each location in an urban context that is also evolving. We already experienced this debate: the déjà vu of 2016 This concern about a supposed oversupply of real estate in Asunción is nothing new. Personally, I'm clearly experiencing déjà vu. In 2016, when new corporate office buildings began to be delivered in the city, a very similar alarm arose in the market. At the time, many argued that Asunción would face a structural oversupply of corporate space, which would severely impact investor returns. In December 2016, I wrote an article titled "Is There an Oversupply of Corporate Offices in Asunción?" , which analyzed this issue in depth. My conclusion was clear: we weren't facing a generalized crisis, but rather a process of change and professionalization of the market. In fact, as time has shown, far from collapsing, the office market has evolved positively: new high-demand areas have emerged, the quality standards demanded by users have increased, the supply has become more professional, and Asunción has strengthened its position as a competitive regional location for corporate headquarters. Today, almost a decade later, we see that those predictions of massive saturation not only failed to materialize, but the city actually strengthened its business and real estate ecosystem. The market did not disappear: it transformed and raised its level. This background teaches us something fundamental: real estate markets are not static. They adapt, evolve, and naturally filter out projects that best understand and respond to changes in demand. A simplistic interpretation based solely on absolute numbers of new units ignores the market's true absorption capacity and its tendency to correct itself through quality, innovation, and professionalization. Urban densification as a response to the traffic challenge in Asunción In 2019, I published an article titled "The New Luxury of Working in a Well-Located Place in Asunción," where I analyzed how the strategic location of workspaces was becoming a determining factor in citizens' quality of life. Growing traffic congestion and the lack of efficient public transportation alternatives were transforming proximity to the workplace into a true luxury. Asunción faces a structural challenge: its low urban density compared to other South American capitals. This dispersion forces citizens to travel long distances daily, increasing car use and, consequently, the pressure on urban traffic. According to official data collected in the 2022 Paraguayan census, Asunción has approximately 462,000 inhabitants, while its metropolitan area exceeds 2.3 million people, accounting for nearly 70% of the national GDP. The solution lies not in halting real estate development, but in promoting smart densification that allows more people to live close to their workplaces, schools, and essential services. Well-located and comprehensively designed projects can significantly contribute to reducing car dependence, improving urban mobility, and, consequently, improving citizens' quality of life. We are convinced that all developments close to the centers where people work will continue to enjoy sustained demand. It's not simply about convenience; it's about quality of life. Shortening commute times, reducing traffic stress, and gaining more time for family, leisure, and rest has a direct impact on people's well-being. This trend, which has already been consolidated in major cities around the world, will also become more established in Asunción as we evolve toward a more integrated and efficient urban model. New lifestyles and emerging demand The demand for real estate in Asunción, as in many other cities around the world, is changing rapidly. It's no longer just about acquiring a property as a basic need or a traditional investment: people are increasingly looking for projects that offer them a lifestyle. Today, buyers and users value aspects that just a few years ago weren't central to their decision-making: proximity to work, amenities that improve daily quality of life, efficient spatial design, security, connectivity, and access to services without having to travel long distances. The concept of "strategic location" is no longer a luxury reserved for a select few: it's a real necessity that defines the perceived value of a property. In this sense, many of the new developments in Asunción are not competing simply on quantity, but on value proposition. Projects like Marena , which integrate nature, first-class amenities, and a prime location, aren't fighting for a place in a market saturated with homogeneous offerings; they're responding to an emerging demand for better living. Furthermore, generational change is accelerating this transformation. New generations—millennials and centennials—prioritize time, experience, and well-being over simply owning square footage. They prefer to live in more functional and better-located spaces, with access to services and activities that fit into their lifestyles. In this context, demand does not disappear: it is redefined. And projects that understand this change will not only avoid the impact of a supposed oversupply, but will also be better able to capture and retain these new consumers. Viewing the market solely from the projected number of units is a mistake. What defines the true dynamics of the market is not how many units exist, but how many genuinely respond to users' new needs and expectations. The market is not facing a collapse, it is facing a maturation The current dynamics of the real estate market in Asunción should not be interpreted as the beginning of a crisis, but rather as a sign of maturity. When a market evolves, it does so with increasing demands: better locations, better design, and better living experiences. It's no longer enough to simply build square footage: we must create real value for the end user. This will also be highly valued by investors, who represent a large portion of the market, who will rent or resell to those end users. The eventual "natural selection" of projects is not a sign of collapse, but rather an inevitable and healthy step toward a more competitive, more professional, and more responsive market. Projects that fail to understand new consumer behaviors, that fail to add real value, or that are not strategically located will likely face greater challenges. But those that correctly interpret the moment—and focus on quality, location, and lifestyle—will continue to find sustained and solid demand. Therefore, rather than fearing a supposed oversupply, we must focus on promoting developments that improve the city, optimize the use of urban land, bring people closer to their workplaces, improve the quality of life, and contribute to building a more efficient, connected, and livable Asunción. We're not facing a saturated market; we're facing a market that's learning to make better choices. And that, far from being a threat, is a huge opportunity. The real risk isn't building too much. It's building without purpose. If you're interested in learning more about Marena and exploring this new way of living in Asunción, please fill out the form and a representative from the developer will contact you.

