A market that is leaving behind its emerging status and moving towards a cycle where competition, design, execution, and conceptual clarity determine which projects become established in a more informed, professional, and demanding environment than in previous years. The Paraguayan real estate market enters 2026 with a series of transformations that had already been developing, but which this year are finally consolidating into a structural change. Increased demand, the professionalization of stakeholders, geographic diversification, and pressure on costs and prices are creating a more competitive landscape, where project quality and conceptual clarity matter more than ever. Price per square meter on the rise in Asunción The upward trend in prices per square meter in Asunción will likely continue through 2026. Rising land costs in high-demand areas, inflation in construction materials, the gradual increase in labor costs, and the professionalization of construction companies are all driving sales prices upward. This is further compounded by a natural market maturation cycle: Asunción is no longer an emerging market where prices were artificially suppressed, but rather a market that is slowly beginning to align itself with regional capitals. However, the buyer of 2026 will no longer accept just any price in any location. The market is becoming more selective and more informed. Projects with poor urban integration, low-quality amenities, repetitive building types, or unclear concepts are beginning to face resistance in the pre-sale phase. Conversely, projects with good locations, solid design, usable amenities, and established developers are maintaining, and in some cases improving, their value per square meter. This opens up an increasingly evident scenario of "two Asunciones": on the one hand, the city that pays the price of its consolidation, Villa Morra, Carmelitas, Recoleta, Trinidad, Las Lomas, where the revaluation is sustained; and on the other, sectors where the supply has multiplied without a differentiating concept and where pre-sales begin to depend on discounts, aggressive promotions, extended payment plans or temporary benefits. The most important consequence is that 2026 may be the year in which the difference between the asking price and the final closing price becomes most apparent. Projects with a sound product strategy, a good understanding of the user, and a strategic location will maintain their value. Those without will have to readjust their expectations. For investors and buyers, the message is clear: the price is no longer determined solely by the neighborhood, but by the overall coherence of the project. Quantitative leap between experienced and inexperienced developers As the market becomes more complex, the gap widens between developers with a proven track record, professional teams, access to institutional financing, and robust processes, and those undertaking their first or second project without a solid structure. What was once a "technical" difference will become a visible one by 2026, with a direct impact on pre-sales speed, construction quality, on-time delivery, and the final customer experience. Established developers achieve better financial terms, manage timelines with fewer deviations, provide clear documentation, and have stable teams. This allows them to maintain a more reliable project pipeline and cultivate a reputation that translates into buyer confidence. Conversely, emerging or inexperienced developers face greater difficulties: more expensive financing, slower pre-sales, projects with cost variations that are difficult to absorb, teams without defined processes, and after-sales problems that damage the brand's image. In a market where information is shared rapidly, these shortcomings no longer remain hidden. The impact on investors is clear: who is behind the project matters more and more. The developer's name is becoming an indicator of risk, quality, and long-term stability. And in 2026, with a more sophisticated market and fiercer competition, that difference will be crucial. Improvement in customer service and shopping experience If anything defines 2026, it's the widening gap between those who professionalize the buying experience and those who remain in an improvised mode. Buyers—local, foreign, or institutional—arrive at meetings with a level of information that was unthinkable five years ago: they compare square footage, calculate maintenance fees, check developer references, analyze construction phases, verify permits, and ask about issues that weren't even on the sales script before. This evolution is forcing sales teams to raise their technical level and improve their responsiveness. The processes of contact, follow-up, information delivery, booking, signing, and after-sales service are no longer just behind-the-scenes; they've become integral to the product. For the client, the experience doesn't begin at the construction site or end with handover: it starts with the first message and continues throughout the building's management. Improvised service, unanswered messages, broken promises, and confusing information have no place in a market where reputation is managed through WhatsApp and investor groups. Companies that invest in CRM, lead tracking, clear communication scripts, post-visit follow-up, and professional presentation materials—from digital brochures to well-produced virtual tours—are starting to gain traction. Customers value clear processes: receiving the right information from the outset, understanding exactly what they are buying, knowing realistic timelines, and knowing what to expect at each stage. Transparency is becoming a key selling point, and clear processes are a factor that shortens the pre-sales phase and significantly improves conversion rates. Customer service and after-sales support are no longer optional extras but strategic assets. In a more competitive market, the complete experience, from initial contact to handover of the keys, makes all the difference between a project that sells smoothly and one that requires constant promotions to attract buyers. Professionalizing this stage not only improves sales but also builds trust, fosters customer loyalty, and directly impacts the developer's ability to sustain their pipeline long-term. Buildings designed for a particular niche Another strong trend for 2026 is specialization. The market is moving away from the idea of a "building for everyone" and towards projects conceived from the outset for a specific audience, with offerings that respond to concrete lifestyles and increasingly differentiated expectations. This segmentation arises both from real demand and from the need for developers to build products with their own identity in a market where generic offerings no longer convince. Projects are emerging that cater to young professionals seeking compact units with excellent functional amenities and a strategic location; buildings geared towards students, especially in areas with educational institutions and good urban connectivity; properties for young couples who prioritize services such as coworking, gyms, and terraces; developments designed for families with young children, featuring common patios, games, real green spaces, and larger units; and even proposals focused on senior citizens, with criteria of accessibility, security, and operational support. Segmentation is also evident on the investor side. There's a growing number of buildings designed for managed rentals, featuring standardized units, centralized operations, cleaning and maintenance services, 24/7 problem-solving, and hybrid models combining traditional and short-term rentals. Simultaneously, projects are emerging that cater to digital nomads, business travelers, and those seeking a flexible lifestyle, offering true coworking spaces, high-speed internet, common areas with extended hours, and amenities that operate during the workday. This niche approach impacts every decision in the project: from square footage, interior layout, and materials, to the lobby's aesthetics, the selection of amenities, and the rental management model. The building ceases to be merely a collection of apartments and transforms into a coherent lifestyle proposition, designed for a segment with defined expectations. Amenities By 2026, the conversation about amenities will move beyond a decorative list in the brochure and become a central element of the value proposition. The market will begin to distinguish between amenities that truly support rental and resale prices and those that are purely marketing ploys and remain underutilized. This shift is a direct result of more demanding buyers and increased competition among projects that often target similar segments. This pressure is forcing developers to move beyond the "basic package" and justify why each space exists, what need it fulfills, and how it integrates into the resident's daily life. The trend is also driven by the reality of expenses: users are becoming more cost-conscious, so simply adding square footage without a clear purpose is no longer enough. Instead, efficient amenities, designed for professional operation and sustainable long-term maintenance, are valued. A gym is not just a gym: it must have quality equipment, adequate ventilation, a layout designed for different types of training, and operating hours that align with the work schedules of its target audience. Coworking spaces, meeting rooms, shaded terraces with good orientation, interior courtyards with real vegetation, semi-covered areas usable year-round, and barbecue areas that function as an extension of the apartment are beginning to establish a new standard. We're even starting to see the outsourcing of certain spaces, a step typical of more mature markets: gyms operated by specialized brands, cafes run by restaurant operators, or wellness spaces managed by third parties. This model guarantees quality, real-world use, and operational continuity without unnecessarily burdening the neighbors. In short, well-designed amenities are evolving from aspirational embellishments to essential infrastructure. They are no longer merely decorative, but rather the component that determines whether a small apartment functions, whether a rental income is sustainable, and whether a project can compete in a market where users compare every detail. More mixed-use projects Mixed-use projects are emerging as one of the most robust responses to the new way of living in the city by 2026. Proposals that combine housing, offices, medical practices, ground-floor retail, and public or semi-public spaces are beginning to differentiate themselves from single-use buildings. The logic is clear: to reduce travel times, concentrate services, generate a steady flow of people, and, at the same time, build urban identity in contexts where mobility is becoming increasingly complex. For years, this type of development focused almost exclusively on megaprojects capable of supporting diverse functions without compromising the overall operation. Examples such as Paseo La Galería, More Mariscal, Distrito Perseverancia, and Palmanova Center demonstrated that when uses are properly integrated, the project gains vitality, resilience, and greater real estate value. However, 2026 marks a turning point: this approach is no longer limited to large complexes and is beginning to extend to mid-sized projects, especially in Villa Morra, Las Lomas, Recoleta, and emerging areas of the AMA (Metropolitan Area of Buenos Aires). Buildings that historically would have been 100% residential now integrate internal coworking spaces, curated restaurants, medical offices, micro-offices, and local services that function as extensions of the apartment. This shift responds both to user demand, which seeks to manage daily life within short distances, and to the increasing sophistication of investors, who understand that a suitable mix of uses improves occupancy, diversifies returns, and generates a more stable flow of people. It also becomes a differentiating factor in markets where residential projects abound without a clear conceptual framework. For developers, the challenge shifts to urban and operational design: choosing which businesses to add, how different uses will coexist, which circulation routes should be separated, how parking will be managed, and what level of commercial curation will sustain long-term value. The "put any store on the ground floor" model is no longer viable. The selection of tenants becomes a strategic decision that defines not only the resident's experience but also the perception of the project within its surroundings. In short, mixed uses are no longer the exception for large complexes: they are beginning to become the norm for projects seeking to differentiate themselves in a more competitive market focused on urban experience. Growing demand for Class A offices The arrival of multinationals and international companies is generating clear pressure in the Class A office segment. Unlike more mature markets, where hybrid work has reduced demand, in Paraguay the establishment of new firms, the professionalization of the technology and financial sectors, and the consolidation of regional companies are driving a search for high-quality spaces to support the operational expansion of these companies. The market is beginning to demand offices that meet environmental certifications, have efficient floor plans, flexible layouts, higher-performing HVAC systems, controlled access, on-site cafeterias, technologically equipped meeting rooms, and global connectivity standards. At the same time, location is once again a determining factor: corporate corridors such as Aviadores del Chaco, Santa Teresa, Villa Morra, and emerging areas of Trinidad and La Recoleta are experiencing the highest demand, while other areas of the city are beginning to fall behind. The pressure is also coming from Paraguayan companies, which are beginning to compete for talent with global firms. Brighter, better-ventilated spaces with integrated services and ergonomic design are no longer a luxury, but a key factor in employee retention. In this context, several developers are beginning to reinterpret the post-pandemic office concept: smaller but better-designed spaces, flexible areas, collaborative spaces, and technological solutions implemented from the design stage. The result is a market that, far from shrinking, is beginning