The recent rise of the dollar in Paraguay, which surpassed the 8,000 pesos per dollar barrier in the first quarter of 2025, has generated significant implications for the local real estate market. This sustained appreciation of the dollar, despite interventions by the Central Bank of Paraguay (BCP), is redefining the dynamics for both local buyers and foreign investors. According to current data, most Latin American currencies are expected to depreciate against the dollar from the beginning of 2025. The Brazilian real and Chilean peso are down 7.1%, while the Colombian peso is down 6.2%, and the Uruguayan peso is down 4.4%. The Peruvian sol and Mexican peso are also down 3.1% and 3.4%, respectively. In contrast, the Argentine peso, both in its official and CCL versions, is up 3.8% and 8.9%, respectively. Internationally, the euro and pound sterling are down 3.9% and 3.0%, while the Japanese yen and dollar index are down 4.2% and 3.6%. The BCP has attempted to contain the exchange rate escalation by selling or injecting foreign currency totaling USD 1.549 billion in 2024, and USD 201 million in the first two months of 2025 alone. It has also announced that it will continue its presence in the foreign exchange market with daily sales of USD 15 million starting March 27, 2025. Despite these efforts, the rising dollar continues to directly impact a real estate market where most properties are priced and transacted in dollars. The most immediate impact of the rising dollar is the increased cost of housing for local buyers, whose income and savings are denominated in guaraníes. Since most properties are priced in dollars, the cost of purchasing has skyrocketed in guaraníes, making it difficult for local buyers to access properties. This situation also directly affects those seeking financing for home purchases, as mortgage payments denominated in dollars become more expensive in guaraníes. Even when mortgage loans are granted in local currency, the exchange rate fluctuation increases the final amount payable for those who must cover commitments denominated in dollars. This situation also affects the down payments that buyers must put together to complete the purchase, as the rising exchange rate makes accumulating the capital necessary to acquire properties more expensive. The rental market reflects this dynamic, as most residential and commercial rents are priced in dollars. This reality means that local tenants now face higher costs to maintain their leases, creating additional economic pressure for those who rely on income in guaraníes. This situation could lead to a migration to cheaper properties or to peripheral areas, which in turn could increase demand for properties with rents denominated in guaraníes, affecting profitability for owners who have chosen to maintain their contracts in local currency. The secondary market also faces significant risks in this new context. The decline in local purchasing power and the rising price of properties in dollar terms could slow property turnover in the secondary market. This could lead to a buildup of inventory and affect resale dynamics, reducing market liquidity and lengthening time to market. For real estate developers, the impact of the rising dollar is less drastic, given that most projects are priced and marketed in dollars. Although developers do not face a direct impact on dollar pricing, the ability of local buyers to acquire properties may significantly decrease, which could slow sales and increase the time it takes to fill available units. This situation is leading some developers to adopt more conservative approaches when launching new projects, prioritizing financial viability and risk diversification in an environment marked by currency volatility. The Paraguayan market remains highly attractive for investors who manage capital in dollars. Since property prices remain stable in dollars, these investors do not face the same impact as local buyers and can benefit from the stability of their asset values. The ability to maintain their investments in dollars allows them to protect their capital from the depreciation of the guaraní and ensure stable income through rental contracts in dollars. Furthermore, in a regional context where several Latin American countries face high inflation rates and a constant devaluation of their currencies against the dollar, Paraguay is positioned as a safe option for safeguarding capital. The dollarized real estate market acts as a shield against loss of value, allowing investors to preserve their assets and generate attractive returns in a volatile economic environment. This combination of exchange rate stability and investment opportunities positions the Paraguayan real estate sector as a solid alternative for those seeking to protect their capital in a context of economic uncertainty. In this context, the key to mitigating risks and maintaining profitability lies in the ability of developers, real estate agents, and investors to proactively adjust their strategies. The flexibility to offer financing in guaraníes, adapt pre-sale models, and diversify property portfolios will be critical to respond to a changing environment. At the same time, property owners will need to carefully evaluate whether to continue pricing in dollars or adjust their contracts to appeal to a broader segment of the local market. The Paraguayan real estate market is at a crossroads. While the strong dollar represents significant obstacles for local buyers and tenants, it also offers strategic opportunities for investors seeking to position themselves in an emerging market or to safeguard capital and protect it from devaluation. Developers' ability to adapt their sales, financing, and pre-sale strategies will be key to maintaining market dynamism in this new economic context. The current outlook demands greater strategic planning and a differentiated approach to serve both local buyers and foreign investors. The balance between offering viable options in guaraníes for the local market and keeping projects attractive to dollar-denominated investors will be crucial to ensuring the stability and growth of the real estate sector in Paraguay in the coming years.

Starting June 2, 2025, all applications for cadastral certification in Paraguay must be processed exclusively in digital format through the Electronic File System (SIEE), as announced by the Ministry of Economy and Finance (MEF). This measure marks a new milestone in the modernization process of the National Cadastre Service (SNC) and puts an end to the acceptance of paper applications, which will be accepted only until May 30 of the same year. The cadastral certificate is an essential document in real estate transactions in the country. It certifies the physical, legal, and economic data of a property, such as its location, surface area, cadastral value, and use, among others. Its presentation is mandatory in deeds involving the creation, transfer, or modification of real estate rights, and the information contained therein must be reflected in said notarial documents. The decision to move toward complete digitalization of the process is part of MH Resolution No. 207/2018, which authorizes the use of electronic signatures, digital signatures, and electronic files in the SNC's administrative processes. This transformation not only seeks to modernize the service but also to reduce paper use within the State, in compliance with Law No. 6562/2020. In preparation for this implementation, the Directorate General of the National Cadastre Service urges authorized public notaries who do not yet have a SIEE user account to register before June 1, 2025. The goal is to ensure a smooth transition to the new digital system and avoid setbacks in the processing of key documents for the real estate market. The Ministry of Economy and Finance (MEF) assures that, thanks to this digitalization, the issuance of the cadastral certificate can be completed within a maximum of two to three business days, with greater traceability, efficiency, and transparency. Furthermore, SNC Resolution No. 637/2019 remains in effect, which provides for the exemption from payment of fees for files processed through the electronic system, in the event that a certification is rejected due to an error attributable to the institution. In such cases, professionals can contact the entity directly via email at sncdigital@hacienda.gov.py . This firm step toward digitalization consolidates the Paraguayan government's intention to modernize and streamline processes in the real estate ecosystem, while strengthening transparency and security in real estate transactions. For developers, notaries, agents, and buyers, the implementation of this system promises a substantial improvement in the time and operational efficiency of one of the most important processes in the sector.