  • Aristone: A New Residential Concept That Drives the Transformation of Fernando de la Mora Sur

    At the intersection of Pitiantuta Avenue and San José Avenue, in the Santa Catalina neighborhood of Fernando de la Mora, a project is beginning to take shape that promises to redefine the area's urban and residential landscape. Aristone is a residential and commercial project that fuses functionality, design, and community. It was developed by Manad with a clear vision: to offer quality housing solutions in urban areas with high population density but limited modern housing infrastructure. Unlike other real estate developments, Fernando de la Mora Sur represents a real opportunity. Although it is only a few blocks from the northern zone, commuting times between the two can be significant. Therefore, Aristone was created as an urban and strategic solution for people who want to continue living in their neighborhood, close to their workplace, without sacrificing comfort, design, and quality construction. The chosen site is just seven kilometers from the Mariscal Shopping Center and steps from the Stock 24-hour supermarket, in an area undergoing rapid transformation. Along Pitiantuta Avenue, which connects directly to Route PY02, a growing number of new businesses are settling in, and shopping malls are beginning to energize the neighborhood's daily life. This corner, considered key by the developers, was chosen to initiate an urban development project that anticipates the area's sustained growth. Aristone was conceived from the outset as a mixed-use project, the first of its kind in the area. The ground floor will include a commercial space, understanding that true urban development cannot be without local amenities and pedestrian traffic. The upper levels house the residential units, designed with a carefully considered logic that prioritizes the use of space, functionality, and resident well-being. The building was designed by architect Andrés Law, renowned for his approach to rational and efficient architecture, who, together with the Manad team, worked under a specific mandate: to ensure that every square meter adds value without unnecessarily increasing the cost of the final product. The objective was clear from the outset: that the building be visually attractive, functional, well-equipped, and affordable, demonstrating that design and affordability are not opposites. Aristone's housing proposal includes studios, one- and two-bedroom units, as well as flexible options that can be adapted to accommodate a third bedroom. All apartments include balconies, designed to be enjoyable. The high ceilings and spaciousness of the rooms reinforce the feeling of comfort and quality of life, while the common spaces were designed as places of encounter, stimulation, and belonging. One of the project's hallmarks is the artistic intervention in common areas, a conceptual decision that seeks to make residents feel part of a broader proposal that goes beyond mere housing. The intention is for the shared spaces to become enjoyable places, where neighbors feel proud to receive visitors, relax, or share everyday moments. Aristone is also the first building in the area with complete amenities aligned with the needs of a contemporary lifestyle. It will feature a pool, an outdoor gym, a yoga and relaxation area, a children's playroom, a playroom, and two themed barbecue areas located on the top floor. One will be equipped as a multipurpose room and coworking space, while the other will be set up as a sports bar, designed for social gatherings, soccer games, or celebrations with friends. In addition, a fire pit area and a tereré break space reinforce the building's community spirit. Through these spaces, the project seeks to offer experiences that are unusual in residential offerings aimed at this market segment. Aristone is positioned as an attractive option due to both its location and competitive price. Prices start at $37,032, representing a price-performance ratio that's hard to find in today's market, especially considering the architectural design, the quality of the amenities, and the rising value of the area. Germán Urteaga, director de Suma Real Estate, y Dahiana Diarte, directora de C21 Prestigio Financing plans include flexible options, with down payments, additional installments, and up to 24 installments, in addition to agreements with Banco Continental. Construction is scheduled to begin in September of this year and will last an estimated 24 months. Manad, the developer behind the project, is a partnership formed by Germán Urteaga, director of Suma Real Estate, and Dahiana Diarte, director of C21 Prestigio, backed by an investment group committed to differentiation. With a focus on product design and a deep understanding of the market, Manad aims to develop well-thought-out proposals aimed at specific segments and with a clear conceptual value. Its work philosophy is based on the premise that not every market requires the same square footage, and that there is room for products with identity, functionality, and purpose. With Aristone, Manad is not just launching a building, but rather proposing an urban vision that seeks to revitalize Fernando de la Mora Sur, combining commercial development, affordable housing, and architectural quality in a single project. Ultimately, this is a structural contribution to an expanding city that needs new habitable central areas to sustain its growth. If you'd like to receive more information, please complete the following form and a developer representative will contact you:

  • Overlooking the River and Golf Course: Premier Yacht Construction Begins in Lambaré

    On Tuesday, June 3, the groundbreaking ceremony took place for Premier Yacht, a new residential development that seeks to redefine high-rise living within the exclusive setting of the Lambaré Yacht and Golf Club. Conceived with an architecture inspired by the fluidity of water and its balance with nature, this project marks the debut in Paraguay of the Argentine construction company BigSleepy Construcciones, in partnership with the local developer SIMPLE Desarrollos Inmobiliarios. Located at the corner of Avda. del Yacht and Profesor Manuel González, the Premier Yacht building presents itself as a unique proposal for those seeking a green living experience, with privileged views of the Paraguay River, the golf course, and an established residential setting. More than just a complex of apartments, the project was conceived with the intention of transforming the experience of a single-family home into a vertical format, focusing on an architecture that prioritizes spaciousness, natural light, and a direct connection with the surroundings. The Yacht Zone, one of the most developed urban centers in Lambaré, offers a complete ecosystem for sophisticated living. The Paraguayan Yacht and Golf Club—currently managed by Marriott International—contains tennis and golf courses, renovated restaurants, top-notch schools like SEK, 24-hour supermarkets, and immediate access to the Costanera Sur, connecting residents to Asunción in just minutes. In addition, future initiatives such as the Lambaré Health Park will provide a new green space just a short distance from the building. The design, by Argentine architect Walter Loscocco, is characterized by curved lines and a formal language that breaks with the traditional schemes of the local market. The structure blends into the landscape with a footprint that occupies only 35% to 40% of the site, leaving more than 60% of the property dedicated to green areas and outdoor amenities. The project includes units distributed between the first and tenth floors. From the second to the tenth, four typologies are repeated: two facing the front (A and B) with direct river views and three bedrooms, and two facing the rear (C and D) with side balconies, two bedrooms, and views of the golf course or the wooded surroundings of Lambaré. The two-bedroom units are 140 m², while the three-bedroom units are 170 m². The first floor, meanwhile, will feature larger terraces and an even more generous floor area. As for common areas, Premier Yacht will include a ground-floor pool, a gym, a multipurpose room for more than 80 people, children's playgrounds, walkways, pergolas, and—as a star amenity—a nine-hole mini-golf course located on the terrace, combining recreation with cutting-edge landscaping. Beyond aesthetics and technical specifications, the project follows a clear philosophy: experiencing the space. According to the architect himself, "a home must be lived and felt." This concept permeates every design choice: from the large openings to capture natural light to the interior layout of the spaces, designed to provide the comfort and privacy that characterize a home, now in a higher-rise. With this groundbreaking, the commercial launch of the project is official, and some pre-sales have already been completed. Interested parties can currently access financing plans with a 20% down payment and interest-free installments during construction. Bank financing is also available in the future with the construction period is expected to be 26 months. Premier Yacht is the result of a collaboration between SIMPLE Desarrollos Inmobiliarios, a Paraguayan developer with a track record in horizontal housing and participation in various projects, and BigSleepy Construcciones, an Argentine firm with more than three decades of experience in civil and industrial works. This partnership reflects a synergy between local market knowledge and an internationally consolidated construction vision. SIMPLE Desarrollos Inmobiliarios, founded in 2016, not only develops its own projects but also manages third-party properties and