to segment: low-quality offices are losing competitiveness, while well-executed Class A spaces maintain high occupancy and appreciation. By 2026, the trend indicates that demand will shift toward buildings with solid infrastructure, professional management, and integrated corporate services, aligning Asunción with international standards. Encarnación and Ciudad del Este: Encarnación and Ciudad del Este are poised to solidify their positions by 2026 as the two major centers of real estate expansion outside the Greater Asunción area, each with its own distinct dynamics. Encarnación continues to leverage its waterfront, tourism, and a more relaxed lifestyle: apartments with views, gated communities, and projects that blend second homes with rental investment. The debate centers on how to create a city that attracts investment without sacrificing scenic quality or resorting to seasonal use of its real estate stock. Ciudad del Este, for its part, is increasingly emerging as a regional urban and commercial hub. The densification of neighborhoods like Area 1, the development of residential and office projects, the expansion of commerce, and, in the medium term, improved connectivity with Brazil and Argentina, are creating opportunities for mid-range housing, rental buildings, and mixed-use projects. The challenge in both cities will be to coordinate real estate development with infrastructure, mobility, and planning, so that growth is not merely quantitative. Diversification into logistics centers, industrial warehouses and data centers The expansion of the real estate sector towards logistics centers, industrial warehouses and data centers is becoming one of the most relevant trends of 2026. The growth of international companies, the consolidation of Paraguay as a regional platform and the industrial dynamism of the East of the country generate a new axis of investment that until a few years ago was marginal within the sector. In Greater Asunción, the need for logistics space is heightened by two factors: the increase in trade and the restrictions of Asunción's Regulatory Plan, which limits warehouses and logistics activities within the city limits. This naturally drives operators to migrate to Luque, Mariano Roque Alonso, Limpio, and surrounding areas, where land is more affordable, road access is better, and there is room for larger-scale developments. This shift also opens up opportunities for planned logistics parks, with adequate infrastructure, security, cargo flow management, and integrated service offerings. Paraguay still lags behind the logistics park standards of neighboring countries, leaving considerable room for developers capable of creating high-level projects, even with the participation of institutional funds. Meanwhile, Ciudad del Este and Hernandarias are emerging as strategic hubs for data centers and projects related to technological infrastructure. The availability of energy from Itaipu, stable electricity costs, proximity to Brazil, international connectivity, and tax advantages position this region as one of the most competitive in the Southern Cone for these types of investments. What was once associated solely with cryptocurrency mining is now being reshaped towards corporate data centers, hybrid cloud infrastructure, and services for technology companies seeking to expand in the region. This phenomenon not only redefines the country's industrial and technological real estate map, but also introduces new technical standards: electrical redundancy, specialized cooling systems, physical and logical security, and regulations that until now were not part of the daily lives of most local developers. In summary, 2026 marks a shift in the sector towards more sophisticated products, highly demanded by modern supply chains and by technology companies that are betting on Paraguay as a growth hub. The first leaps into AI The first steps toward artificial intelligence in the Paraguayan real estate sector will be visible in 2026, although still in an initial phase. Adoption begins in areas closer to marketing and sales management: database segmentation, automatic lead classification, user behavior analysis, prioritization of prospects with a higher probability of conversion, and generation of personalized marketing materials. Chatbots handle basic inquiries 24/7, allow users to schedule appointments, send project materials, and can even apply simple filters to distinguish between a casual customer and a genuinely interested party. This frees up time for sales teams and improves response time, a key factor in an increasingly competitive market. Gradually, AI will begin to be integrated into more technical stages: automated reading of municipal regulations, real-time comparative price analysis, simulations of building types, optimization of square footage, predictive demand calculations, cap rate estimation, early detection of delinquency in rental portfolios, and support in building management. Even after-sales service can benefit from systems that detect complaint patterns, predict problems, and help organize preventative maintenance. The key will be for companies to understand that AI doesn't replace the human team: it amplifies it. It allows for more precise work, reduces repetitive tasks, enables data-driven decision-making, and improves the customer experience. And those who integrate it seriously, not as a marketing gimmick, will have a real competitive advantage in costs, efficiency, and speed of response in a market that moves faster every year. New financial instruments for the sector Finally, by 2026, a quiet but key shift is deepening: the market is starting to talk more about financial structures than simple units. Development trusts, real estate investment funds, securitization vehicles, more sophisticated pre-sale models, and products specifically designed for small and medium-sized investors are gaining traction in the conversation. This opens the possibility for investors to move beyond viewing real estate solely as "an apartment I buy and rent out on my own" and instead participate in diversified portfolios or instruments listed on the stock market. For this to take hold, transparency, appropriate regulation, public financial education, and clear communication from developers, agents, and specialized media will be essential. 2026 is shaping up to be a year in which several transformations already underway in the Paraguayan real estate market will begin to solidify. These are not abrupt changes, but rather a gradual evolution toward a more organized, professional sector, more attuned to the real needs of its users. Competition is becoming more technical, design decisions more deliberate, and management, from pre-sales to final sale, is gaining a level of importance it previously lacked. In this context, projects that successfully integrate location, concept, operation, and construction quality in a coherent manner are the ones that achieve the highest levels of acceptance. Increasingly informed buyers and investors consider not only the final product, but also the developer's track record, the logic behind the common areas, cost sustainability, and the long-term performance of the asset. Rather than a dramatic shift, 2026 represents a gradual market readjustment toward more demanding standards and more consistent practices. It's a stage where conceptual clarity, planning, and the ability to respond to a maturing urban and economic environment prevail. In this context, the projects that best understand the current moment won't necessarily be the largest, but rather those that precisely adapt to the new way of living, investing, and operating in Paraguay.

A collective reflection on infrastructure, financing, urban planning and the role of the sector in the new cycle of real estate growth. On November 19, CAPADEI convened its members at the Hotel La Misión for a new edition of “CAPADEI Dialoga 2025”, an internal conversation space that seeks more than a simple assessment of the current situation: to define together what the work axes of the guild will be in a context where the real estate sector has been successful, but operates on a fragile base in terms of infrastructure, financing and public policies. In addition to its institutional role, CAPADEI is today a space that brings together a broad and diverse set of actors in Paraguayan real estate development. Its members include established companies representing different scales, approaches, and trajectories within the sector: ZUBA, Altius Group Paraguay, Urbanica Bienes Raíces, Habitalis, Matrisa Desarrollos, Altamira Group, Raíces Real Estate, Vivabien, Genus, Aquino+, Insignia, AZ Inversiones, EYDISA Desarrollos Inmobiliarios, Urban Domus, Creo Inmuebles, Salum & Wenz, CCI, Acostruir, San Gerardo Inmobiliaria SA, Escala Desarrollos, Fortaleza, Eminent, Gómez Abente, Petra Urbana, Grupo Barcelona, Paraguay Development, Blue Tower Ventures, Tierra Alta, GONU Desarrolladores Inmobiliarios, Julio César Delgado Arquitecto, Miaterra, Romanach Mercado Arquitectos, Itasã, Arq. Gustavo Masi Constructora SA, Inmobiliaria del Este SA, Constructora Gómez Núñez SA, Blok SRL, Codas Vuyk, and AGB forms a business ecosystem that encompasses everything from large-scale developers to firms specializing in architecture and construction. This diverse group is part of the association's differentiating value: the ability to bring together different perspectives under a common agenda, strengthening the sector's representation in the public discourse. One of the major objectives for next year is to solidify CAPADEI's position as a leading player in building a safer and more reliable environment for the growing wave of foreign investment and migration currently impacting the real estate market. Paraguay has become an attractive destination for both investors and families who choose to settle and start businesses in the country, and the association understands that this influx should not be seen merely as a temporary business opportunity, but as a structural phenomenon that can redefine the urban economy and social fabric. The association's roadmap includes working on quality standards, transparency mechanisms, and potential seals or certifications to distinguish developers with sound and sustainable practices, so that investors, both local and foreign, perceive the formal market as an orderly, predictable space aligned with best practices. The goal is not only to protect capital, but also to safeguard the reputation of the sector and the country as a destination for real estate investment. The association's agenda for next year also centrally incorporates discussions on infrastructure and urban planning. CAPADEI understands that the success of real estate development in recent years has often been built "in spite of" existing infrastructure, not "thanks" to it. The Chamber aims to move beyond simply noting deficiencies, insufficient energy for new projects, drainage and sewage systems stretched to their limits, deteriorated streets, a lack of transportation solutions, and a degraded historic center, to formulating concrete intervention proposals. Among its objectives are promoting area revitalization models, fostering responsible densification schemes, and collaborating on the design of technical criteria for future ordinances that prevent tax or regulatory decisions disconnected from the logic of sustainable urban development. The underlying vision is clear: without infrastructure and planning, real estate growth loses sustainability and limits its capacity to continue generating well-being and economic value. In terms of financing, CAPADEI aims to strengthen its role as a facilitator between the private sector and public and financial institutions. The Chamber does not operate on the premise that “there is no credit,” but rather that current models are not achieving the necessary reach and scale to transform access to housing and stimulate domestic demand. The strategy for 2026 includes promoting effective working groups with the Ministry of Housing, the AFD (Development Finance Agency), the banking system, and other organizations to redesign credit instruments, review caps, terms, and guarantee schemes, and explore solutions such as more flexible financing structures, mechanisms for recovering properties, and models inspired by successful international experiences. The goal is to contribute to an ecosystem where developers, banks, and the government share a common vision on how to scale housing and real estate development financing without shifting excessive risks to any of the parties. CAPADEI also considers strengthening inter-sectoral coordination and the capacity for joint influence on public policy a priority. For next year, the Chamber seeks to move towards greater collaboration with other corporate actors in the construction, banking, supplier, and related services sectors. The intention is that major discussions—urban infrastructure, housing credit, incentives for formalization, construction regulation, and investor protection—will be addressed from a shared agenda, rather than from isolated positions. From this perspective, the union of trade associations is not conceived as a partisan political front, but rather as a technical and sectoral platform capable of proposing solutions, challenging inefficient models, and supporting the government in designing policies more aligned with market realities and the needs of cities. The meeting concluded with a reflection on the sector's role in the Paraguayan economy and society. Real estate development has not only generated buildings and new neighborhoods; it has also boosted entire value chains, strengthening suppliers, incorporating new materials, creating skilled jobs, and contributing to modernizing the country's urban landscape. However, this success comes with a responsibility: it is not enough to continue building against all odds; it is necessary to focus on the quality of the city, the infrastructure that supports it, the formalization of the market, and the protection of investors who invest in real estate. “CAPADEI Dialoga 2025” made it clear that the industry is aware of the challenges, and that the major challenge for next year will be to transform this shared assessment into a concrete roadmap, with less fragmentation, more information, greater coordination, and solid proposals that can be jointly presented to the authorities and society.

