On August 8, Mediterránea Paraguay and Icon Houzze celebrated the groundbreaking of their second major project, called "Mallorca." This event, which took place in the Jara neighborhood, was attended by approximately 55 people, including suppliers, colleagues, family, friends and investors. Among the investors, there was an interesting diversity, with participants from Spain, Argentina, Bolivia, Chile and, of course, Paraguay. This launch represents the company's second development in Asunción, after the success of its first project, "Marsella," located in the Las Mercedes neighborhood. One of the distinctive features of Mediterránea Paraguay is its meticulous selection of lots for its developments, always prioritizing a strategic location. The "Mallorca" project is located on Avenida Brasilia, just 60 meters from the Universidad Americana, in the heart of Barrio Jara. This location not only guarantees excellent connectivity, but is also located in one of the most dynamic areas of the city, ideal for a young public, both university and corporate. Barrio Jara is a neighborhood that combines the best of both worlds: a vibrant university life, with more than 12,000 students attending the Universidad Americana in three shifts, and a strong corporate component, with companies such as Grupo Inverto, Grupo Bancard, Banco Sudameris, Banco Itaú and various clinics, including Neolife. This environment makes Barrio Jara an attractive place not only for those looking for a home, but also for those who want to invest in a property with high profitability potential. The "Mallorca" building is distinguished by offering two types of apartments that adapt to the needs of its target audience. On the one hand, there are the studio apartments, which are divided into two versions: the Small Studio Apartment, measuring 26 square meters, and the Studio Apartment with balcony, measuring 33 square meters. These units are designed to be functional and accessible, with prices starting at $42,000, making them a competitive option in the market. On the other hand, there are the one-bedroom units, which occupy the front facade of the building and have a surface area of 51 square meters. These units, ideal for young professionals or couples, are priced from $64,000. This variety of options allows buyers to choose the apartment that best fits their needs and budget. Mediterránea Paraguay has conducted an exhaustive study of the area, analyzing eight competing products located within a radius of less than 800 meters, to provide "Mallorca" with unique characteristics. Focused on a young segment, they have designed amenities that are not common in other developments in the area, and have implemented rigorous security measures to provide peace of mind to their residents. One of the most notable aspects of the "Mallorca" project is the wide range of amenities designed to improve the quality of life of its residents. Towards the main façade of the building on the roof, there is a heated barbecue area and a co-working area, ideal spaces for social or work meetings in a comfortable and modern environment. The building also has a fully equipped laundry room, which includes washing machines and dryers, allowing residents to supply themselves without having to leave the building. On the other rooftop façade, the building offers a swimming pool, a firepit area and a deck that are complemented by a large solarium and an expansion area on the terrace. These spaces have been designed not only for enjoyment, but also to foster an active and healthy community among residents. Security is another fundamental pillar in the design of "Mallorca." The building has three levels of access control. The first filter is located at the entrance on the street; the second, in a first reception area; and the third, in the vertical circulation of the building, where residents must have a PIN or authorization from the doorman to access the common areas and their apartments. This attention to detail in security demonstrates Mediterránea Paraguay's commitment to the protection and privacy of its clients. Mediterránea Paraguay is a young and dynamic company, founded by four Argentine entrepreneurs who decided to bring their experience in real estate development to Paraguay. Each of the partners comes from different parts of Argentina, including Santa Fe, Córdoba and Salta, and all have a solid track record in the real estate sector in their respective home cities. Since its arrival in Paraguay, Mediterránea has demonstrated its ability to identify opportunities and execute high-quality projects. Its first development, "Marsella", located in the Las Mercedes neighborhood, has been a resounding success, with 90% of its units already sold and a delivery date scheduled for December of this year. "Marsella" shares many characteristics with "Mallorca", including the typologies of studio apartments and one-bedroom units, but it also offers two-bedroom apartments, an attractive option for small families or investors looking for larger properties. The success of "Marsella" is largely due to its strategic location and the quality of the product. Located at the highest point of Las Mercedes, the building is surrounded by some 75 commercial premises, making it an epicentre of activity in the area. In addition, like "Mallorca", "Marsella" offers amenities and security measures that add value to the investment. The success of Mediterránea Paraguay would not be possible without the support of Icon Houzze, the partner in charge of the design and construction of its projects. Icon Houzze is a comprehensive architectural studio that was formally established in 2017. Its main partners, Estefanía Pellar and Nicolás Giudici, both architects, have managed to consolidate the company, with more than 25,000 square meters built and designed since its founding. Icon Houzze specializes in high-rise developments and mid-scale housing, offering a comprehensive service that covers everything from design and construction to the equipment and interior decoration of the units. Its ability to manage projects efficiently has allowed "Marsella", Mediterránea Paraguay's first development, to be completed in a record time of 16 months, two months ahead of schedule. Mediterránea Paraguay offers flexible financing options for those wishing to purchase a unit in "Mallorca." Interested parties can opt for a 40% down payment and finance the balance in up to 18 installments in dollars. In the case of "Marsella," which is about to be delivered, there are only two units available, which can be purchased with a 40% down payment and the balance in six installments, with delivery scheduled for December. Mediterránea Paraguay, in collaboration with Icon Houzze, continues to make a difference in the real estate market in Asunción. With projects such as "Mallorca" and "Marsella", the company has demonstrated its ability to identify strategic locations, design attractive products for a young segment and execute high-quality projects in short timeframes. With a focus on innovation, security and comprehensive service, Mediterránea Paraguay is positioned as a key player in the development of the city, offering housing solutions that respond to the needs of the local and foreign market. For more information about the Mallorca building, you can contact Mediterránea Paraguay at +595 971553055.