participates in financial instruments linked to the real estate sector. Its objective is clear: to create high-quality products with a long-term vision that generate attractive returns and respect the environment. BigSleepy Construcciones, led by architect Walter Loscocco, has built more than ten buildings in Buenos Aires, characterized by its commitment to quality, functionality, and innovation. With Premier Yacht, it takes its first step in Paraguay, in what it plans to expand regionally and also includes developments in the United States. The development of Premier Yacht comes at a time when Lambaré is consolidating its identity as a vibrant city, attractive for new developments and boasting a rapidly expanding urban infrastructure. The combination of nature, connectivity, services, and architectural quality positions this project as a distinct offering in the Paraguayan real estate market, with the potential to set a new standard in the area. Premier Yacht is not just an apartment tower: it's a statement of principles about how the city of the future can be inhabited, without sacrificing greenery, quality of life, or connection with nature. A new way of living in Lambaré is already underway. For more information, please complete the following form and the developer will contact you:

  • RIZ Developments Begins Construction of PORTA 03: A Project That Focuses on a Modern Lifestyle

    On Friday, May 30, RIZ Desarrollos Inmobiliarios held the groundbreaking ceremony for PORTA 03, its third project in the PORTA residential development line. The event took place on the development's own property, located on Las Mercedes Street near Santa Margarita, in the Campo Grande neighborhood of Luque, and was attended by executives, strategic partners, and collaborators of the firm. With this new launch, the developer reaffirms its presence in an expanding area, which combines proximity to Asunción's main urban corridors with access to essential services for daily life. The location of PORTA 03 responds to a positioning strategy that seeks to capitalize on Luque's sustained growth as a natural extension of Asunción's corporate center. The project is located just three minutes from the International Tennis Club (CIT) and eight minutes from the corporate center, home to a significant number of offices, banks, and shopping centers. Furthermore, its immediate surroundings feature pharmacies, supermarkets, educational institutions, financial institutions, and social clubs, making it a highly attractive location for both permanent residents and investors interested in rental properties. PORTA 03 is conceived under the motto "Your gateway to the modern lifestyle" and targets a young, professional, urban audience seeking compact, well-located, and functional housing solutions without compromising quality or design. The building will feature 70 apartments spread over seven levels, organized into three main types: 30 m² studio apartments, 38 m² one-bedroom apartments, and 41 m² one-bedroom apartments, with prices starting at USD 34,440. The architectural design of PORTA 03 prioritizes interior functionality and the integration of common spaces. Particularly noteworthy are the amenities, conceived as an extension of the contemporary lifestyle. These include a pool with a sundeck and panoramic views of the cities of Luque and Asunción, a heated barbecue area, a coworking space, a gym, and a laundry area. These spaces were specifically designed to meet the needs of today's urban user, with an emphasis on visual spaciousness, efficient circulation, and the connection between the private and communal spaces. The project will be developed by BCN Construcciones, a Barcelona Group company with over 13 years of experience in residential and commercial projects in the Paraguayan market. Technical supervision will be carried out by Gabinete Técnico (Gabitec), a firm that has also overseen previous RIZ projects, ensuring quality standards and schedule compliance. "With PORTA 03, we continue to consolidate our offering: safe, modern real estate products with attractive profitability for our clients, while meeting delivery times, quality, and after-sales service, just like previous projects," said Hugo Ríos, director of RIZ. RIZ offers various financing plans, including zero-down payment options and fixed installments, allowing early project entry. A standard plan with a 20% down payment and installment payments during construction is also available, as well as a direct financing plan for up to 10 years. The developer also maintains strategic partnerships with banks for those who prefer access through traditional mortgage loans. The choice of this format is due to the strong performance of PORTA 01 and PORTA 02, where RIZ not only recorded high occupancy but also a high level of repurchase in PORTA 03. This continued public confidence is