An urban vision articulated between institutions, technical criteria and cultural actions marks the beginning of the greatest historical and heritage recovery of Asunción in decades. The National Commission “Asunción 500 Years” held its Fifth General Coordination Session with an increasingly defined roadmap for the urban, historical, and cultural legacy that Paraguay will deliver to its citizens in 2037. At this meeting, the Ministry of Public Works and Communications (MOPC), the National Secretariat of Culture (SNC), the Municipality of Asunción, the Office of the First Lady (OPD), and multilateral organizations presented a joint progress report on works, technical guidelines, and projects that seek to structurally transform the Historic Center and prepare the capital for its fifth centenary. The Commission, led by the First Lady of the Nation, Leticia Ocampos, has established itself as the primary institutional forum where public policies, technical criteria, and multi-sectoral initiatives converge to shape the future of the historic center. This effort represents a profound shift from the isolated interventions of the past: for the first time, work is being carried out under a coordinated, phased vision with a comprehensive approach that combines urban infrastructure, heritage restoration, social revitalization, and citizen participation, recognizing that the revitalization of the Historic Center must be as much physical as cultural. During the session, the Ministry of Public Works and Communications (MOPC) presented the Historic Center of Asunción Subcomponent of the Urban Resilience Improvement Project, along with the official launch of the new Urban Design Manual for the Historic Center, considered one of the most important technical instruments of recent years. This manual goes beyond simply proposing aesthetic improvements: it establishes mandatory standards that will govern all public and private works in the area, with the aim of ensuring coherence, urban continuity, universal accessibility, and an architectural identity that respects heritage. Its definitions cover street and sidewalk typologies, permitted materials, corners and pedestrian crossings, street furniture, green infrastructure, sustainable drainage, and landscape criteria, in addition to strict guidelines for interventions on heritage buildings and spaces of high civic value. In parallel, the Ministry of Public Works and Communications (MOPC) announced that the Historic Center will receive an initial investment of USD 10.5 million to revitalize strategic corridors and emblematic spaces. The Paraguayo Independiente Civic Corridor, Plaza Uruguaya, Plaza Mayor, and Plaza de los Desaparecidos will be the first areas targeted for improvement, along with the restoration of the Railway Station. Furthermore, a number of key buildings will be prioritized due to their institutional and heritage significance: the López Palace, the National Police Headquarters, the Metropolitan Cathedral, La Providencia School, the México-Mcal. Estigarribia axis, and various civic connection points. This initial phase lays the foundation for a high-quality urban corridor, capable of integrating pedestrian mobility, public use, cultural activities, and a restored environment that will also encourage private investment. To consolidate a comprehensive assessment, the National Secretariat of Culture, the Ministry of Public Works and Communications (MOPC), the Ministry of Economy and Finance (MEF), and the Municipality presented an updated inventory of completed, ongoing, and planned works, prepared with support from the Office of Heritage Design (OPD). The survey includes more than 40 heritage buildings and spaces, an unprecedented number that demonstrates the magnitude of the ongoing historical updating process. The completed works demonstrate a sustained momentum in building restoration. The comprehensive restoration of the Palacio Alegre as the headquarters of the Ministry of Economy and Finance, the revitalization of the Staudt Building to house cultural offices of the National Secretariat of Culture, and the enhancement of the Ueno Bank Palma building are in addition to interventions at the Casa Ardissone, the Palacete Netto, Italianate-style houses, the Bar Nacional, commercial buildings on 25 de Mayo Street, the historic house on Humaitá Street, the Cusmanich Workshops, and sensitive areas of the Port of Asunción. These actions, many financed through mixed public-private schemes, set a precedent for the revitalization of the historic center as a residential, administrative and cultural space. In addition to these completed projects, more than fifteen works are currently underway, consolidating a vibrant heritage corridor. Among them are the conservation of the National Archives of Asunción and the first phase of improvements to the House of Independence, both spearheaded by the National Secretariat of Culture (SNC). Progress is also being made on the conversion of the Port Warehouses for gastronomic and cultural use, the restoration of the Hotel Embajador, the Duarte Mansion, and the Armed Forces Cooperative building. The Paraguayan Independent Axis and the Plaza de Armas are undergoing archaeological and restoration work, while Caballero Park is in the executive design phase. The Victoria Cinema, although currently on hold, is part of the strategic inventory and has defined technical protocols. Together, these projects are revitalizing urban life in historic areas whose renewal has never before progressed in such a simultaneous and coordinated manner. The projected timeline for 2025–2037 includes a package of interventions aimed at consolidating a fully restored Historic Center. The restoration of La Recova through the Tekorendá–Itaipu Program, the rehabilitation of the Patri Palace, the North Courtyard of the Municipal Theater, and the Heyn, Zanotti, and Ligier mansions are among the priorities. Interventions are also planned for CAPASA (the municipal water and sanitation company), the Serafina Dávalos House, the former brewery, and the former Segundo Ybarra yerba mate factory, in addition to a project to repurpose the National Police Headquarters as a civic museum, returning to the public one of the most symbolic buildings in the country's contemporary history. The restoration of the Railway Station is progressing based on defined technical studies, while the Ministry of Public Works and Communications (MOPC) and Itaipu are planning the comprehensive restoration of the Metropolitan Cathedral, a project of great importance to the spiritual and architectural heart of the city. Many of these projects already have consolidated technical reports and are in the critical stage of securing funding. A central aspect of the strategy is the social and cultural component driven by the Office of the First Lady. Under Leticia Ocampos' leadership, initiatives like the Palmear Fair have revitalized Palma Street and encouraged new private investment in restoration, demonstrating that the recovery of the Historic Center cannot be limited to infrastructure projects. The agenda complements the physical work with community engagement activities, including Palma Brilla (Palma Shines) and Navidad Florece en Paraguay (Christmas Blooms in Paraguay), which have brought family life back to the city center and fostered a sense of ownership among residents. The Office of the First Lady also promotes historical cultural circuits such as Loma San Jerónimo, the House of Independence, and the Pantheon of Heroes, in addition to supporting the inventory, organization, and enhancement of emblematic buildings like the López Palace. This social dimension is key for urban restoration to transcend architecture and become a process of rebuilding the bond between community, identity, and public space. With all these actions, the transformation of the Historic Center is beginning to take shape as one of the most ambitious urban projects in Asunción's recent history. The coordination between institutions, the technical rigor of the new Urban Design Manual, the initial investment already approved, the magnitude of the heritage inventory, and the integration of physical works with cultural activities demonstrate a structural shift in the way the city is planned. By 2037, the Paraguayan capital could recover not only its historic buildings but also its original purpose as a civic, cultural, tourist, and community center. What is underway is not merely a series of projects: it is the construction of a legacy.