The Government of Paraguay and the Inter-American Development Bank (IDB) signed a USD 154 million loan agreement yesterday to finance the ambitious Ypacaraí Lake Basin Sanitation Program, a large-scale project that seeks to reverse decades of environmental degradation in one of the country's main freshwater reserves. This effort, led by the Ministry of Public Works and Communications (MOPC), aims to improve the basin's environmental conditions and ensure sustainable, climate-resilient, and low-carbon development, while promoting access to thematic and green debt markets for the water and sanitation sector. The program includes a series of strategic interventions to increase sanitary sewer coverage, improve wastewater treatment, and restore environmentally degraded areas. Specific actions include the construction of 370 km of sewer networks, 48 km of pumping lines, pumping stations, and a wastewater treatment plant equipped for nutrient removal. These works will directly benefit more than 27,000 households in priority areas of Capiatá, Itauguá, Areguá, and San Bernardino, and will generally improve the quality of life of approximately 800,000 people throughout the basin. In addition, the pumping line connecting to the San Bernardino Wastewater Treatment Plant will be reconstructed, allowing for more efficient management of liquid waste in the area. One of the program's core focuses is the restoration of environmentally degraded areas, which involves implementing measures to reduce pollution from industrial and diffuse sources. This includes industrial restructuring plans and the adoption of stricter regulations to prevent future pollution in the watershed. These actions, along with the regulation of industrial discharges and proper solid waste management, will significantly contribute to restoring the ecological health of Lake Ypacaraí, which has suffered a progressive degradation process due to human activity and the lack of an efficient sanitation system in the region. To ensure the sustainability of these investments, the program also aims to improve the management of water and sanitation services in prioritized areas. This includes strengthening the technical and operational capacities of service providers, ensuring that the implemented infrastructure operates efficiently and sustainably over the long term. Furthermore, institutional strengthening of the Ministry of Public Works (MOPC), which will receive support to optimize the management of the Ypacaraí Lake watershed, design climate- and nature-oriented investments, and establish effective monitoring, reporting, and verification (MRV) mechanisms to assess the program's impact on climate and biodiversity. Funding for the program comes from IDB Climate, an initiative of the Inter-American Development Bank aimed at promoting sustainable development projects in Latin America and the Caribbean. Paraguay is one of the first adopters of this program, which allows it to access a 5% benefit on the loan subsidy, conditional on meeting specific environmental recovery objectives. This incentive reinforces the country's commitment to achieving climate and environmental goals aligned with international standards and strengthens its position in green debt markets. Parque Nacional Ypacaraí The IDB Climate Program adopts an innovative approach that seeks to link environmental investments with measurable results in terms of carbon emissions reduction, climate resilience, and biodiversity preservation. This positions Paraguay as a leader in the implementation of sustainable environmental projects in the region and lays the groundwork for future green infrastructure projects. The program's impact goes beyond the lake's environmental restoration. By significantly improving the environmental conditions of the Ypacaraí Lake basin, it will also boost the real estate value of the surrounding areas, increasing their attractiveness for residential, tourist, and commercial development. Infrastructure and sanitation improvements, along with a restored natural environment, will position cities like San Bernardino, Areguá, and Capiatá as highly attractive investment hubs for national and international developers. The Minister of Public Works, Claudia Centurión, highlighted the historic importance of the project: "Lake Ypacaraí will once again be the blue lake we all dream of, a heritage of all Paraguayans and a part of our identity." The contract signing took place in Santiago, Chile, during the annual meeting of the IDB Board of Governors, where the Minister of Economy and Finance, Carlos Fernández, and the IDB President, Ilan Goldfajn, formalized their commitment to the program's implementation. This IDB-approved financing is also part of a broader agreement reached during the 2023 COP in Dubai, where Paraguay and the IDB agreed on two budget lines of USD 778 million for sustainable development projects in infrastructure, energy transition, and water resource management. These funds will not only improve the water quality of Lake Ypacaraí, but also strengthen the country's institutional capacity to design and manage sustainable environmental projects. The Ypacaraí Lake Basin Cleanup Program represents a historic opportunity to reverse the environmental degradation of the lake and its surrounding areas. The implementation of these actions will not only ensure the preservation of this emblematic natural resource but will also lay the foundation for a more efficient and sustainable environmental management model. With this investment, Paraguay reaffirms its commitment to sustainable development, climate resilience, and the promotion of a cleaner and healthier environment for future generations. The transformation of Lake Ypacaraí will not only restore its natural splendor but will also have a positive impact on the local and national economy, boosting tourism, attracting investment, and promoting more balanced and responsible urban development. The commitment of the Government and the IDB is clear: to restore Lake Ypacaraí's natural beauty and ecological value, while ensuring that this restoration translates into tangible benefits for the entire community.