partly explained by the company's comprehensive approach, which not only develops and builds, but also supports investors throughout the asset's entire lifecycle. In this sense, RIZ has two complementary business units. The first is Zilo, its property management company, responsible for managing rentals, ensuring expected profitability, operating the building, and optimizing expenses. This structure allows investors to offer a turnkey product, eliminating management friction and facilitating a sustained return. The second unit is the in-house furniture division, which designs and fully equips the apartments according to the project's original renderings. This division offers different packages, from basic equipment for Airbnb-type operations to more comprehensive proposals for long-term residential use. RIZ's philosophy is based on offering products that integrate functional design, modern services, affordable financial solutions, and professional after-sales service. This combination has allowed it to consolidate a solid offering within the compact housing segment, a niche that continues to gain prominence in Paraguay's urban context. The firm plans to continue its expansion with new projects that replicate this model in high-growth areas, focusing on an orderly, accessible urban development adapted to changes in the way we live and consume in the city. Complete the form to receive more information about PORTA 03 and the developer will contact you:

  • Why Isn't My House Selling? The Anatomy of a Failed Sale

    When a property remains on the market for months without any specific transactions being closed, the most common diagnosis is usually a superficial one: "the market is slow." However, this statement, although partly true, does not alone explain why some similar properties sell and others do not. The reality is that behind every stalled transaction is a combination of factors operating simultaneously—economic, psychological, technical, and strategic—that often go unnoticed by the owners. Below, we break down, one by one, the most common reasons why a home fails to sell in Paraguay today. This isn't meant to simplify, but rather to show the real complexity of a decision involving money, emotions, and lost opportunities. 1. The Price: Between Affective Memory and Market Reality In Paraguay, as in many emerging markets, the average homeowner sets their home price subjectively. They calculate how much it cost to build, how much they invested in expansions, how much they "think" their neighborhood is worth, and often, how much they would like to receive to buy something else. But the market doesn't pay for memories or expectations. It pays for perceived and comparative value. In a context of low mortgage penetration and reduced liquidity—especially for mid- to high-priced properties—listings that fall outside the market simply don't generate interest or traffic. They become invisible, even if they are active on the most relevant portals. 2. The Strategic Error of the Entry Price A less visible—but equally damaging—mistake is what's known as "miscalibrated entry pricing ." That is, entering the market with a high price with the intention of "negotiating later." This common practice often backfires. In today's digital environment, where searches are filtered by price range, square footage, and area, an overpriced home not only receives fewer clicks, but is often excluded from searches altogether. And by the time its price finally drops, it has already lost traction and trust. The market has a memory: a property that has been listed for 120 days without any activity is marked as "problem" or "last option," even if it is later adjusted correctly. 3. Aesthetics: When Photos Don't Sell The first visit today doesn't happen at the property, but on a cell phone. And if the photos don't convey clarity, order, and warmth, the potential buyer won't move on to the next step. In the digital environment, the image doesn't just accompany the product: it is the product, at least in that first split second when it's decided whether it's worth digging deeper. Often, homeowners don't invest in professional photography because they believe it "doesn't make a difference." But the data tells us otherwise. According to the National Association of Realtors (NAR), 87% of buyers find photos the most useful resource when evaluating properties online. And a PhotoUp study showed that listings with professional photography receive up to 61% more views than those with low-quality images. In the mid-to-high-end segment, where prices hover around USD 200,000 or more, not using professional photos is like posting a premium car without washing it. Not only does it detract from its value, but it also conveys sloppiness and neglect. Added to that, the lack of ambiance (staging), empty rooms or outdated decor create an emotional disconnect : the house does not project the lifestyle the buyer is seeking to achieve. 