A new development that consolidates the evolution of Barrio Área 1 towards orderly densification, preserving its residential character and responding to the new housing needs of Ciudad del Este. Yesterday, CRESIA, the real estate development arm of the Codas Vuyk Group, officially launched construction on Vivo Los Naranjos, its third project in Ciudad del Este. The symbolic groundbreaking ceremony brought together executives, strategic partners, and clients, marking a milestone in the firm's expansion in eastern Paraguay. This expansion reinforces a strategy that is transforming the way people live in the capital of Alto Paraná through residential projects with a human scale, contemporary design, and high-quality construction. The choice of Barrio Área 1 as the new site for expansion is no coincidence. Vivo Los Naranjos is located on the corner of Los Naranjos and Los Guayabos streets, in one of the most established residential corridors in Ciudad del Este, a neighborhood traditionally associated with families connected to Itaipu and characterized by spacious houses and a strong residential identity. Over time, this area began to undergo a process similar to that experienced by Asunción more than a decade ago: family homes ranging from 1,000 to 3,000 square meters whose owners now face a different life cycle, with children leaving home and housing needs shifting towards more practical, efficient, and secure spaces. This demographic and urban transition opened the door to new low- and mid-rise residential developments that allow families to remain in their neighborhood, adapting to a different scale. It was in this context that CRESIA identified two key lots within Area 1, strategic enclaves that remained vacant within a consolidated urban fabric, offering services, clubs, cafes, low-traffic restaurants, and an atmosphere of tranquility uncommon in Paraguayan cities. The developer's response was immediate: to acquire both lots and design two complementary projects. The first, Vivo Los Guayabos, has a limited number of units available, reflecting strong demand in the local market. The second, Vivo Los Naranjos, is the one whose construction begins today. It is a building specifically designed to meet the real needs of the neighborhood, its residents, and the new generations seeking to remain in the area. The project is conceived as a six-story residential tower offering a product geared toward the end consumer, primarily consisting of two- and three-bedroom units ranging from 80 to 150 square meters. This proposal caters to two distinct market segments: young adults who wish to live independently within the neighborhood where they grew up and for whom purchasing a house is no longer feasible; and parents who find apartments a more functional and easier-to-maintain alternative. The architecture prioritizes warmth, functionality, and a contemporary design that integrates natural light, well-proportioned spaces, and environments designed for everyday living. A distinctive feature of the project is its commercial ground floor, with three units dedicated to essential daily services, such as a café, a pharmacy, and other local businesses that complement the neighborhood without creating an intrusive commercial flow. This integration reinforces the residential character of the area while providing convenience and added value for residents. Vivo Los Naranjos incorporates a full range of amenities designed to complement routines of relaxation, connection, and social life. The tower will feature a swimming pool with a deck, a fully equipped gym, a barbecue area, an outdoor living space under a pergola, restrooms and showers in common areas, and a children's play area. Each of these components is integrated into an architectural style that prioritizes the well-being and quality of life of families. In terms of construction, the project is estimated to take 30 months. Prices range from USD 100,000 to 180,000, not due to a luxury positioning, but rather to the spaciousness of the units and the quality of the selected materials. As the developer of the project itself, Codas Vuyk prioritizes premium materials, low-maintenance solutions, and finishes that extend the lifespan of the construction, maintaining the durability standards that characterize the firm. Gonzalo Codas, Director de Codas Vuyk y CRESIA The launch of Vivo Los Naranjos confirms the dynamism of CRESIA's model in Ciudad del Este, where it is already registering significant sales results. Vivo Los Guayabos has surpassed 90% of its units sold, and Paseo Boquerón has already sold more than 75%, indicators that reinforce the strength of this growing residential area and validate a strategy based on identifying real needs and offering products consistent with the character of each neighborhood. With over 350,000 m² developed in Asunción, Ciudad del Este, and Encarnación, CRESIA is part of the Codas Vuyk Group, which boasts more than 47 years of experience in innovation, design, and construction. This track record is now complemented by the participation of Pridelta Capital SA in the creation of this project, a partnership that combines the fund's financial and strategic vision with the group's technical and construction capabilities. In addition to joining the project as a partner, Codas Vuyk will oversee the building's construction, guaranteeing the quality standards that have defined its presence in the Paraguayan market. Vivo Los Naranjos thus represents more than just a new building: it is a piece within a broader urban vision, driving the evolution of Ciudad del Este towards models of balanced densification, orderly growth, and the development of new residential hubs. CRESIA and its partners are committed to vertical growth that not only provides infrastructure but also social and urban change: people who remain in their neighborhoods, families who find contemporary alternatives, and projects capable of bringing about that transformation. For more information, please complete the following form and the developer will contact you:

A contemporary development that combines quality architecture, spatial efficiency and a strategic location in one of the fastest growing areas of the metropolitan area. Hugo Campercholi y Kevin Bendlin CIVIS Soluciones Inmobiliarias and Mont Rouge celebrated the opening of Jardinia, a residential building located on the dynamic Luque-Campo Grande axis, at an event attended by the directors of both firms, Hugo Camperchioli and Kevin Bendlin. The opening marks another step in the consolidation of the area's urban growth, where contemporary projects are beginning to define a young, accessible residential fabric aligned with the demand of those seeking proximity to Asunción without sacrificing the tranquility of the surroundings. Jardinia presents itself as a contemporary residential development that combines quality architecture, modern design, and a strategic location strongly connected to the main corporate, commercial, and educational hubs of the metropolitan area. Its location allows residents to live in a tranquil environment, with less traffic and a more serene neighborhood atmosphere, yet with easy access to high-traffic areas such as Aviadores del Chaco, Ñu Guasu, and the Santa Teresa corridor, where transportation, employment, and services are increasingly concentrated. This balance between proximity and tranquility defines one of the project's main strengths, finding in Campo Grande a particularly attractive point of urban maturity for new developments. The building, with over 3,725 m² of constructed area, offers 54 units distributed among studios, one-bedroom apartments, and two-bedroom units. The layouts were designed to maximize functionality and comfort, with efficient floor plans that prioritize natural light, cross-ventilation in units where possible, and design solutions aimed at optimizing every square meter. This type of distribution reflects a growing market trend: compact yet well-designed properties that offer versatility for both permanent residents and those seeking investment opportunities with immediate rental income and competitive maintenance costs. The project incorporates a selection of amenities designed to enhance the daily experience with a contemporary perspective on urban living. The offering includes a panoramic swimming pool with a sundeck, a climate-controlled barbecue area with an automated grill, a fully equipped gym, a sauna, an entertainment room, a children's play area, a pet-friendly space, and a shared laundry room with drying areas, in addition to 24-hour security. This combination allows the common areas to function not only as complementary services but also as natural extensions of life within the building, responding to the new needs for residential flexibility, well-being, and everyday enjoyment. The construction quality of Jardinia is enhanced by the participation of Codas Vuyk, one of the country's most established construction companies, with over four decades of experience and a renowned technical expertise characterized by durability, meticulousness, and structural rigor. The company stands out for its focus on delivering projects that improve quality of life and provide security and peace of mind to homeowners—values that have become its defining characteristics in the market. The interior fittings were handled by Better Space, a firm specializing in smart furniture that has installed more than 250 kitchens and 550 closets in various projects. Their smart furniture offerings reflect the trend toward functional spaces adapted to contemporary living, especially relevant in compact units. Networkers was responsible for the home automation, networks, and security systems, providing technological solutions that enhance the modern experience Jardinia aims to offer. Technical oversight was conducted by FiscaPro, ensuring transparency and quality control standards from the project's inception to its completion. The opening of Jardinia coincides with a period of sustained expansion for CIVIS Soluciones Inmobiliarias, which is closing the year with 13 projects in its portfolio: 7 delivered and 6 under construction. The company also has an active agenda for 2026 that includes launching new product lines and expanding its presence in cities such as Ciudad del Este and Encarnación. Over the past 18 months, the company has spearheaded flagship projects such as Civis X, Civis XI, and Aether, all of which have seen significant market absorption, demonstrating a clear understanding of its target audience and a product strategy aligned with the evolution of the mid-range and upper-mid-range segments. In this context, Jardinia represents a significant milestone for both CIVIS and Mont Rouge. It is a project that embodies the vision of both firms: modern, accessible, well-located developments aligned with new ways of experiencing the city, with a focus on spatial efficiency, construction quality, and a value proposition that combines practicality with well-being. In a market that continues to expand into new urban centers and demands increasingly competitive products, Jardinia positions itself as an attractive alternative for urban residents seeking balance, and for investors who identify sustained growth potential in these areas.