The data center market in Paraguay is undergoing a period of development and growth. Although current infrastructure is limited, the country's structural conditions—such as its low-cost renewable energy, incentives for foreign investment, and strategic geographic location—position it as an ideal candidate to become a regional digital hub. Currently, Paraguay has an estimated installed capacity of just 1 to 2 megawatts (MW) for data centers available to the business sector. This figure excludes both cryptocurrency mining operations—which can exceed 50 MW—and the internal facilities of banks and public agencies. The main operational centers are: Tigo Business (Villa Elisa): The only Tier III-certified data center in Paraguay, offering colocation and business continuity services. IPXON Asunción 1 and 2: structures equivalent to Tier III, although they do not have official certification. This capacity is insufficient even to cover a minimum functional base, estimated at 3 to 5 MW in 2025. Countries with similar characteristics, such as Uruguay, already have this scale. In digital growth scenarios, Paraguay will require between 5 and 10 MW by 2027, and up to 20 MW if it positions itself as a regional edge computing and disaster recovery service provider for Mercosur. Why is the need for data centers growing? Paraguay is experiencing a significant expansion of its digital business ecosystem. Several sectors are experiencing accelerated growth rates, increasing the demand for technological infrastructure. The software market is projected to grow by 5.68% annually until 2029. Digital commerce is projected to grow by 22.69% annually until 2029, while e-commerce revenue is projected to increase by 9.64% annually to reach USD 2.27 billion in 2029. Enterprise software is projected to grow by 7.04% annually, and digital investments are projected to increase by 6.75% annually. Furthermore, the digital health sector is projected to grow by 49.17% between 2024 and 2029. This dynamic of digital expansion is putting direct pressure on the need for modern and secure data centers within the country. The digital transformation experienced by businesses, the public sector, and society in general is driving unprecedented demand for data storage, processing, and security. This phenomenon is fueled by the rise of e-commerce and remote work, which require fast connections and low-latency cloud services. Added to this is the digitalization of the state and the financial system, which require stable, scalable, and secure platforms to operate efficiently. Furthermore, the growth of the data-driven economy demands that companies make decisions in real time, which requires infrastructure capable of ensuring high availability and redundancy. Finally, the need for digital sovereignty is becoming increasingly urgent, as relying on foreign servers to manage sensitive or strategic information entails technological and geopolitical risks. A modern data center allows for hosting business servers and applications in controlled environments, with redundant power, specialized cooling, and high-level physical and digital security. In this sense, data centers become a critical component of the economic infrastructure of any country aspiring to integrate into the global digital economy. Latent demand and infrastructure leakage Currently, most large Paraguayan companies and SMEs host their digital infrastructure in data centers in Brazil or Argentina due to the scarcity of local options. This leakage represents a loss in digital sovereignty, business opportunities, and real estate investment. It is estimated that if only 20% of this demand were repatriated, the country would need between 2 and 4 MW of additional installed capacity. Despite the growth of cloud services—which will reach USD 155.5 million by 2025, with an estimated 19% annual growth rate through 2029—the physical data center market remains significant, with projected revenues of USD 83.85 million by 2024, according to Statista. Many companies still require hybrid solutions or on-premises infrastructure for reasons of latency, security, or regulatory compliance. Structural conditions that favor investment Paraguay offers one of the most competitive energy rates in Latin America, with industrial prices between USD $0.03 and $0.05 per kWh, and a 100% renewable energy matrix based on hydroelectric generation (Itaipu and Yacyretá). This is complemented by a 4G network with full national coverage and a projected average connection speed of over 53,000 kbps by 2025. Furthermore, the government is promoting public policies and incentives to attract technological investment. An example of this approach is the construction of the first state-owned data center, led by SENATICs, which will house critical state infrastructure in Asunción. Although still under development, this project aims to guarantee digital sovereignty and reduce dependence on foreign infrastructure. An opportunity for the real estate and technology sectors The evolution of the data center market represents a concrete opportunity for the local real estate sector: demand will increase for land suitable for technological use, with good fiber optic connectivity, reliable electrical access, and efficient cooling conditions. The cities of Asunción and regions near hydroelectric dams, such as Hernandarias, are emerging as strategic hubs. Conclusion: a nascent market with high potential The data center market in Paraguay is still in its infancy, but the foundations for expansion are solid. With planning, investment, and public-private partnerships, Paraguay has the potential not only to close its internal digital divide but also to become a key regional player in technological infrastructure. For real estate investors, operators, and developers, the time to explore this sector is no

The Sheraton Asunción Hotel, one of the flagship hotels in Paraguay, is undergoing an ambitious renovation that began three months ago and represents one of the most significant architectural interventions in the recent history of the country's hotel sector. The goal is not only to update its infrastructure but also to redefine its role in the urban fabric, integrating it more actively into the social, business, and cultural life of Asunción. The project, led by the international studio Gómez Platero Arquitectura y Urbanismo , includes a comprehensive renovation of strategic spaces in the building: the lobby, the main restaurant, the entrances to the ballroom, the hallways and rooms, as well as the rooftop that houses the pool, the bar, and the gym. In addition, an 80 m² expansion of the event rooms is planned, with the aim of increasing their capacity to host regional and international meetings. This renovation comes at a key moment, with Asunción positioning itself as the host of major events such as the 75th FIFA Ordinary Congress and the Junior Pan American Games. Although the building's original structure is preserved, the architectural proposal redefines its identity through new materials and a more functional spatial layout. The design focuses on opening spaces to the urban environment, blurring the boundaries between public and private, in a commitment to permeable, contemporary, and welcoming architecture. This approach seeks to make the Sheraton not just a hotel, but a daily meeting point for the city's residents and visitors. One of the most visible aspects of this transformation is found in the main entrance, which was redesigned with a large pergola that improves the thermal comfort of the entrance, provides shade, and simultaneously functions as a symbolic threshold between the city and the hotel interior. This new structure reinforces the visual and physical connection with the urban space. Inside, the lobby was completely renovated. The traditional curved staircase was replaced with a lighter, more contemporary structure that articulates the triple height between the ground floor and the first level. A skylight floods the space with natural light, visually connecting the reception with the entrances to the ballroom and event services area. This decision not only improves lighting but also the visitor's spatial experience. The new check-in counter incorporates individual stations with a semi-open design, designed for more personalized and streamlined service. In front of it, a decorative panel made with repurposed ñandutí pieces provides a strong local identity and pays homage to Paraguayan craftsmanship in a setting with a sober and modern aesthetic. Just steps away, living areas for waiting and relaxing are located alongside coworking areas and multipurpose spaces. These areas respond to the changing demands of corporate travelers and locals, offering warm and functional environments for working, socializing, or simply relaxing. The restaurant, located on the ground floor, also underwent a thorough renovation. Conceived as a flexible and dynamic space, it allows for various furniture configurations depending on the time of day. The buffet area was reorganized to improve flow and functionality, a private room was created for more intimate gatherings, and tables were added to the outdoor gallery, facing toward green areas. At night, the restaurant is transformed by a hidden bar that is activated during the evening, creating a more intimate and sophisticated atmosphere, with references to local design and warm lighting that invites you to linger. On the rooftop, the gym was relocated to create an exclusive club lounge for members of the chain's loyalty program. The reorganization of the space optimizes views, allows for better circulation, and reconfigures the pool and bar areas to accommodate different types of events. Modular furniture and landscaping with native plants reinforce the relaxed and versatile nature of the space, designed for both daytime and nighttime experiences. As for the guest rooms, the renovation does not include an increase in accommodation capacity, but rather a complete update of the flooring, furniture, and lighting. The design was designed with a simple and timeless aesthetic, prioritizing guest comfort through the use of acoustic materials, high-quality textiles, and warm wood details. The hallways, meanwhile, adopted a neutral color palette with flooring that maintains a visual consistency with the rest of the building. The entire interior design is inspired by a contemporary reinterpretation of traditional Paraguayan elements. Fine materials such as stone, wood, and clay pottery, as well as native textiles, were used, integrating local art and custom-designed furniture to create a unique sensorial experience. The result is an elegant, sophisticated atmosphere deeply rooted in the country's cultural identity. The renovation will continue until July 31, 2025, with a partial reopening planned for the end of April. This renovation positions the Sheraton Asunción among the leading names in South American hospitality, not only as a tourist and corporate destination, but also as a new hub for cultural, social, and gastronomic activity in the Paraguayan capital. The renovation of the Sheraton Asunción faithfully reflects the architectural vision of Gómez Platero Arquitectura y Urbanismo , a Uruguay-based firm with international reach. Recognized for their human and urban approach, their projects are characterized by generating collective value, revitalizing existing structures, and integrating the natural with the built environment. With an interdisciplinary team of more than 250 professionals, the studio is committed to an architecture that not only beautifies, but also transforms: an architecture that generates connections, promotes well-being, and activates the city. This project in Asunción encapsulates that commitment, positioning the hotel as a new benchmark in the relationship between design, functionality, and the urban environment.