4. Land, Typology and Functional Obsolescence Many homes built 15, 20, or even 30 years ago were designed with a spatial logic that no longer fits contemporary living styles. Large social areas—such as formal living rooms and separate dining rooms—were prioritized, while bedrooms were left behind in terms of surface area and functionality. Bathrooms were often small, with poor ventilation and no storage space. Walk-in closets, if they existed, were minimal or reserved exclusively for the master suite. Kitchens were generally closed, conceived as service areas with no integration with the rest of the house. The idea of versatile spaces, such as a desk or home work area, was practically nonexistent. Garages also followed another paradigm: they were designed for smaller vehicles, without taking into account the growth of the vehicle fleet or the simultaneous use of multiple vehicles by the same family. Furthermore, structural design used to be fragmented into multiple levels—stairs, slopes, mezzanines—which today are difficult to access or adapt to new family dynamics, especially when older adults or young children are present. In technical terms, this translates into functional obsolescence: not because the property is deteriorating, but because it no longer meets current usage expectations efficiently or comfortably. Habits have changed: today we seek integration, natural light, cross-ventilation, connected spaces, usable surfaces, and a fluid everyday experience. 5. Location: Is Your Neighborhood What It Used To Be? In the seller's mind, the neighborhood often retains the prestige it had 10 or 20 years ago. But the market is changing. Neighborhoods that were once considered "well-located" may now be overcrowded, poorly connected, unsafe, or have aging infrastructure. Furthermore, new, expanding areas can offer more modern, better-connected alternatives, lower prices per square meter, and greater potential. Competition shifted, and the owner didn't always realize it. 6. Sales Strategy: Who's Telling the Story? A key point: selling a property isn't about listing it. It's about building a strategic narrative around it. What you communicate, how you present it, why it's relevant to that specific buyer profile. Is it designed for a family? An investor? An expat? Everyone is looking for something different, and the message must be tailored. Many properties don't sell simply because they're poorly positioned in the market. And that's a strategic error, not a product error. 7. The Human Factor: Are You Really Prepared to Sell? There is something that no advisor, architect, or appraiser can solve without starting with the owner: the emotional willingness to close a cycle. Many sales fail because, deep down, the owner doesn't want to sell yet, or isn't ready to let go of that part. This manifests itself in subtle ways: Not responding in time Reject reasonable offers Cancel visits at the last minute Demanding excessive conditions The emotionality of selling is real. A house isn't just a possession: it's a symbol, a memory archive, an extension of the self. And a cycle doesn't just close. 8. Wrong Channel: When the Problem Isn't the House, But Who's Telling It Not all properties sell equally, and not all channels are suitable for all types of properties. Selling a USD 300,000 family home is not the same as marketing a USD 65,000 investment unit. Each property requires a tailored strategy, its own language, and a specific audience. Listing a home on the wrong channel can result in many views... but no calls. If the portal or platform doesn't reach the right buyer profile, visibility becomes noise. The same thing happens when a mid- or high-end property is advertised without a narrative or aesthetic: it loses appeal before it's even considered. Who represents you also plays a role. A real estate agency specializing in volume won't necessarily know how to market a property with outstanding architecture or unique attributes. And an agent who lacks time or motivation won't adequately defend the property's value. A good house that's poorly presented, poorly advertised, or poorly advised is unlikely to sell. Because in today's market, it's not enough to be visible: you have to be well positioned. And for that, the channel matters as much as the product. Your house not selling isn't a punishment from the market. It's often a mirror that reflects all the inconsistencies in the offer: a price that doesn't reflect the real value, a sloppy presentation, a poorly defined strategy, or an unconscious intention to not close the cycle yet. The real estate market doesn't punish: it responds. And if it doesn't respond, you have to read it more intelligently. Selling well isn't about luck; it's about preparation. And above all, it's about being honest with yourself.