In the city of Altos, Raíces Real Estate presented a development that combines technology, sustainability and cutting-edge design: a planned community of 65 hectares, white sand beaches, green infrastructure and the first crystal lagoon with waves in the country, marking a before and after in the evolution of gated communities. Last Saturday, November 16th, Raíces Real Estate celebrated the inauguration of Paraguay's first artificial wave pool within a gated community in Altos. The event, shared with homeowners and partners, was not only the opening of a new amenity, but also the consolidation of a residential concept that combines technology, sustainability, and a water-based lifestyle, once again raising the bar for real estate development in the Altos and San Bernardino area. Developing a second gated community of this kind along the Altos-San Bernardino corridor will, on the one hand, consolidate this area as a residential and recreational destination, and on the other, reinforce Raíces' commitment to raising the bar for suburban developments in Paraguay. Aquabrava joins Aquavillage, another of the company's flagship projects, as part of a long-term strategy that combines infrastructure investment, innovative design, and a keen understanding of the preferences of a clientele seeking security, nature, and high-end amenities all in one place. The project also represents a significant leap forward for the developer itself in terms of the technology applied to its communities, from topographic design to the implementation of advanced infrastructure solutions. Jorge, Yolanda, Ernesto y Aníbal Figueredo, miembros del directorio y propietarios de Raíces Real Estate, junto a su madre. Located on the San Bernardino–Altos highway, just 3 kilometers from Aquavillage, Aquabrava spans 65 hectares, comprising 463 residential lots, nine larger lots, and two apartment buildings. It is a planned community, designed to function as a complete residential ecosystem, integrating living areas, recreational spaces, sports facilities, and a direct connection with nature. The development is based on a combination of careful urban planning, high-end gated community security standards, and a strategic location that provides easy access to both the capital and other cities throughout the country. The heart of the project is its expansive reflecting pool, surrounded by white sand beaches that cover over 9,000 square meters and extend almost 360 degrees around the lagoon. Native vegetation, high-level sports facilities, a clubhouse, a swim-up bar, a gym, and tennis, paddle tennis, soccer, and multi-purpose courts unfold around it. The result is a neighborhood that combines comfort, security, and services with a constant sense of recreation: a place where weekends, vacations, and everyday life blend seamlessly into a single, enjoyable experience. Living with the "feeling of the sea" in Altos ceases to be a metaphor and becomes a concrete possibility anchored in technology and design. To take this concept a step further, Raíces opted to incorporate a unique feature in the Paraguayan market: the construction of a crystal-clear lagoon with Wavetech artificial wave technology. This amenity, unprecedented in the country within a gated community, marks a turning point in the national real estate sector. The system integrates state-of-the-art turbines imported from Spain, with technical installation carried out by specialists from Brazil, ensuring the quality and stability of its operation. In addition, a landscape design developed in collaboration with regional experts recreates rocky environments and natural elements inspired by the essence of the sea. The care taken with the lagoon is reflected in the overall design of the neighborhood. The entire urban plan of Aquabrava was developed by a European architectural firm, working on a topography with a difference of more than 40 meters between the highest and lowest points of the site. This condition demanded a sophisticated technical approach, especially regarding stormwater management systems. The neighborhood incorporates a rainwater management infrastructure that captures and channels surface runoff into a natural ravine, where two slopes converge to form a channel that remains dry for part of the year. From there, the water is conveyed to a reservoir located in the lower part of the neighborhood, treated, and subsequently reused for irrigating the green areas. In this way, the project completes an efficient water cycle, aligned with the sustainability principles that inspire it. This green infrastructure is complemented by a landscape design vision that goes beyond mere ornamentation. Raíces has incorporated a nursery within the neighborhood called Garden Market so that plants can acclimate to the soil and climate before being planted, increasing the landscape's resilience and facilitating long-term maintenance. At Aquabrava, special emphasis was placed on the conservation of native species, even identifying some at risk of extinction that are now undergoing specific treatment to encourage their reproduction. The urban design also incorporates a contemporary approach to internal mobility and the quality of public space. Some streets were designed as narrower, one-way streets with curved layouts that help reduce vehicle speeds and prioritize safety. In addition, a network of pedestrian paths runs through the neighborhood, connecting different areas and encouraging walking and experiencing open space as an everyday extension of the home. Alongside the individual lot sizes, Aquabrava incorporates multi-family housing typologies that broaden its appeal. Facing the lagoon with its wave-like surface will be the MAUI residential buildings , conceived as a proposal that combines practicality, a prime location, and a resort experience. The MAUI tower will have five levels and a total of 30 apartments, six per floor: 20 three-bedroom units and 10 two-bedroom units. These apartments are designed for residents who prioritize the comfort and security of living in an apartment building but don't want to sacrifice direct access to all the amenities of a high-end gated community. The units boast privileged views of the lagoon, making the waterscape an integral part of daily life. Sales for MAUI are already underway, and construction is projected to begin next year, adding a new layer of density and variety to the neighborhood's overall master plan. In terms of sustainability, Aquabrava has positioned itself as the first gated community in the country to pursue LEED certification, an international recognition that evaluates projects under strict standards of sustainable construction, resource efficiency, and green infrastructure. While in Asunción LEED certification has been mostly associated with corporate or high-rise residential buildings, Aquabrava seeks to extend that approach to the scale of a gated community. The certification measures the social and environmental impact of the development, the optimization of energy and water resources, and the quality of the built environment. This achievement not only marks a milestone for Paraguay but also places it among the first developments of its kind in Latin America to achieve this distinction, positioning the local market on the global map of sustainable architecture. Aquabrava is currently one of Raíces' most successful developments, boasting one of the company's fastest sales rates: approximately 70% of the neighborhood is already sold, placing it among the top neighborhoods in terms of market absorption. This dynamic is partly explained by the prior experience of many clients in Aqua Village and the maturity of the second-home segment in San Bernardino and Altos. The market recognizes the value of owning a home in a gated community that offers security, professional management, and a range of amenities that, outside of this type of development, would require club membership or significantly larger individual investments. Added to this is the growing importance that younger generations place on sustainability, making Aquabrava's proposition, with its environmental focus and green infrastructure, particularly appealing. Although San Bernardino and Altos have historically been associated with second homes or foreign residences, Aquabrava is beginning to reflect a new trend: more and more Paraguayan families are considering this area as a potential primary residence. The combination of nature, security, good accessibility, and services is establishing the area as a viable alternative to the established city, offering a different yet connected lifestyle. The scale and sophistication of Aquabrava are backed by Raíces Real Estate's track record. The company has established itself as a leading name in the Paraguayan real estate sector, with over 30,000 clients, 32 million square meters developed, and 280 projects across 60 municipalities. Within this portfolio, large-scale gated communities are a specialty: the company has launched 18 such developments, encompassing approximately 10 million square meters and designed to house more than 5,000 families. Its work is based on the declared values of honesty, consistency, and transparency, with ethics and innovation as its core management principles. In this context, Aquabrava presents itself as a synthesis of multiple layers of innovation: the lagoon with artificial waves as a technological and recreational icon; the rainwater harvesting infrastructure as a model of responsible management; the preservation of native flora and the incorporation of nurseries as a commitment to biodiversity and local production; an urban design that prioritizes human scale, active mobility, and security; and a residential strategy that combines lots, apartments, and hotel services to create a complete destination. It is not just a new gated community, but a prime example of where Paraguayan real estate developments can evolve. Aquabrava thus marks a new dimension of living well in Paraguay. It is a project that, due to its scale, level of detail, and ambitious goals, has become a source of pride for the local market and a concrete example of the path that future developments can follow, not only in the gated community segment but throughout the country's entire real estate ecosystem. For further details or to explore investment opportunities related to this development, complete the form below and the developer's team will contact you:

Asunción welcomes a new development in the heart of Barrio Mariscal. Strategically located steps from Shopping Mariscal, Lumiere Mariscal is under construction as a project that combines contemporary design, efficient construction, and affordable prices, spearheaded by Concor Desarrollos and Altanova Construcciones. Last Friday, November 7th, the groundbreaking ceremony for Lumiere Mariscal took place, marking the start of construction on a development that promises to become a new benchmark for urban housing in Asunción. The project is located on the corner of Dr. Juan Eulogio Estigarribia and Rodolfo Zotti streets, steps from the Mariscal Shopping Center, in the heart of Villa Morra, one of the most dynamic, walkable, and sought-after areas of the capital. Its immediate surroundings boast one of the highest concentrations of services and attractions in the city: the Hotel La Misión, Café Juan Valdez, shops, galleries, restaurants, supermarkets, and financial institutions. In recent years, the Mariscal neighborhood has established itself as an urban epicenter where proximity, connectivity, and the experience of neighborhood living combine with the convenience of having everything within walking distance. The project is characterized by its contemporary architectural approach, with expansive floor-to-ceiling windows, a design choice that creates a sense of spaciousness and brightness unusual in its segment. This design not only maximizes natural light, promoting energy savings, but also enhances the aesthetics of the interior spaces and allows for panoramic views of Asunción's corporate district, one of the areas with the greatest construction development and real estate potential in the country. Lumiere Mariscal will feature 14 floors and 87 apartment units, with layouts including one-bedroom units, loft-style duplexes, and two-bedroom options, designed to suit different lifestyles and life stages. Each floor was designed seeking a balance between functionality, comfort, and design, prioritizing spatial quality and visual connection with the surroundings. The building will offer a full range of amenities