The Agreement to Avoid Double Taxation and Prevent Tax Evasion or Avoidance (DTA) between Paraguay and Spain, signed on March 25, 2023, entered into force on October 14, 2024, and its tax effects began to apply as of January 1, 2025. This agreement has a significant impact on the taxation of Spanish investors in Paraguay, especially in the real estate sector, providing greater legal certainty, reducing duplicate tax burdens, and encouraging foreign direct investment in real estate. Palacete Peris, headquarters of the Embassy of Spain in Paraguay. Article 6 of the CDI addresses the taxation of real estate income and stipulates that income from real estate located in Paraguay, obtained by Spanish residents, will be subject to tax in Paraguay. This includes income from rentals, leases, or any other form of exploitation of the property, whether residential, commercial, or industrial. However, to avoid double taxation, Spanish investors may deduct the taxes paid in Paraguay when filing taxes in Spain. In other words, although these incomes will be taxed locally, Spanish investors will not have to pay additional taxes on those same income in their country of residence, offering significant tax relief for those investing in Paraguayan properties. Article 13 of the CDI addresses capital gains derived from the sale of real estate located in Paraguay. When a Spanish investor sells a property in Paraguay, the profits generated may be taxed in Paraguay. Furthermore, if these gains arise from the sale of shares or interests whose value is derived, directly or indirectly, from more than 50% of real estate located in Paraguay, they will also be subject to Paraguayan taxation. This is especially relevant for developers or investors who structure their operations through corporate vehicles whose principal investments are real estate. The advantage for these investors is that they will be able to deduct the tax paid in Paraguay when filing their tax returns in Spain, ensuring that there is no duplicate tax burden. Article 10 of the CDI regulates the withholding of taxes on dividends distributed by Paraguayan companies to residents in Spain. If a Paraguayan company distributes dividends to a Spanish company that owns at least 50% of the capital of the Paraguayan company for at least 365 consecutive days, the maximum applicable withholding will be 5% of the gross amount of the dividends. In cases where the shareholding is less than 50%, the withholding may not exceed 10%. This provision is especially advantageous for investors who participate in real estate projects through Paraguayan companies, as it allows for the repatriation of profits with a reduced withholding tax, thus improving the net profitability of their investments. Article 11 of the CDI also addresses interest derived from investments and establishes that interest paid from Paraguay to residents in Spain may be subject to a withholding tax not exceeding 10% of the gross amount. This primarily affects investors who finance real estate projects through loans or structured financing schemes. The reduction in withholding tax allows these investors to optimize their financial flows and minimize associated costs. Furthermore, Article 26 of the CDI introduces a mechanism for the exchange of tax information between the tax authorities of Paraguay and Spain. This exchange ensures greater transparency and reduces the risk of tax evasion in cross-border transactions. For real estate investors, this means operating in a safer and more predictable environment, where regulatory compliance and proper income reporting become key factors in avoiding tax risks and maintaining confidence in their investments. Direct Impact of the CDI on the Paraguayan Real Estate Market The elimination of double taxation and the reduction of withholding rates encourage the influx of Spanish capital into the Paraguayan real estate market. This new tax framework makes Paraguay more attractive to Spanish developers seeking to diversify their portfolios and explore opportunities in emerging markets with high growth potential. The legal security offered by the agreement also allows for the execution of large-scale projects, such as mixed-use developments, shopping centers, and residential developments, increasing Paraguay's competitiveness as a destination for real estate investment. The CDI also promotes the creation of strategic alliances between Paraguayan and Spanish companies, facilitating the transfer of technology, know-how, and best practices. This synergy fosters the development of innovative projects that can be executed more efficiently and with lower tax risks, further invigorating the Paraguayan real estate sector. Furthermore, by strengthening tax cooperation between the two countries, the agreement contributes to an environment of greater transparency and market formalization, which increases investor confidence and consolidates Paraguay as a reliable destination for foreign capital. Opportunities for Investors and Developers The agreement offers significant opportunities for Spanish investors seeking to diversify their real estate portfolio in Paraguay. The reduction in the tax burden on dividend distributions and the possibility of avoiding double taxation through tax credits allow for optimized investment returns. For developers, this means the ability to more easily attract foreign capital, offering competitive and predictable tax conditions. Investors who properly structure their transactions under this new framework will be able to maximize tax benefits and minimize tax risks. On the other hand, Paraguayan developers wishing to attract Spanish investors must adequately structure their projects to offer favorable tax conditions. This means considering the incorporation of companies with foreign participation that can benefit from reductions in withholding taxes on dividends and other passive income, optimizing the tax burden for all involved. The Double Taxation Agreement between Paraguay and Spain represents a historic opportunity to boost the Paraguayan real estate sector and position the country as a competitive destination for foreign investment. By eliminating tax barriers, guaranteeing a secure legal environment, and promoting tax transparency, this agreement establishes the ideal conditions for Spanish investors to actively participate in the growth of the Paraguayan real estate market. With its tax effects applicable as of January 1, 2025, the agreement opens the door to a new era of opportunities for the development of high-impact real estate projects and for the consolidation of Paraguay as a key hub for real estate investment in the region.