ULTRA Real Estate, with two months into the Paraguayan market, has already positioned itself as one of the most innovative and promising emerging real estate companies in the country. Founded by Jorge Giralt and Gustavo De Simone, the company reflects the vast experience of its partners, who have been standing out in the sector for years. Both co-founders decided to take a step towards independence and create a real estate company that integrates training, professionalism and a long-term vision. For his part, Jorge Giralt has a diverse career in multinational enterprises and in the financial sector before dedicating to the real estate field. His role as general manager in a global real estate company brought him closer to the sector, and later, after his time at a recognized franchise, he consolidated his presence in the market. Throughout his career, he has seen how the interest in real estate has grown, and with the opening of ULTRA Real Estate, he seeks to capitalize on his knowledge to lead the Paraguayan market. Gustavo De Simone began his career as a lawyer specializing in oil contracts and trusts. After several years in the legal field, his interest changed and he found an opportunity in the real estate sector in Argentina, where he joined a well-known franchise. For more than a decade, De Simone remained in the top sales rankings and gained prestige both nationally and internationally. Eventually, he decided to go independent and form his own team, and has experienced his best years in terms of growth and turnover since making that decision. The creation of ULTRA Real Estate was the result of a friendship of more than twelve years between Giralt and De Simone. They met at real estate conventions in Las Vegas, and over time, they decided to merge their experiences and knowledge to create an independent real estate company. De Simone had been traveling to Paraguay for other projects and the idea of starting a joint venture arose naturally. They both shared the vision of forming a company that would not only stand out in the market, but also offer a superior level of service and professionalism. ULTRA Real Estate stands out in the industry by having a comprehensive support structure. The company has a legal and notary team, marketing services and professional photographers, ensuring that each property listed is legally ready and has the best presentation. From drones and photography equipment to social media campaigns, ULTRA Real Estate advisors have access to all the necessary tools to carry out their work efficiently and professionally. For ULTRA Real Estate, it is not enough to simply show properties. The company is dedicated to training its advisors in the entire sales cycle, from client acquisition to final negotiation. De Simone and Giralt believe that success in the real estate sector requires constant dedication and the ability to build long-term relationships with clients. This is the philosophy they try to instill in their advisors, who are trained to be leaders and entrepreneurs rather than mere property sellers. In addition, ULTRA Real Estate offers ongoing training, inviting local and international professionals to teach workshops that strengthen the skills of its advisors. In this way, they ensure that all members of their team can adapt to the demands of a constantly changing market. ULTRA Real Estate understands that in such a competitive market, innovation is essential. The company has a dedicated marketing department, which is responsible for maintaining a strong social media presence and employing cutting-edge technology for the promotion of properties. With a focus on digitalization and the use of online platforms, Ultra Real Estate remains at the forefront of technological trends in the real estate market. ULTRA Real Estate has a clear vision for growth. Although the company is in its early stages, the founders are already considering expansion options in Paraguay and other countries. However, their priority is to strengthen the current office, building a solid foundation before opening new locations. In the future, they are evaluating the possibility of establishing franchises in other major cities in Paraguay, such as Encarnación and Ciudad del Este, and have received proposals to expand into Chile. Unlike other franchise models, Giralt and De Simone prefer to partner with entrepreneurs who share their vision, rather than selling a franchise and risking losing control over the quality of service. Their goal is to ensure that ULTRA Real Estate maintains its high standards and reputation in every location where it operates. The founders of ULTRA Real Estate anticipate several trends in the real estate market over the next five years. Growth in residential buildings and gated communities, driven by foreign investment and Paraguay's economic stability, is one of them. They also foresee an expansion in the rental sector due to the housing shortage and the development of luxury properties in areas such as Asunción, Luque and Encarnación. In addition, the rise of rural properties for agricultural production remains a strong trend, due to the role of agriculture as an economic driver. The digitalization of the real estate market and the improvement of the country's infrastructure are also factors that, according to the founders, will boost the growth of the sector. ULTRA Real Estate, with its focus on excellence and the development of long-lasting relationships, positions itself as a real estate agency that seeks not only to satisfy its clients, but also to transform the Paraguayan market with professionalism and a vision for the future. Those interested in learning more about their services or in searching for a property should contact them at +595 986 918240 , where their team will be happy to provide the best real estate advice.