that enhance the residential experience: an equipped gym, air-conditioned barbecue area, coworking space and a swimming pool that completes a modern, versatile and attractive proposal. Regarding its pricing structure, the project offers prices starting at $64,000, with parking spaces available for $15,000. The payment plan was designed to provide flexibility for buyers: 20% down payment, 70% during construction, and 10% upon delivery—a model that facilitates investment for both first-time homebuyers and those seeking a secure rental opportunity in a high-demand area. The project developer is Concor Desarrollos, a company founded with the purpose of delivering excellence and meticulous attention to detail in every project. Its team comprises professionals with extensive experience in the real estate sector, with a vision focused on combining affordability and superior quality, seeking projects that stand out for their design, solidity, and architectural coherence. Lumiere Mariscal is the company's second development, following the successful Lumiere del Sol, and solidifies its position as a developer committed to creating contemporary and accessible spaces without sacrificing quality or design. Construction will be handled by Altanova Construcciones, a company with over 12 years of experience in the sector, recognized for its technical expertise, commitment to innovation, design, and sustainability. It is part of the Altea Holding group of companies, an ecosystem that integrates various specialized services to offer comprehensive excellence in the real estate and construction industry, with over 100,000 square meters delivered throughout its history. Altanova Construcciones emphasizes that its growth is based on a constant focus on continuous improvement, incorporating technology, processes, and international standards that ensure the final quality of each project. Currently, the company is in the process of implementing ISO 9001, the international standard for quality management systems (QMS) that helps organizations guarantee that their products and services maintain consistency, efficiency, and customer satisfaction. According to the company, this certification represents an important step in the professionalization of its internal processes, ensuring transparency, traceability, and excellence at every stage of construction. Behind Altanova Construcciones is its CEO and founder, Emilio Espínola, a professional with over 20 years of experience in the industry, who has led large-scale and highly regarded projects in the country. Under his leadership, the company has consolidated a corporate culture focused on quality, innovation, and sustainability. In the coming months, Altanova will begin development on a new 22-story building, reaffirming its commitment to the evolution of the sector and its sustained growth within the Paraguayan real estate market. Bernardo Espínola y Emilio Espínola, directores de Altanova Construcciones, durante el inicio de obras de Lumiere Mariscal Their work is based on a 100% BIM (Building Information Modeling) methodology, which guarantees precision, coordination, and efficiency in the design and execution of each project. This technological approach allows them to anticipate clashes, optimize resources, and ensure delivery faithful to the original design. In addition, they implement Autodesk Build software, a comprehensive management tool that enables complete control of construction processes in real time, promoting efficiency, transparency, and communication among all stakeholders. The result of this synergy between Concor Desarrollos and Altanova Construcciones is a project that reflects the maturity of the Paraguayan real estate market and its progress toward international standards of design, quality, and management. Lumiere Mariscal combines a strategic location, architectural elegance, accessibility, and construction excellence, making it a unique investment opportunity and a cutting-edge residential development in the heart of Asunción. To learn more about the project, please complete the following form and a representative from the developer will contact you:

The INE Census reveals how, between 1992 and 2022, occupied housing grew at a faster rate than the population, marking a structural change in the way the country is inhabited and in the configuration of its cities. Over the past three decades, Paraguay has undergone a profound housing transformation that has mirrored, and in some aspects surpassed, the evolution of its population and economy. Data from the National Institute of Statistics (INE) show that between 1992 and 2022, the total number of occupied private dwellings increased from 855,547 to 1,749,336 units. During the same period, the country's population grew by 88%, while the number of occupied dwellings increased by more than 104%. This difference reveals that the growth rate of households with owned or rented homes exceeded that of population growth, suggesting a progressive decrease in household density and an expansion of access to housing. It is important to emphasize that these figures refer to dwellings that are actually occupied—that is, those where at least one person resides at the time of the census—and not necessarily to the total number of available or newly constructed units in the country. A comparison of the 1992, 2002, 2012, and 2022 censuses also reveals a structural shift in the morphology of Paraguay's occupied housing stock. In 1992, single-family homes, the traditional "house or ranch," represented almost the entirety of occupied dwellings. With 817,137 units at that time, this typology accounted for more than 95% of the total. Thirty years later, in 2022, that figure rose to 1,621,209 occupied dwellings, equivalent to a 98% increase. While the absolute number nearly doubled, the growth was lower than the overall average for the housing stock, reflecting a gradual loss of relative share within the total. This change does not necessarily imply a direct replacement, but rather a diversification of the types of housing actually inhabited, driven by new forms of urbanization and the expansion of multi-family construction. The case of occupied apartments or flats is the most representative phenomenon of this transition. In 1992, there were only 7,997 inhabited units of this type; by 2022, the figure had reached 44,145 occupied dwellings. This 452% increase is one of the most significant variations within the census record and highlights the verticalization process that is consolidating in the main urban centers. Asunción and its metropolitan area concentrate most of this growth, fueled by rising land values, the scarcity of available land in central areas, and the pursuit of greater efficiency in the use of urban infrastructure. As the cost of urban land rises and the demand for strategic locations increases, the vertical development model is positioning itself as the most logical and sustainable response for Paraguayan cities. This process is also linked to a demographic and cultural transformation. The average household size has decreased, while patterns of labor and educational mobility are diversifying. Young people, in particular, tend to prioritize proximity to workplaces, schools, or leisure activities, and prefer more compact and technologically integrated housing. These factors converge to shape a new paradigm of urban housing: more vertical, more efficient, and more connected. Another significant change is observed in the so-called "tenancy rooms," a smaller, usually rented, housing category that increased by 201% during the same period. They rose from 22,735 occupied units in 1992 to 68,402 in 2022. This increase is closely linked to rural-to-urban migration and the expansion of low-income urban areas where informality in the rental market remains high. Tenancy rooms serve as a quick and low-cost solution for families or individuals transitioning to urban life, and their growth reflects both the pressure on the formal housing supply and the need for flexible accommodation in areas with high concentrations of employment or education. The expansion of tenancy rooms, in parallel with the growth of residential buildings, reflects the coexistence of two distinct urban dynamics. While the formal market is advancing with increasingly planned, technologically advanced projects geared towards higher-income segments, a significant portion of the population continues to access housing through informal or self-managed solutions, outside of credit and urban planning circuits. The category called “other private housing,” which includes annexes, makeshift dwellings, and structures intended for temporary or shared housing, also grew significantly, increasing from 7,678 to 15,580 occupied units, representing a 103% rise. While less substantial in absolute terms, this growth indicates the complexity of the housing landscape, where non-traditional housing forms respond to specific needs related to mobility, income, or location, and sometimes also to pressures on land availability in metropolitan peripheries. Looking at long-term trends, statistical models based on census data show that, if growth rates continue, Paraguay could reach between 175,000 and 225,000 occupied apartments by 2052. According to projections, this type of housing would increase from representing 2.5% of total occupied housing in 2022 to between 8% and 12% by mid-century. This projection is supported by both the exponential model, which assumes a continuation of the current rate of urban growth, and the logistic model, which considers a moderate slowdown as market saturation is reached. In both scenarios, the conclusion is the same: vertical housing will cease to be a phenomenon concentrated in the central neighborhoods of Asunción and will become a structural component of the country's housing growth. Occupied houses or ranches, on the other hand, will continue to increase in absolute number, albeit at a slower pace. Linear and exponential models estimate that by 2052 there will be between 2.3 and 3 million occupied dwellings of this type, representing sustained growth but with a relative reduction in their share of the total. Proportionally, the predominance of single-family homes will tend to diminish as urban centers absorb most of the demographic and economic growth. Low-density peripheral expansion, while persistent in many localities, will face increasing limitations related to the cost of infrastructure, transportation, and public services. The contrast between the 452% increase in the number of occupied apartments and the 88% increase in the total population highlights the scope of the structural change underway in the country. Paraguay is moving towards a denser, more vertical urban model, more focused on integrated land uses, where land efficiency and proximity to services are becoming key determinants of value. This process not only modifies the physical form of cities but also the social, labor, and economic dynamics that sustain them. High-rise living introduces new patterns of coexistence, demands a different infrastructure, and poses unprecedented challenges for urban planning and the management of essential services. The ongoing transition presents both significant opportunities and challenges. On the one hand, densification allows for better use of existing infrastructure, reduces transportation costs, and promotes more sustainable urban growth. On the other hand, it demands more precise regulations, affordable rental policies, and planning strategies that guarantee quality of life in high-density environments. In this context, the consolidation of modern financial instruments, such as investment trusts, real estate investment trusts (REITs), and securitization mechanisms, could play a central role in the orderly expansion of the residential market, enabling the channeling of private savings toward long-term urban development. Thus, Paraguay in the coming decades is shaping up to be a country that combines the enduring presence of traditional housing with a rapidly expanding multi-family residential typology. Single-family homes will remain predominant, but their dominance will be progressively balanced by a steadily growing stock of apartments. The cities of the future, more compact, connected, and sustainable, will be built around this new equilibrium, where the home will no longer be merely a horizontal extension of the land but will become part of a vertical, collective, and functional structure, reflecting a society that evolves along with its way of living.