The capital of Paraguay is advancing toward a profound urban transformation with the implementation of an unprecedented technological interconnection between the Asunción Municipality's Traffic Management Center (ATMS) and the Ministry of the Interior's 911 system. This initiative, part of a comprehensive urban modernization strategy, aims to concretely improve citizen safety, traffic efficiency, and emergency response capacity, consolidating a safer, more connected, and smarter city model. The integration process was officially presented during an event at the National Police's 911 Monitoring System, attended by key authorities such as Mayor Óscar Rodríguez and the Director General of Technology for the Ministry of the Interior, Rubén Darío González. Also present were representatives from the National Police, technical teams from both institutions, and experts in the field of technology applied to urban management. This joint effort represents the culmination of a complex technical process that involved the implementation of fiber optic connectivity infrastructure, server upgrades, synchronization of digital platforms, and security protocols for the shared management of images and data. This connectivity now allows both institutions to have real-time access to recordings and transmissions from cameras installed at various strategic points throughout the city. Currently, the Municipality of Asunción operates a network of approximately 230 video surveillance cameras, distributed at major intersections, avenues, and high-traffic areas. The 911 System has approximately 600 operational cameras, covering sensitive points from a public safety perspective, including city entrances, commercial areas, public spaces, and vulnerable sectors. This interconnection achieves coverage of more than 800 active cameras, unified under a coordinated monitoring system. The interoperability of these systems not only allows for greater visual range, but also enables automated alerts and immediate response to emergency situations, such as traffic accidents, robberies, disturbances of public order, or traffic jams. For example, a Traffic Center operator can now detect an incident and report it in real time to the National Police for rapid and targeted intervention. One of the most notable elements of this integration is the advanced technology of the cameras used, many of which are equipped with automatic license plate readers, artificial intelligence-assisted facial detection, and the ability to identify movement patterns. These features enable intelligent reading of the urban environment, generating proactive alerts and facilitating investigation processes in cases of complex crimes or events. Furthermore, it is projected that these tools will be able to be integrated in the future with national and international databases, strengthening the fight against organized crime and immigration control in urban areas. From the perspective of urban planning and real estate development, this progress generates greater confidence in the city as a safe space, which is key to the revival of areas like Asunción's Historic Center, which seeks to establish itself as a residential, gastronomic, cultural, and tourist attraction. A city where citizens can walk freely, access restaurants or outdoor events, and move safely through well-monitored streets and avenues is a more vibrant, more humane, and more attractive city for investment. The impact of this interconnection also extends to the field of urban mobility, as the ATMS not only manages cameras but also the smart traffic light network, enabling rapid and coordinated decisions in the event of traffic disruptions, detours, mass events, or adverse weather conditions. This coordination improves traffic flow, reduces travel times, and contributes to reducing the urban stress that affects thousands of drivers and pedestrians every day. The medium-term vision includes the addition of new cameras, strengthening communication channels between institutions, and ongoing training for technical and operational staff. The possibility of integrating mobile applications for citizens to report incidents and connect directly to monitoring systems is also being analyzed, creating an urban ecosystem where citizens actively participate in the care and surveillance of public spaces. Ultimately, the interconnection between the 911 camera system and the ATMS is not just a technical improvement; it's a profound reconfiguration of the way the city is understood and managed. It marks the beginning of a new era where security, mobility, and information come together to provide faster, more humane, and more effective responses to the daily needs of Asunción residents and visitors. This action represents a concrete step toward a smarter, more resilient, and more inclusive Asunción, where technology serves people and their right to a better life.

In an event marking a new chapter in the urban development of Alto Paraná, the groundbreaking ceremony was held today for the Riviere building, a luxury residential project to be built in the new commercial district of the Paraná Country Club, thus consolidating an urban vision that aims for a deeper integration of modern infrastructure, efficient residential living, and the natural environment. With an estimated construction duration of two years and six months, Riviere is scheduled for completion in July 2027. From its conceptual stage, the project was conceived as a response to the new housing demands of a public seeking to combine quality of life, contemporary design, functionality, and a strategic location within a safe and well-established environment. The building will be built on a 2,000-square-meter lot within the new extension of the Paraná Country Club commercial district, in an area that until now had not been used for residential purposes. This particular location gives Riviere a distinctive quality: the direct encounter between the Paraná River, one of the world's most powerful rivers, and an architectural structure that seeks to engage with its geography rather than impose itself upon it. This riverbank, which until recently was restricted access, is thus transformed into a new meeting point for nature, urban planning, and housing. Riviere will feature 30 residential units spread across four living levels, with a ground floor dedicated to communal areas. The typologies were carefully developed to meet different resident profiles. It includes penthouses measuring 295 m², three-bedroom apartments measuring 205 m² and 195 m², as well as two-bedroom units measuring 137 m², 117 m², and 147 m². The dimensions not only express spaciousness, but also a spatial optimization that seeks to generate versatile, comfortable interiors adaptable to diverse living styles. Each unit was designed with special attention to detail: en-suite bedrooms, spacious balconies with barbecue grills, a separate service area, a guest bathroom, fully equipped kitchens, and air-conditioned rooms. The apartments will be delivered semi-furnished, allowing owners immediate occupancy without sacrificing the ability to personalize their spaces. The interior design was not only conceived in terms of aesthetics, but also in terms of privacy, functionality, and efficient use of square footage. The result is a balance between design and livability, where comfort is reflected in practical choices: fluid circulation, natural lighting, cross ventilation, and an open relationship with the surrounding landscape. The building will also integrate an amenities infrastructure geared toward well-being and shared use, while maintaining low noise levels, controlled circulation, and private environments. These common spaces include an event hall, playroom, gym, massage and relaxation room, shared laundry facilities, a perimeter garden, a lobby with reception areas, a staff area, and spaces such as a whisky room and a wine cellar, conceived as extensions of the home for specific moments. Riviere is part of an urban master plan that expands the boundaries of the Paraná Country Club toward the river, creating a new residential center that seeks to redefine the relationship between residents and the river landscape. For the first time, the commercial area of the Country Club is physically connected to the Paraná Riverbank, creating a new pedestrian, commercial, and residential circulation circuit that opens up more diverse and integrated uses. Beyond the scenic value afforded by the river views, the project's location within the Paraná Country Club—considered one of the most exclusive urban developments in the country—provides immediate access to commercial, educational, social, and entertainment infrastructure. This position reinforces Riviere's position as a project aimed at a demanding audience, who value quality construction and easy access to essential services. Riviere offers self-financing options in 30- and 60-month terms. This payment option aims to facilitate the integration of homeowners interested in a medium-term housing solution without compromising quality or location. Behind the project is Metrika, a developer founded in February 2021 by Carlos Jorge Gómez Núñez, Mauricio Segales, and Darío Arce, based in Asunción. The firm currently has three projects under development: Fronterra, in the final stages of partial delivery; Lofty, scheduled for delivery in July 2025; and now Riviere, whose construction begins this month. Although it is a young company, it has managed to quickly position itself thanks to its technical and strategic approach, based on alliances with established firms in the sector. Construction will be carried out by Constructora Gómez Núñez, a Paraguayan company with over 30 years of experience in the field. Its experience has been key to ensuring the project's technical viability, especially considering its location in an area with unique geographical conditions and the need to integrate the design with the natural environment. The architectural design was developed by EST Arquitectura, founded by architect Carlos A. Jiménez, with a track record spanning more than three decades and a portfolio exceeding 100,000 square meters. The studio has been recognized for its sensitive approach to the urban landscape and has received awards such as the "Windows to the Future of Architecture" award from the Center for Arts and Communications of the City of Buenos Aires, as well as the AIA magazine Lifetime Achievement Award. The architectural proposal, the technical support of its developers, and the urban planning that encompasses it make Riviere a significant initiative within the Ciudad del Este real estate landscape. Its development will undoubtedly be a project to watch in the coming years, not only for its residential value but also for its contribution to the orderly and sustainable growth of this region of the country. For more information, you can contact Metrika at +595 981 358 927 .