Last September 11th, at Talleryand Costanera, an event took place that will mark a before and after in the real estate scene in Asunción: the official launch of the Palmanova Pacheco. This project, developed by the renowned Palmanova Group of Katuete SRL, is presented as a masterpiece of contemporary architecture, which fuses the traditional essence of the Recoleta neighborhood with modernity and the most avant-garde luxury. Palmanova Pacheco stands as an icon of urban transformation, with a disruptive design that breaks with convention to offer a unique living experience. This building is not just a structure; it is a symbol of a new Asunción, where elegance meets functionality, and luxury meets accessibility. From its exclusive amenities, which include a celestial observatory for astronomy lovers, to its interiors with high-end finishes, every aspect of Palmanova Pacheco has been carefully designed to redefine the concept of luxury living. Strategically located on Pacheco Street, on the corner with Teniente Zotti, Palmanova Pacheco is in the heart of Recoleta, one of the most sought-after areas of the city. This neighborhood, often confused with Villamorra due to the proximity of the Villamorra Shopping Center, has become a nerve center of the capital. Just five blocks from the Mariscal Shopping Center, the building is perfectly located to offer its residents a comfortable and connected urban life, with easy access to shopping centers, restaurants and other services. Palmanova Pacheco has been designed to meet the needs of a diverse public, from young couples who are purchasing their first apartment, to families looking for a spacious and comfortable home. The apartments, ranging from 55 to 150 square meters, come in three types: 1 bedroom, 2 bedrooms and 3 bedrooms, all with spacious and carefully distributed spaces. The 2 and 3 bedroom units, in particular, stand out for their secondary bedrooms that are large enough to accommodate two beds. The building will have two entire floors dedicated exclusively to top-level amenities. On the fourth floor, there will be a 276 m2 gym, equipped with gendered changing rooms and a sauna, along with a 120-meter running track for those who enjoy jogging at altitude. In addition, a coworking space, a kids room for the little ones and three office rooms will be included for those who need a quiet space to work. The terrace, meanwhile, will be an oasis of relaxation with an infinity pool offering panoramic views of the city, a large deck for sunbathing, a fun space with a pool table, two heated barbecue areas ideal for social gatherings, a green garden to relax surrounded by nature, and a starlight corner equipped with a telescope for stargazing. The development, construction, administration and marketing of Palmanova Pacheco are the responsibility of Katuete SRL, a company founded in 1998 that has evolved under the leadership of Adrián Soria, current General Manager and partner of the firm. With more than 35 years of experience in the sector, Katuete SRL has migrated from horizontal to vertical real estate development, positioning itself as a benchmark in the construction of high-rise buildings in Asunción. Palmanova Las Mercedes, the firm's first building, was a resounding success, and now, with the launch of Palmanova Pacheco, the company consolidates its position in the market with its third building and second project in the Recoleta area. One of the highlights of Palmanova Pacheco is its architectural design, led by Jasper Architects, an international firm with offices in Buenos Aires, Berlin and Asunción. Founded by Martin Jasper in 2008, Jasper Architects is renowned for its innovative and disruptive approach to architecture, using meticulous research into site conditions, social and urban history, and programmatic and functional objectives to arrive at design solutions that propose new interpretations of the context. With over 428,000 m2 projected and 167,000 m2 built, the firm has left its mark on the international architectural scene, and Palmanova Pacheco is a clear example of its ability to innovate. The building, with its structure of three superimposed blocks and green terraces, is not only aesthetically impressive, but is also sustainable, with an extensive implementation of vertical gardens and green spaces that fill the urban environment with life. In addition, the use of alucobond, a reflective material, allows the building to change colour depending on the time of day, making it a visual landmark in the city. In a real estate market where there is a wide range of options, identifying the right product is crucial to ensure a good investment. Palmanova Pacheco is positioned as a safe option thanks to its high construction quality and focus on durability. In addition, the project has a unique guarantee policy on the market, which guarantees 100% of the money invested in a unit, providing peace of mind to buyers. With a launch price of $1,500 per square metre, Palmanova Pacheco offers excellent value for money in a prime location. Prices will be adjusted by 10% every six months until completion of the project, scheduled for May 2027, with construction scheduled to begin in November this year. This launch represents a unique opportunity for those looking to invest in an innovative, high-quality project in one of the most strategic areas of the city. The launch of the Palmanova Pacheco Building not only marks a milestone in the evolution of architecture in Asunción, but also represents a unique opportunity to live in a space that combines tradition and modernity, luxury and accessibility, in the heart of Recoleta. With its innovative design, top-level amenities and strategic location, Palmanova Pacheco is destined to become an icon of the city, redefining what it means to live in luxury in the 21st century. For more information about the Palmanova Pacheco Building and all the opportunities it offers, you can contact PALMANOVA at +595 983 196927 or send an email to Info@edificiopalmanova.com .