  • HQ Asunción: Flexible, Ready-to-Use Offices on Artigas Avenue

    HQ is establishing itself in Asunción with an office model that breaks with traditional norms, offering turnkey solutions for a market increasingly oriented toward flexibility, efficiency, and scalability. HQ's entry into the Paraguayan market represents much more than the arrival of an international coworking brand. It represents a structural shift in the way we think about workspace, aligned with global trends in flexibility, operational efficiency, and professionalism. This proposal, backed by the experience of IWG—the leading British group in office solutions with more than 4,000 locations in 120 countries—is being established in the Automotor Center Building in Asunción, partnered with Automotor and Steromar , and operated locally by Steromar, a firm with a track record in the management and development of corporate spaces. Martín Silva, CEO South America IWG PLC The Automotor Center Corporate Building, located on Avenida Artigas, was the chosen location for this first HQ headquarters in Paraguay. This is no small choice: the building was a pioneer in consolidating a new corporate hub in the city, anticipating the real estate development that is now beginning to take shape in this area, with projects such as GoTower, Distrito Perseverancia, and growing public and private investment. Since its opening in 2020, the Automotor Center has housed technology companies, professional studios, and institutions that value its strategic location, just 10 minutes from Asunción's main neighborhoods and with direct access to the Costanera. The incorporation of HQ complements this ecosystem with an innovative proposal, designed to respond to the new dynamics of hybrid work and the needs of an increasingly demanding market. HQ offices are designed as turnkey solutions. In contrast to the traditional office rental format—which involves long-term contracts, high warranties, renovation work, furniture acquisition, and ongoing operational management—this model offers a comprehensive service, with fully equipped infrastructure, flexible contracts, and zero initial investment. Everything is set up so companies can simply arrive, settle in, and begin operating without wasting time or resources on logistical issues. The approach aims to facilitate the start-up of medium-sized companies, many of them international, seeking efficiency, scalability, and professionalism from day one. The spaces offered include 30 private offices ranging in size from 8 to 50 m², with capacities from 2 to 12 workstations. Currently, 600 m² are available, which can be adapted to the needs of expanding companies or those with distributed teams. The cost of an office starts at approximately USD 179 per month, with prices varying depending on the location within the building, brightness, privacy, or panoramic views. All contracts are flexible and tailored to the client's needs, with options from one month to longer periods, ideal for companies in transition or in the market testing phase. Offices can be rented individually or in combination, allowing a single company to occupy several adjacent units if it needs to scale quickly. This modularity makes it easier for companies to start with a small footprint and, as they add staff or consolidate operations, expand their presence within the same space without complications. In addition to the physical space, HQ offers associated services that reinforce its value proposition. High-speed internet access, the use of fully equipped meeting rooms, printing options, and cafeteria services are part of the all-inclusive package, along with electronic access control and on-site parking. The attention to detail, quality furnishings, air conditioning, and panoramic views from the rooftop dining area enhance the daily experience of those who choose this location as their workplace. A key element of this proposal is virtual offices, which allow foreign companies to have a valid fiscal address in Paraguay, receive correspondence, and complete all the legal procedures necessary for incorporating a company without having to rent a physical space from the outset. This solution, particularly useful in the early stages of expansion, has attracted interest from several sectors, including the real estate sector, which often requires space for small teams during market exploration or operational setup phases. HQ also adapts perfectly to new forms of work organization. As the hybrid model—combining physical presence with remote work—becomes established, companies are increasingly considering the possibility of decentralizing their operations and bringing workspaces closer to the areas where their employees live. This structural change in corporate culture favors the emergence of alternative business hubs to the traditional financial center, and the Artigas corridor is emerging as one of the areas with the greatest potential for this type of development. With this opening, Asunción not only adds a new international brand to its corporate ecosystem, but also takes a step forward in consolidating more flexible, accessible office models that are prepared for today's challenges. HQ offers an environment where infrastructure is no longer a concern, and companies can focus on what truly matters: developing their businesses, growing, connecting with new markets, and generating value from day one. For more information, please contact Architect Paola Arias, Steromar's commercial manager, at +595 984 645877 or visit the website www.steromar.com.py .

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