Ciudad del Este continues to consolidate its position as one of Paraguay's most promising real estate hubs, and the launch of Paseo Boquerón by CRESIA, part of the Codas Vuyk group, is a clear example of this evolution. This new development, conceived with strategic vision and a strong commitment to architectural quality, represents not just a building, but a statement of intent in the city's urban and social growth. Located in a prime location, almost on the waterfront of the iconic Lago de la República, Paseo Boquerón redefines the concept of contemporary living in Ciudad del Este. Its location offers unparalleled views, direct connections to green spaces, and proximity to the city's main hubs, making it an attractive option for both residents and investors seeking high-yield projects with sustained growth. CRESIA's approach is distinguished by its understanding of real estate development as a tool for social transformation. Since its inception, the firm has sought to create spaces that transcend functionality to integrate into the urban fabric, add value to the community, and provide housing solutions that respond to the true needs of the market. Paseo Boquerón is the result of this philosophy: a carefully designed building, with attention to detail, conceived to offer comfort, well-being, and a first-class residential experience. The project's architectural design is inspired by the harmony between the natural and the urban. Its structure incorporates fluid and dynamic lines that evoke the movement of water, a tribute to the city's connection to the Paraná River and Lago de la República. This vision is realized in an 11-story apartment complex, accompanied by two floors of exclusive amenities and three levels of parking, creating a comprehensive complex that emphasizes functionality without sacrificing aesthetics. Paseo Boquerón will feature 84 one- and two-bedroom units, all suitable for temporary rentals, a decision that responds to the growing demand for versatile housing in strategic locations. The building will offer common spaces on two levels, including a coworking space, a study room, a gourmet lounge, and a game room on the first floor. The terrace will feature a barbecue area, a recreational area, a pool with a sundeck, restrooms, and a fully equipped gym. Construction on Paseo Boquerón is scheduled to begin in April 2025, with an estimated duration of 36 months and delivery scheduled for April 2028. Units are available from USD 63,900, with financing available during the construction period. The market response was immediate. In its pre-sale phase, the project achieved 50% of its units, demonstrating buyers' confidence in solid, well-located offerings with high design and execution standards. This success reinforces CRESIA's position in the region, which had already set a precedent with its first development in the city, VIVO Area 1, which now has more than 90% of its units sold. CRESIA is a real estate venture created in partnership between Pridelta Capital SA and Codas Vuyk SA. Its team has a solid background and extensive experience, and its mission goes beyond constructing buildings. CRESIA seeks to connect people with projects, investments with purpose, and spaces with a future. Its vision is based on vertical growth that is not limited to economic or infrastructural progress, but extends to social development. Those who invest in its projects are investing in the future, and the company is committed to making it a reality with every project. With Paseo Boquerón, CRESIA reaffirms its commitment to developing projects that not only enhance the quality of life for its residents but also drive urban growth in Ciudad del Este. The firm continues to work on new developments that are about to be launched, with the firm intention of expanding and continuing to meet the ever-increasing demand for quality spaces. For more information, contact CRESIA at +595 0985 900 622.

Yesterday, the groundbreaking took place for First Morra, an innovative real estate project located in the heart of Villa Morra, one of the most sought-after neighborhoods in the capital. With 88% of the building already sold, this project promises to be a benchmark in the area thanks to its avant-garde design and strategic location. The development consists of 302 apartments distributed in two towers, with 13 levels and up to 12 apartments per floor. It offers a wide range of units, including two-bedroom apartments of 55m² from USD 99,048, 60.3m² from USD 110,455 and 72.3m² from USD 123,867. It also has studio apartments with patios from 40.8m² and a starting price of USD 72,857. In addition, the building will have 120 parking spaces and 46 storage rooms, distributed on two levels. On the ground floor there will be a commercial sector and an elevated private plaza of 800 square meters, providing an exclusive and safe space for residents and visitors. Located on Dr. Morra, between Guido Spano and Olegario Victor Andrade, in the Villa Morra neighborhood, the project is in one of the most privileged areas of Asunción. Villa Morra is characterized by its dynamism, security and proximity to multiple centers of interest, such as universities, restaurants, corporate offices and shopping centers. An innovative aspect of the project is the semi-pedestrian area approved by the municipality, which will transform the urban environment. The road will be raised to the level of the sidewalk and the sidewalks will be widened, allowing more space for pedestrians without interrupting vehicular traffic. This initiative follows a global trend that prioritizes cities designed for people and not just for cars, generating a positive effect in the area. First Morra brings together all the amenities that modern tenants are looking for, guaranteeing quality of life and excellent profitability for investors. Its amenities include two lobbies per tower, barbecue area, coworking, lounge, private meeting room, gym, swimming pool, terrace spaces, rooftop restaurant, children's play area and several commercial premises on the ground floor. The strategic location of this real estate development makes it an excellent option for those looking for an investment with a high return on rent and capital gains. Villa Morra is one of the areas with the highest demand for rentals in Asunción, thanks to its concentration of multinational companies, banks and international organizations. This ensures high profitability for those who invest in properties in this area. First Morra has been conceived as a building in the pipeline, with flexible financing and affordable installments, allowing investors to generate passive income through rent. The developer emphasizes the importance of investing in projects designed from the outset to offer high returns, facilitating the construction of a solid and sustainable heritage. The project has two types of payment plans. The first consists of an initial payment of 30%, 60% in installments during the construction and the remaining 10% in the possession phase. There is also the possibility of paying it in continuous and equal installments throughout the construction, thus facilitating the investment and adapting to the needs of the buyer. The cost of the expenses is planned at USD 1.15 per square meter, a competitive figure considering that the average in buildings of similar category is around USD 1.40 per square meter. The project is scheduled to be completed in March 2028. The project is being carried out by Benítez Bittar Constructora, a company with 34 years of experience in the real estate market. With 526,070 square meters planned in 10 cities and 30 satisfied clients, Benítez Bittar has established itself as a benchmark in the sector. Its commitment to quality, attention to detail and innovation ensures that First Morra will be a milestone in the residential offering of Asunción. With a strategic location in the heart of Villa Morra, an avant-garde design and a wide range of top-level amenities, First Morra is consolidated as an exceptional option for both those seeking a home with quality of life and for investors seeking a high-profit opportunity in Asunción. For more information, you can contact +595 992 823700 .