On August 30, 2024, the General Directorate of Public Registries (DGRP) issued a key provision, Technical Registry Provision No. 06/2024, which marks a milestone in the protection of the rights of real estate buyers and developers in Paraguay. This provision enables a “Special Registry of Annotation of Purchase and Sale Tickets of Units” subject to the Horizontal Property regime, which will be dependent on the Horizontal Property Section of the General Property Registry. This new registry is specifically designed to record the purchase and sale agreements for units built, under construction, or future functional or complementary units, providing increased legal security for both buyers and owners and developers. This regulatory effort is based on Law No. 677/60, which regulates ownership by floors and apartments, as well as its Regulatory Decree No. 2216/68. The enabling of this registry is based on various national regulations, starting with Law No. 677/60 “On ownership by floors and apartments”, which regulates horizontal property in Paraguay. This law is complemented by Regulatory Decree No. 2216/68, which establishes the procedures and requirements for the registration and management of properties under this regime. In addition, the Technical Registry Provision takes into account Agreement No. 1033/2015, approved by the Supreme Court of Justice, which establishes the General Technical Registry Regulation of the DGRP. Previously, regulations had already been established for the registration of sales contracts in subdivisions through Technical Registry Provision No. 7/2023, which was based on Law No. 3966/2010 and its amendments. However, the regulations applicable to sales contracts for units under the horizontal property regime required a more specific extension and regulation, which has been satisfied with this new provision. Pursuant to Law No. 677/60, the sales contracts that are registered in this new registry must comply with a series of requirements detailed in the regulations. These requirements include: the complete identification of the contracting parties, the detailed description of the unit, the surface area, the sale price, the form of payment, the liens affecting the property, the conditions for the delivery of possession, and the conditions for the granting of the deed of transfer of ownership. This level of detail guarantees greater legal security for both buyers and developers. A key part of this process is that registrations must be made exclusively by a public notary, which ensures legality and transparency in transactions. Once the bill of sale is filed with the Registry, the registration process can take approximately 20 to 30 business days, depending on the workload and other factors related to document review. This processing time offers an appropriate balance so that the parties can comply with all legal requirements and avoid future complications. The main objective of this registry is to provide a higher level of legal protection to buyers of units in horizontal property, who will be able to have the assurance that their purchase and sale agreements are duly recorded and protected against possible legal or financial conflicts. This system will also facilitate access to financing for real estate developers, by providing a clear and reliable regulatory framework that encourages continued investment in the sector. One of the most important aspects of this provision is that, once the purchase agreement has been registered in the new registry, the owner of the property will not be able to transfer or encumber the property without the express consent of at least 75% of the buyers. This is especially important in cases where the property is subject to sale in installments or when the developer needs to finance the construction through mortgages on parts of the project that have not yet been transferred. Buyers will also have the right to demand the deed of transfer of ownership of the units acquired, even if the seller is in a situation of bankruptcy or civil insolvency. The provision provides exceptions in specific cases, such as prior embargoes or fiscal, municipal, or service-related or contribution liens on the property. This mechanism is seen as an important step forward, as it reinforces buyers' confidence that their rights will be protected in the event of any eventuality affecting the developer or the original owner of the property. In addition, this new registry will be a key tool to avoid situations of fraud or legal conflicts related to the property and the rights of buyers. Technical Registry Provision No. 06/2024 establishes that for the correct registration of sales tickets in the new registry, they must comply with a series of formal requirements, which include: Complete identification of the contracting parties : Names, surnames, nationality, identity document number, marital status, and address of the contracting parties. Detailed description of the property and the unit : Both the general identification of the property and the specific description