In a prime corner of Las Lomas, Aether represents the synthesis between height and harmony: a vertical wellness experience conceived by CIVIS for a new generation of urban dwellers. In the heart of the Las Lomas neighborhood, at the corner of Molas López Avenue and Campos Cervera Street, Aether will rise—a mixed-use tower reaching 180 meters in height, marking a turning point in the evolution of Asunción's skyline. With this impressive project, Aether will solidify its position as the third tallest building in the country and as a new benchmark for innovation, well-being, and sophistication in the Paraguayan real estate market. Its location couldn't be more strategic: right in the heart of the capital's Golden Triangle, bordered by Aviadores del Chaco, San Martín, and Molas López, within the most coveted area of the Las Lomas neighborhood. Within this zone, the strip between San Martín and Aviadores is considered the most attractive urban area, and it is precisely there that Aether is located. The choice of a prime corner location amplifies its value, not only for its urban visibility but also for the possibility of ensuring unobstructed views in all directions. In the developers' words, "a corner project is worth double," and this case is proof of that: an enclave that combines efficiency, future potential, and a direct connection to the urban pulse of Asunción. More than just a building, Aether represents a vertical experience of well-being, productivity, and connection. Its concept focuses on offering a holistic lifestyle, where every detail is designed to balance comfort, aesthetics, and functionality. With over 2,250 square meters distributed across more than 35 amenities, the building redefines the concept of high-rise living, prioritizing the physical and emotional well-being of its residents. The project's architecture embodies a philosophy of elevated living, where spaces inspire serenity, movement, and productivity. Aether is the skyscraper with the highest proportion of amenities per square meter in the Paraguayan market, featuring four levels of common areas that extend the length of the tower. On the ground floor, the project will integrate a selection of dining options, culminating in a five-star restaurant of over 500 square meters, designed for 120 diners and offering room service for residents. On level 7, located on the transition slab between the parking garage and the tower's shaft, one of the most comprehensive social areas in the country will be concentrated. There, a range of amenities focused on overall well-being will be developed. The Green Zone, a natural elevated park, will feature a swimming pool for adults and children, a bar, a solarium, zen spaces, a jacuzzi area, a massage room, an outdoor calisthenics gym, outdoor play areas, and pet areas, all surrounded by native vegetation, reinforcing the project's environmental identity. In the Wellness Zone, well-being takes center stage with a fully equipped indoor gym, a spa area, a hair salon, a massage room, saunas, and an environment designed to reconnect body and mind in a serene and contemporary setting. On a social level, Aether offers spaces dedicated to entertainment and socializing: a movie theater, a clubhouse with a golf simulator, a pool table, arcade machines, a vending machine with snacks, a video game room for teenagers, a children's playroom, and air-conditioned lounges with grills for private gatherings. A tasting room also stands out, inviting guests to enjoy exclusive gastronomic and wine experiences, elevating social life to an unprecedented standard in the city. Level 31 is dedicated to a suite of executive amenities, a space where work, inspiration, and networking converge. It houses a modern Business Center with meeting rooms and a Nomad Hub, a space designed for digital nomads, content creators, and professionals seeking flexibility. This space will feature recording booths for podcasts and live streaming, as well as four connectable barbecue areas that can be used for larger corporate or social events. On the 50th floor, reserved exclusively for owners of penthouses located between levels 43 and 49, a collection of amenities unique in the country will be available. These limited-access spaces will offer an unprecedented experience in the Paraguayan real estate market, with unparalleled panoramic views and luxury services designed for a select clientele. Beyond its architecture and spaces, the heart of Aether lies in its concept: a life with integrated services, where time is optimized and everyday experiences are enriched. Its exclusive amenities include housekeeping, pet showers, car washes, tire inflation, hot/cold delivery storage, temporary luggage storage, and room service, replicating the comfort of a five-star hotel within residential living. With 241 residential units and ground-floor commercial spaces, Aether will offer a variety of layouts to suit all lifestyles: studios, one- and two-bedroom apartments, lock-off units, and penthouses with double parking and storage. All units will feature open views and private balconies, reinforcing the principle of visual and spatial connection with the surrounding environment. Prices start at USD 69,000, with direct financing available for up to 72 months and flexible payment options, including the possibility of trading in vehicles or land as partial payment. The project is also integrated into CIVIS's 360° ecosystem, a network of services that allows investors to operate entirely passively. This system includes Better Space, a company dedicated to smart and flexible furnishings; Networkers, home automation specialists who allow users to control their units from their cell phones; and CIVIS's rental platform, which manages more than 100 units under administration, both for traditional and short-term rentals. In addition, CIVIS offers its own financial services, trusts, and private investment funds, all designed to digitize and simplify the investor experience. The CIVIS Community, currently in beta, is the technological hub of this ecosystem. From there, users can book amenities, monitor their investment in real time, check account statements, and access their investor or client profile, all without intermediaries. This platform aims to automate real estate management and create a direct channel of communication between the user and their property, laying the foundation for a fully digital model that promises to continue evolving with new features and loyalty programs. In line with its environmental commitment, Aether will carry the EDGE seal, an international certification that recognizes its energy efficiency, optimized water use, and sustainable materials. This recognition reinforces CIVIS's vision as a developer committed to responsible architecture and urban sustainability, pillars reflected in all its recent projects. Aesthetically, Aether combines elegance and purity in a timeless architectural language. Its design is based on the architecture of well-being, where natural light, fine materials, and balanced proportions define a sensory space that invites calm and connection. Construction will begin in January 2026 and is expected to last approximately three and a half years, with completion anticipated for July 2030. With over 210,000 m² built and 1,200 units sold, CIVIS has positioned itself as one of the country's leading developers, driving a new paradigm of housing and sustainable profitability. In the last 18 months, the company launched 85,000 m² onto the market, achieving an absorption rate of over 90% in its CIVIS X and CIVIS XI projects , demonstrating public confidence in its model. Aether represents CIVIS's 13th project, marking a new stage of maturity for the company. In the words of its team, this development symbolizes "a continuous evolution, a personal and spiritual journey ascending from the mundane to the ethereal." This metaphor for growth and vision reflects the essence of a company that has learned, evolved, and today is establishing itself as a pioneer in creating smart and sustainable residential experiences. The construction will be carried out by Codas Vuyk, a firm with over 40 years of experience and a solid track record of high-quality projects, characterized by their technical precision, on-time delivery, and excellence. Their involvement guarantees that the realization of Aether will maintain the highest construction and engineering standards. This launch marks a new era for CIVIS and for Paraguayan architecture. With the best price per square meter in the area, guaranteed appreciation, a smart services ecosystem, and architecture that inspires well-being, Aether is projected as the emblem of Asunción's urban future: a symbol of sustainability, elegance, and elevated living, where the art of inhabiting reaches its highest expression. Complete the form below to learn more about Aether and be part of the new era of vertical wellness in Asunción:

The EDGE certification obtained by Paseo del Sol represents a historic advance for Encarnación and consolidates the evolution of the Paraguayan real estate market towards international standards of efficiency and sustainability. Encarnación has reached a new milestone in its urban development with Paseo del Sol , which has just become the first building in the city to receive the international EDGE (Excellence in Design for Greater Efficiencies) certification. The project, currently under construction, was officially recognized for meeting the energy efficiency, water conservation, and environmental impact reduction standards established by this global distinction. With a total area of 5,580 square meters and a prime location overlooking the Paraná River, Paseo del Sol solidifies its position as a benchmark for sustainability and marks a decisive step in the evolution of contemporary architecture in Encarnación toward more efficient and responsible construction models. Currently more than 40% complete, Paseo del Sol is scheduled for delivery in March 2027. Market interest has been remarkable: more than 80% of the units have already been sold, with prices starting from USD 79,500, consolidating the project as one of the most attractive residential options in the south of the country. The EDGE certification awarded to Paseo del Sol is the result of comprehensive planning that combines intelligent design, technological innovation, and a long-term vision. The project achieved a 23% energy savings, a 42% water savings, and a 26% reduction in embodied energy of materials—figures that reflect a commitment to efficiency and urban sustainability. The EDGE methodology, developed by the International Finance Corporation (IFC), a member of the World Bank Group, evaluates the environmental performance of buildings and recognizes those that optimize resources from design to operation. Beyond the technical achievement, obtaining this certification represents a competitive advantage for both investors and future residents. In market terms, a certified building offers higher resale value, lower operating costs, and a reduced risk of technical obsolescence. For those who live in the development, the advantages translate into superior daily comfort: natural ventilation, efficient lighting, and low-consumption systems reduce electricity and water expenses while contributing to a higher quality of life in healthy environments. Living in a certified building also means being part of a lifestyle where personal well-being is integrated with respect for the environment. Paseo del Sol 's achievement of EDGE certification marks a turning point in how real estate development is conceived in Encarnación. This recognition not only positions Paseo del Sol as a pioneer in sustainability but also solidifies the city's status as a regional leader in innovation and environmental responsibility. In a context of sustained growth, where tourism, infrastructure, and private investment drive urban expansion, the incorporation of international standards reinforces a modern and resilient vision for Encarnación's development. This advancement lays the groundwork for a progressive transformation of the market, inspiring other developers, institutions, and citizens to adopt more conscious criteria in design and construction. Paseo del Sol is being developed by CRESIA SA, in partnership with Acostruir SA, and has the technical and construction support of Codas Vuyk, a company with over 47 years of experience in the sector. Pioneers in promoting quality and sustainability in Encarnación, this team has completed three projects, has one under construction, and has new projects underway, reaffirming its commitment to social progress, construction efficiency, and the city's urban development. The EDGE certification obtained by Paseo del Sol not only raises the standard of local construction, but also confirms Encarnación's potential to lead the transition towards more sustainable, efficient architecture aligned with global trends for a responsible urban future. For more information about the project, please complete the form below:

Conceived as part of the Mariscal Urban Center master plan, the project integrates an office tower, two residential towers, and a gastronomic and commercial promenade. The complex proposes a denser, more diverse, and more connected city model, where proximity and integration of uses reshape the urban experience of the Recoleta neighborhood. As part of the transformation of Shopping Mariscal into a more integrated and diverse urban center, Central Mariscal emerges as a mixed-use development that redefines the notion of centrality in Asunción. The project comes at a time when the city is moving towards more balanced densification, where residential, corporate, and commercial spaces are beginning to coexist in walkable environments with their own distinct character. Located in the Recoleta neighborhood, on a 5,500-square-meter plot of land, the complex brings together the main components of contemporary urban life: a 15-story office tower, two MORE Mariscal residential towers developed by Altius Group Paraguay, a gastronomic and commercial promenade, and four underground parking levels. This design reflects a comprehensive vision that seeks to concentrate the city's core functions in a single location, generating synergy among diverse activities and reducing the need for long commutes. Central Mariscal's strategic location near Shopping Mariscal allows it to organically integrate with the existing urban fabric. Cafes, services, shops, and cultural spaces already coexist in a vibrant neighborhood network that maintains its human scale, while new developments, such as the MORE residences, and the restoration of the historic mansion contribute density and architectural renewal. This balance between the new and the existing transforms the complex into a true Amenity Hub, where working, living, or simply spending the day are all part of the same urban experience, sustained by proximity and a diversity of uses. The urban design builds upon this neighborhood identity and seeks to strengthen it through balanced densification and more efficient mobility. Wide sidewalks, plazas, and pedestrian walkways integrate the various components of the complex and foster daily interaction, while Recoleta's network of active, cross streets facilitates pedestrian navigation and reduces travel times. Central Mariscal does not stand out as an isolated structure, but rather engages with the neighborhood's morphology, extending the network of public spaces and consolidating an urban model where proximity, accessibility, and human scale define quality of life. The complex's culinary offerings extend the neighborhood's vibrant hours and reinforce its character as a meeting place. The historic mansion will house El Café de Acá, along with the Mexican restaurant Hacienda Las Palomas and the Italian gelateria Quattro D, all featuring open terraces and a contemporary design geared towards outdoor gatherings. These new establishments complement the commercial expansion of Shopping Mariscal, which has already added international brands such as Victoria's Secret, Bath & Body Works, and Parfois, creating an offering that combines gastronomy, culture, and retail within easy walking distance of any point in the complex. The guiding principle of this development is proximity: the possibility of living, working, shopping, socializing, and relaxing within the same pedestrian radius. Unlike other corporate and residential hubs in Asunción, Central Mariscal builds upon a pre-existing neighborhood fabric, with easier mobility and transversal connectivity to the Eulogio Estigarribia, Cruz del Chaco, and Charles de Gaulle axes. This urban design prioritizes walkability and direct engagement with public space, creating an active corridor that fosters daily interaction and reduces dependence on cars. Within the Central Mariscal complex, the corporate tower represents the newest addition and one of the most significant for Asunción's real estate market. With a total constructed area of 18,930 m², of which 11,767 m² are dedicated exclusively to offices, it sets a new standard for workspaces in the country. Designed to Class A building standards, the tower combines technical efficiency with an urban design that prioritizes the experience of its occupants. The office floors are modular and flexible, allowing for configurations adaptable to different business scales. Each level incorporates open views, ample natural light, and high-quality materials that ensure comfort and durability. The laminated glass facade, raised access floors, premium finishes, and state-of-the-art elevators guarantee smooth and quiet operation, in line with the efficiency and connectivity standards demanded by contemporary businesses. The building is integrated into the rest of the complex through a system of approximately 300 underground parking spaces, with independent access and direct connection to the commercial and dining area. This configuration facilitates internal traffic and improves accessibility without disrupting pedestrian flow at street level. Beyond its architectural features, the tower's true distinguishing characteristic lies in its immediate surroundings. Direct access to cafes, restaurants, shops, and everyday services fosters a more dynamic and human work environment. From a business perspective, this integration serves as a tool for attracting and retaining talent, an increasingly important factor in today's corporate culture. Being able to have lunch on a terrace, grab a coffee between meetings, or handle tasks without leaving the workspace transforms the daily routine into a more fluid and productive experience. Firms such as Mersán Abogados, Petrosur, and Capasu have already confirmed their presence in the tower, while the developer group's track record supports the model's strength: the first corporate tower linked to Shopping Mariscal houses Banco Atlas, LG Electronics, Cadiem Casa de Bolsa, and Fortaleza, among other leading companies. This ecosystem consolidates the area as a growing corporate hub, with an occupancy profile that combines professional, financial, technological, and business consulting services, reflecting the maturity of the high-end office segment in Paraguay. With the handover of the corporate offices beginning in October, Central Mariscal marks a milestone in the transformation of Shopping Mariscal into a complete urban district. The addition of offices, restaurants, and retail reinforces a strategy that transcends the scale of a traditional shopping center to become a vibrant hub of activity, both day and night. The interconnectedness of the complex's various components—offices, residences, retail, and cultural spaces—creates a vision for the city where proximity and functional integration replace fragmentation and dispersion. Each element complements the others, generating a balance between productivity, leisure, and community. This evolution confirms the central role of the complex and positions Central Mariscal as a benchmark for the new cycle of urban development in Asunción. Its contribution is not measured solely in terms of built area, but also in its capacity to redefine the urban experience, promoting a more connected, accessible city model that is more mindful of its human scale. The Mariscal Urban Center embodies the trend guiding Latin America's most dynamic capitals: thoughtful densification, meaningful integration, and purposeful living. In the heart of Recoleta, the great heart of Asunción beats with renewed intensity.

REALPY Desarrollos presented its new project in Recoleta, a modern and functional building that combines design, technology and a strategic location in one of the fastest growing areas of Asunción. Last night, REALPY Desarrollos officially launched Aires de Gaulle, its new residential project in the Recoleta neighborhood, marking a new milestone in the evolution of an area that is consolidating itself as one of Asunción's main centers of growth and appreciation. The event took place at La Cuadrita, a gastronomic and social hub that symbolizes the dynamism of the area, in keeping with the development's philosophy: living close to everything, with comfort, technology, and contemporary design. Guillermo Rotela, Commercial Manager at REALPY Desarrollos Conceived under the concept of a warm, vital and moving air, a metaphor for the Paraguayan spirit, Aires de Gaulle proposes a new way of inhabiting the city, where functionality, home automation and strategic location are integrated into a clear value proposition: live intelligently, invest with vision. The project comprises 63 units distributed among studios, one-bedroom, and two-bedroom apartments, all with balconies and private laundry facilities. The studios, ranging from 28 to 31.5 m², were designed to maximize space efficiency; the one-bedroom units, of 39 and 50 m², and the two-bedroom units, up to 80 m², incorporate private grills and home automation systems that connect to Alexa Home and feature smart locks, providing comfort and security adapted to new urban lifestyles. In terms of infrastructure, the building will feature two state-of-the-art TKE elevators and a selection of premium amenities that cater to both residential living and the pursuit of holistic well-being: an infinity pool with hydromassage, a spa with sauna and massage room, a fully equipped gym, gourmet barbecue areas, a coworking space, a mini-cinema, a game room, a terrace with a fire pit, a children's play area, and a restaurant on the ground floor facing Charles de Gaulle Avenue. The complex thus balances residential use with a high-quality service and entertainment offering within a compact and efficient design. Pre-sales of the project have exceeded 40% of the units before the official launch, a figure that reflects market confidence in the REALPY brand and the positive reception of the proposal. Investors highlight the sustained profitability, low maintenance, and construction quality, while young buyers particularly value the strategic location, functional design, and technological integration that distinguish the project within the upper-middle segment. With prices starting at $42,420 and 30-month financing, the project offers an accessible and attractive opportunity for both first-time homebuyers and those prioritizing investments with appreciation potential. Aires de Gaulle stands out in its segment by offering a rare combination of moderate pricing, superior construction quality, fully equipped and automated units, and a wide range of amenities that enhance the overall value. All of this in a strategic location in Recoleta, ideal for both living and ensuring excellent returns. Located at the corner of Charles de Gaulle and Mac Mahon, Aires de Gaulle is situated within an urban environment that has experienced a surge in recent years. The Recoleta neighborhood has established itself as one of Asunción's fastest-growing, most developed, and most valuable areas, driven by its proximity to the Mariscal district, its connectivity to major thoroughfares, and the consolidation of La Cuadrita as a gastronomic and social hub. This urban ecosystem, which blends neighborhood tradition with modernity, has become a magnet for local and foreign investors who recognize its potential for medium- and long-term appreciation. In this context, Aires de Gaulle fits naturally into the picture as a modern, profitable, and forward-thinking project that combines location, technology, and comfort in a format that responds to both housing demand and new urban investment strategies. According to the developers, construction is scheduled to begin in December 2025, with an estimated delivery date of December 2027, maintaining the standards of compliance, efficiency, and quality that characterize REALPY Desarrollos. The company thus reaffirms its commitment to consolidating Recoleta as one of the epicenters of urban development in the capital. Following the success of Aires Recoleta , its first project launched in 2024 and completely sold out, the firm continues to expand its portfolio with new developments to be announced during the first half of 2026. Among them, one will be developed outside of Asunción, marking the beginning of a territorial expansion strategy aimed at replicating the brand's model of quality and sustainability in other cities across the country. The construction of Aires de Gaulle will be carried out by Altanova, a Paraguayan company established in April 2013 with extensive experience in civil works and real estate developments. Its motto, “With quality and technical excellence,” summarizes a philosophy that prioritizes rigorous adherence to construction standards and the satisfaction of the end customer. Aires de Gaulle ultimately symbolizes the evolution of the contemporary residential model in Asunción: a building that combines design, technology, profitability, and quality of life in a neighborhood that is growing with its own distinct identity. In a market where the balance between investment and well-being is increasingly crucial, REALPY Desarrollos once again demonstrates that modernity and profitability can, and should, coexist in the same project.