This morning, the inauguration ceremony of the innovative Livit Santa Teresa real estate project took place, located on Cnel. Cabrera between Santa Teresa and Doutor Guillermo Enciso Velloso, in the traditional neighborhood of Ycua Sati. Designed for investment or residence, this development will offer 66 units in a privileged location, close to the corporate hub and important shopping centers. With 15% of the units sold, construction is estimated to last 30 months, with delivery scheduled for the end of 2027. Livit Santa Teresa seeks to integrate harmoniously into a historic neighborhood without losing the essence of Paraguayan architecture. It is a project that balances investment with environmental preservation, allowing buyers to obtain a good return without compromising the architectural identity of the area. The building will be constructed of brick and will be of moderate height, respecting the concept of community and coexistence characteristic of Paraguay. It will have comfortable spaces for its residents, with a structure that adapts to the country's culture of life. Livit Santa Teresa will offer options for both investors and those looking to settle in the area. Units will include one-, two- and three-bedroom apartments, with areas ranging from 34.82 square meters to 117.67 square meters. Prices start at $69,500 for one-bedroom units without a garage, with an additional $18,000 for a garage. The most exclusive units, located on the upper floors and measuring up to 120 square meters, cost up to $ 188,400 . The price range makes it an attractive option compared to other projects in the area. The project will feature a wide range of amenities designed for the enjoyment and comfort of residents, including a fully equipped gym, swimming pool with solarium, barbecue area, living room with rooftop terrace, laundry and controlled access for greater security. To ensure the safety of buyers and the stability of the project, Livit Santa Teresa will operate under a trust fund managed by Investor Fiduciaria, with the support of Banco Itaú. This mechanism allows to protect clients’ funds and ensures compliance with financial regulations in Paraguay, providing greater confidence to local and international investors. The Livit Santa Teresa project offers payment plans with semi-annual or annual installments, with a 20% down payment for a $2,500 down payment and 80% in up to 30 installments during the construction phase, tailored to the development stage. This approach ensures flexibility and peace of mind for both investors and those looking to plan their future home. In addition, flexible and affordable financing options are offered, backed by an agreement with Banco Itaú. An initial payment of 20% of the sales price is required, while the remaining 80% is financed when the project reaches 90% progress, ensuring immediate delivery upon completion of construction. This scheme includes preferential rates and convenient payment terms, giving buyers the opportunity to structure their payments according to their needs. The development and construction will be carried out by Axion Arquitectura + Ingeniería, a company with a distinguished track record in the Paraguayan real estate sector. The company, led by Adolfo Bieber and Susy Ritter, has extensive experience in the construction of homes, buildings and commercial projects. Livit Santa Teresa is a project by Grupo Leven, formed by Chilean, Uruguayan and Paraguayan investors with extensive experience in real estate projects. With over 30 years in the sector, the group has developed over 300 buildings in Chile and is currently executing five projects in that country. The group intends to continue with new developments in Paraguay, with Livit Pinedo as its next project. For more information about Livit Santa Teresa and to learn more about the investment and financing options available, interested parties can contact Leven Group at +595 972 555505. With this innovative development, Livit Santa Teresa promises to be one of the most attractive options in the real estate market in Asunción, combining location, architecture and financial security in a single project.

As Asunción and the country's economy continue to grow, the demand for corporate space has intensified, reflecting sustained economic dynamism and growing interest from national and international investors. In this context, the Central Bank of Paraguay reported an accumulated growth of the Gross Domestic Product (GDP) of 4.3% in 2024, consolidating the stability of the economic sector. During the period 2003-2023, the Paraguayan economy experienced an average growth of 3.6% per year, outperforming many economies in the region and positioning the country as an attractive destination for investment and business development. This progress allowed Paraguay to achieve the investment grade granted by Moody's in July 2024, strengthening its credibility in international markets. In parallel, the corporate office market in Asunción has shown accelerated growth. By mid-2024, it reached 257,000 m², ranking among the smallest in the region, but with a notable pace of expansion and modernization according to JLL's Latin American Office Market Report. This panorama highlights the potential for growth and consolidation of the corporate real estate sector in the city, driven by the growing demand from companies looking for strategic locations and modern infrastructure. Originally, most of the city's businesses were located in "El Centro" (The Center) of Asunción. The population was concentrated mainly in the center and in surrounding neighborhoods such as Las Mercedes, Barrio Obrero, Ciudad Nueva, and Sajonia. The first large buildings began to be built in 1960, after President Stroessner imposed a higher tax on older houses in the area. From then on, downtown Asunción grew in height until the 1980s, driven by the boom of the Itaipú hydroelectric plant. At the same time, areas previously dominated by large country houses began to be urbanized, such as Los Laureles, Villa Morra, Santísima Trinidad, Las Lomas, and Ycua Satí. The economic crises of 1995 and 2002 impacted the population and corporate activity in downtown Asunción. Companies opted to rent large houses, which were cheaper than offices in corporate buildings. The center began to experience traffic problems, rent increases, and increased insecurity. During the first decade of the 2000s, corporate offices predominated in low-rise buildings and houses adapted to the new urbanized areas of Asunción. In 2010, the company GA&W and the developer Capitalis began the construction of medium-sized corporate buildings on Avenida Aviadores del Chaco, promoting the area as "The New Corporate Axis of Asunción." It was not until 2011, with the announcement of the World Trade Center Asunción, followed by Paseo La Galería in 2013, that the area was consolidated as the main corporate district. Projects such as Sky Park, Park Plaza, Torres AYMAC I, II and III, The Top, Torre Aviadores and Trading Park were later added. Today, this axis houses thousands of companies and offices. Many of the firms that previously operated from homes or downtown Asunción migrated to this area, improving connectivity between collaborators and suppliers, encouraging collaboration and networking. Although growth in square meters has slowed, projects such as Matter and Link Aviadores still bring innovative proposals to the area. In addition, Shopping del Sol, the main shopping, dining and entertainment centre in the area, continues to evolve to adapt to the market. However, new areas of the city are emerging as corporate hubs. Although