of the unit must be specified, including its surface area and floor number within the building. Sales price and payment method : The ticket must include the agreed sales price and the payment terms, whether in cash, in installments, or under some other financial arrangement agreed between the parties. Liens on the property : It is mandatory to specify any liens on the property, accompanied by the corresponding official reports. Conditions of possession and deed : The document must detail the conditions under which possession of the property will be delivered and the circumstances under which the final deed will be granted. These requirements ensure strict control over the purchase and sale of units in condominiums, avoiding any ambiguity in contracts and protecting both buyers and sellers. The real estate sector in Paraguay has experienced significant growth in recent years, driven by the demand for housing and commercial developments under the horizontal property regime. The creation of this new registry will allow real estate projects to continue expanding in an orderly and safe manner, providing guarantees to investors and promoting transparency in real estate transactions. This provision seeks to encourage investment in apartment and flat building projects, providing buyers with greater security over their property rights. This, in turn, will encourage the continued development of real estate projects and help consolidate Paraguay as an attractive destination for both local and international investors. The General Directorate of Public Registries has begun the implementation of this provision, notifying all real estate registry offices in the country, as well as other entities involved in the process, such as the College of Notaries and Lawyers of Paraguay. Likewise, the provision will be published on the institutional intranet of the DGRP and will be submitted ad referendum to the Superintendence Council of the Supreme Court of Justice for final ratification. With this measure, Paraguay takes another step towards the modernization of its registry system and the consolidation of a safe and transparent real estate market. The implementation of the Special Registry of Notes on Purchase and Sale Agreements for Horizontal Property Units represents an important guarantee for the real estate sector and a sign of the country's commitment to economic growth and orderly urban development.

Yesterday, in an event full of expectation, the groundbreaking ceremony of the Petra Imperiale building was held, a project that promises to redefine the skyline of Asunción and consolidate its position as one of the most vibrant and modern cities in South America. This ambitious real estate development will stand as one of the tallest towers in the region, taking our capital to a prominent place on the architectural map of the continent. Petra Imperiale , just two months after its launch, has already established itself as a resounding success in the market, with more than 75% of its units sold. This impressive achievement reflects not only the magnitude of the project, but also the great moment that the Real Estate sector in Paraguay is going through, a sector that is in full expansion and that finds in Petra Imperiale an emblem of its growth and potential. The project will feature a 73-story residential tower, which will become a benchmark for luxury and exclusivity in the region. It will also include a state-of-the-art corporate building, offering innovative and sustainable workspaces that will meet the needs of the most demanding companies. Petra Imperiale 's gastronomic offering will be no less spectacular, with restaurants offering the best of Italian cuisine, creating a top-level culinary destination in the heart of Asunción. Finally, a luxurious hotel operated under the prestigious NH Collection brand will complete the development, offering a five-star service that will attract both tourists and business travelers. The investment in Petra Imperiale exceeds 70 million dollars, a capital backed by Banco Sudameris, which not only finances the project, but also accompanies it at every stage, guaranteeing its viability and success. The work is under the direction of Cronos, a Paraguayan firm known for its rigorous approach to compliance with the highest quality standards. Cronos will be in charge of both the project and the supervision, ensuring that every detail of the construction meets the most demanding expectations. Concrete will be supplied by CECON, a leading company in the production and supply of cement and concrete in Paraguay. The choice of CECON as a supplier ensures that Petra Imperiale is built with the highest quality materials, resulting in a robust and long-lasting structure. The groundbreaking event brought together workers, contractors and construction collaborators who will embark on this monumental challenge. It is estimated that Petra Imperiale will be a source of employment for more than 1,000 families throughout the construction process, injecting millions of guaraníes into the national economy and generating a significant amount of taxes for the city of Asunción. Delivery of the units is scheduled to begin in December 2029, a deadline that, according to Francisco Soldani, Commercial Manager of Petra Urbana, will not only be a milestone in the development of the project, but also a crucial moment for Paraguay. "This project places Paraguay in the big leagues of real estate development. Petra Imperiale will be the fourth tallest tower in South America, a true icon for Asunción, which reaffirms our ability to compete on the global stage," said Soldani. Of the 416 units available, nearly 320 have already been purchased, reflecting the high demand and interest that the project has generated. Prices for the units start at $78,000, and there is still availability in all categories, from studios to one-, two- and three-bedroom apartments. The construction of Petra Imperiale will be carried out in an unprecedented collaboration between AGB and Tecinci, two of the most renowned construction companies in the country. This alliance guarantees the highest quality and efficiency in the execution of the project, thanks to the experience and strength of both firms, which have demonstrated their ability to handle large-scale projects in the past. Founded 46 years ago by engineer Alberto Gross Brown, AGB has been a pioneer in construction in Paraguay. With nearly 290 permanent employees and around 3,000 subcontractors, AGB is distinguished by its triple ISO certification in Environmental Care, Quality, and Occupational Health and Safety. These pillars are fundamental in its approach to construction, ensuring that each project not only meets the highest quality standards, but also respects the environment and the safety of all involved. For its part, Tecinci, with 36 years of experience in the private sector, has been a leading company in the construction of skyscrapers and other large-scale projects in Asunción. It was the first construction company in Paraguay to obtain ISO 9000 certification, and its commitment to quality and safety at work is evident in every project they execute. Tecinci places a strong emphasis on teamwork and creating a work environment where employees can develop and stay long-term. Petra Imperiale promises to be not only an architectural icon, but also an economic engine for Asunción, contributing to urban development and raising the profile of the city on the regional and international stage. For more details about Petra Imperiale , interested parties can call +595 0984 400 800 or write to contacto@petraurbana.com .

In an effort to improve efficiency and security in property management in Paraguay, the Executive Branch and the Judiciary presented this Monday the draft Law of the Unified National Registry, an initiative that seeks to merge and centralize the functions of three key institutions in charge of procedures related to land ownership and real estate registries. This new body, which will be under the jurisdiction of the Supreme Court of Justice, promises to streamline procedures, reduce waiting times and strengthen legal security in real estate transactions throughout the country. The National Unified Registry is established as a technical and administrative body of the Judiciary, with the responsibility of supervising the national cadastre and the public registries related to the assets, acts and rights that must be registered in accordance with the law. The creation of this unified registry represents an absorption, modification and expansion of the functions previously performed by three entities: the General Directorate of Public Registries (DGRP), the General Directorate of the National Cadastre Service (SNC) and the Department of Surveying and Geodesy. One of the main innovations of the bill is the creation of a truly unique cadastral-registration procedure. This procedure aims to reduce bureaucracy for citizens and increase coordination between the main institutions responsible for the real estate reality in the country. The unique cadastral-registration procedure seeks, on the one hand, the registration of data that provide a comprehensive physical, economic and legal description of the properties in the national territory, and on the other, the publicity of the various registered acts or rights so that they are enforceable and produce effects against third parties, or in cases where the law so provides, the perfection of the corresponding right. This procedure is made up of a set of formalities that are carried out before and by the National Unified Registry, from the presentation of an application for registration, annotation or registry publicity, accompanied by the respective document, to its registration, annotation, denial of registration or annotation, or the completion of the relevant registry publicity application. The bill stresses that this unification will help to avoid common problems such as overlapping property titles, a phenomenon that has caused legal conflicts and delays in the past. In addition, the centralization of these functions under a single entity is expected to speed up procedures and significantly reduce the time required to regularize land ownership. Competencies and Structure of the New Registry The National Unified Registry will be exclusively responsible for the formation and maintenance of the cadastre and registry of real estate in Paraguay, as well as the preparation and management of the national cadastral cartography. This includes the dissemination of cadastral and real estate registry information, a crucial task to ensure the transparency and accessibility of property data. Within this new structure, the General Directorate of Cadastre and Real Estate Registry will be created, which will include at least two key departments: the Directorate of Real Estate Registry and the Directorate of Cadastre. The Directorate of Cadastre will be responsible for managing and administering the procedures related to cadastral registration, guaranteeing the ordering of the