they have not yet displaced the Corporate Axis, they have attracted the attention of developers and investors. Recoleta/Mariscal neighborhood One of the neighborhoods with the greatest growth in residential and corporate square meters in recent years is the Recoleta neighborhood, also known as the Villa Morra neighborhood. Its corporate development was slower than that of the Corporate Axis, with the first corporate building, Citi Center, inaugurated in 2001. It was not until 2009 when BBVA (now the headquarters of Banco GNB) built the second building in the area, followed in 2012 by Mariscal Center and in 2013 by the Banco Continental building. In 2016, the Mariscal Shopping Center expanded its infrastructure with the addition of Banco Atlas' Atlas Center, its first corporate tower, and in 2017 the Torre de las Américas was inaugurated, strengthening the area's position as a growing business hub. More Mariscal 2022 marked a turning point in the transformation of Recoleta with the launch of Central Mariscal, currently under construction, and the creation of the Mariscal Neighborhood Association. To enhance the area's attractions, a group of businesspeople created the 'Barrio Mariscal', an initiative that has generated a significant impact on the community. For more than two years of joint work, the Mariscal Neighborhood Association has implemented multiple urban improvements to make the area a more accessible and attractive space. These actions include the removal of railings, the modernization of public spaces, the optimization of road signs, as well as the cleaning and continuous maintenance of sidewalks. In addition, interventions have been carried out in the gardens on the public streets and the painting of sidewalk curbs to strengthen the identity and aesthetics of the neighborhood. Thanks to these efforts, Recoleta has established itself as a modern and functional neighborhood, with a dynamic and attractive environment for both residents and businesses. Within this framework of growth, Central Mariscal is emerging as a key project for the consolidation of the district, promoting urban and corporate development in the area. Developed by Altius Group Paraguay, it will include an office building, two MORE residential towers, a gastronomic and commercial promenade, and parking lots, further strengthening the corporate and residential infrastructure of the area. Penta SA, a key investor in the area, has acquired a 14-story office tower, the gastronomic promenade, and 260 parking spaces. Other projects include New World Tower, the future headquarters of AGB, and Asunción Trading Center, with more than 6,000 m2 of offices. Sudameris Bank is also planning a very important corporate building on the corner where Tigo used to operate. With these developments, the Recoleta neighborhood will consolidate itself as a financial and corporate district, increasingly approaching the number of square meters that exist in the Avidores del Chaco Corporate Axis. Perseverance District Distrito Perseverancia, the largest mixed-use complex in the country, will have 10 buildings in the corporate part of the project, including spaces dedicated to offices, hospitality, health, education and services. This development is designed to become a catalytic space, integrating different areas to promote productivity and business well-being. The first tower under construction, La Torre Marfil, will mark the beginning of Distrito Perseverancia's corporate campus. With a design focused on maximizing the corporate experience, improving workplace well-being and stimulating creativity, this building will be a key point within the project. IWG, the world leader in flexible workspaces, will be part of Torre Marfil with its Spaces brand, offering fully equipped offices and coworking areas in Torre Marfil. These spaces are designed to attract start-ups and professionals looking for dynamic and modern work environments. With the arrival of IWG, many smaller companies will find Distrito Perseverancia an ideal environment, as these spaces offer flexible contracts and efficient solutions for growing companies. Torre Marfil en Distrito Perseverancia An example that illustrates the benefits of mixed-use developments is the relocation of Boston Consulting Group (BCG) offices to Hudson Yards in New York. The relocation allowed BCG to increase its collaboration space by 176% and reduce costs per employee by 55%, thanks to more efficient use of space and a modern design. In addition, choosing Hudson Yards allowed them to take advantage of the development’s amenities, such as shopping centers, restaurants, and subway access, becoming an extension of their corporate culture. This case demonstrates that a well-planned mixed-use development, such as Perseverance District, not only improves the employee experience, but also optimizes costs and fosters a more connected and efficient business ecosystem. The Delta El Delta is strategically located between the Remanso Bridge and the Héroes del Chaco Bridge, south of the Transchaco Route. This modern development includes a completed residential neighborhood, two under construction, two finished building complexes and two corporate offices: Alkan and Navis. In addition, it has a shopping center under development and a golf course, consolidating itself as a comprehensive project with multiple services. While El Delta is primarily known for its residential neighborhoods, it is evolving into a growing corporate hub. Its Business Center, located on the banks of the Paraguay River, houses the Alkan, Navis and the future Navis II buildings, offering a strategic environment for national and international companies. In 2021, the zone became the first Free Trade Zone for Services in the country, attracting companies with significant economic benefits thanks to Decree 5965/21. This legal framework allows the developer to attract high value-added service companies, replicating successful models from Costa Rica and Uruguay. Key sectors include biotechnology research, software development, architectural design, technical and financial consulting, along with other activities regulated by current legislation. With a focus on innovation and business growth, El Delta seeks to establish itself as a key hub for corporate and commercial development in the region. As the corporate real estate sector continues to evolve, Paraguay is positioning itself as an increasingly attractive destination for international investment, especially for companies from Bolivia and Argentina looking to expand in a stable and favorable environment. However, the key to the future of the corporate market in Asunción lies not only in the expansion of square meters, but in the ability to offer specialized spaces adapted to the needs of each industry. Global trends indicate that personalization and flexibility of workspaces will be decisive. Hybrid office models, premium coworking and mixed-use developments are marking the future of the sector. In this context, investors and developers have the opportunity to differentiate themselves and innovate, attracting companies looking for strategic, modern and efficient environments. With this development, Asunción will not only consolidate its growth as a business hub in Paraguay, but will also strengthen its position in the region, competing with more developed markets and attracting new investment opportunities. If you’re interested in learning more about the corporate office market in Asunción, seeking the ideal location for your business, or exploring investment opportunities, feel free to contact us at +595 992 823700 or at info@altusterras.com .