national cadastre and providing accurate and certified information on the parcel status of real estate. This directorate will operate with a margin of autonomy and functional independence, particularly in the management of technical data and cadastral information. On the other hand, the Real Estate Registry Office will manage and administer the procedures related to the registration of acts, assets and rights with a vocation for registration, in accordance with this law, the Code of Judicial Organization, and its complementary laws. This function is essential to ensure the publicity and legal enforceability of rights against third parties. Technological Innovation: The Unique Cadastral Registry Identification Code One of the most notable innovations of the bill is the implementation of a unique coding system to identify each property through a Unique Cadastral Registry Identification Code (CUICR). This code, which will be alphanumeric, will allow for the precise individualization of properties, compactly representing crucial information about the location of the property by municipality, district, neighborhood, block and lot. The CUICR will become a mandatory physical and legal identification mechanism for all properties, and must be recorded by administrative and judicial authorities in all procedures related to the property. This measure will not only simplify procedures, but will also strengthen legal security by reducing the possibility of errors or fraud in the identification and registration of properties. The certification that the National Unified Registry will administer with respect to real estate will be both registry and cadastral, and will be issued in a single document. This means that the real estate folio of each property will necessarily include the CUICR, and the registry entries will contain the expression of the circumstances related to the subject, object and content of the registrable rights as they result from the title and the registry entries, after documentary qualification by the registrar. Horizontal Property and New Standards for Building Plans The bill also addresses the identification of units in horizontal properties, such as flats and apartments, which must be adequately reflected in the CUICR. Building plans must comply with the standards established by the competent authority, and their presentation will be a requirement for incorporation into the horizontal property regime. These measures seek to ensure adequate regulation and registration of housing units in buildings, which will contribute to clarity and order in urban real estate ownership. Adjustment and Adaptation of Registrations Owners of property or other property rights may request the adjustment of their registrations in accordance with the parameters established by law to obtain the CUICR. The procedure will be supervised by the Supreme Court of Justice, and in cases where there are no discrepancies with the current cadastral records, the adjustment will be carried out without further formalities. However, if overlapping properties or discrepancies with the cadastre are detected, specific measures will be taken to rectify the situation, including publicizing the overlaps and, if necessary, denying the requested adjustment. Data and Public Policy Center The information collected from the land and recorded in the cadastre will be integrated into a data centre that will operate as a relational database, allowing access to key information for the analysis of relevant variables and the determination of the value of the properties. This database will serve as a basis for the formulation and implementation of various economic and social policies, and will be available to national authorities that require it. The bill also includes the digitalisation and automation of as many procedures as possible relating to land ownership. Gustavo Villate, Minister of Information and Communication Technologies, stressed that "with the use of technology, it is expected that these deadlines can even be shortened," which will benefit both citizens and institutions. Reactions and Perspectives The President of the Republic, Santiago Peña, used his social networks to underline the objectives of the bill, highlighting that "this initiative seeks to improve security in the purchase of real estate, avoid overlapping titles, reduce registration and cadastre deadlines, and increase efficiency, transparency and accessibility through the use of technology." The legal advisor to the Presidency, Roberto Moreno, emphasized that the merger of these institutions, which currently operate separately in different branches of government, is part of a broader effort to streamline and modernize public administration in Paraguay. "This unification will allow the process of registering property to be more coherent, faster and safer, which in turn will foster confidence in the country's legal and economic system," Moreno explained. For his part, the Minister of the Supreme Court of Justice, Alberto Martínez Simón, stressed that the implementation of this law will represent a significant advance in the streamlining of the registration processes, in addition to offering greater legal security with regard to private property. "With this draft law, once approved and put into effect, we will make the process much simpler, which will significantly speed up the registration processes, while guaranteeing the legal security of land and private property," said Martínez Simón. The potential impact of this law was also highlighted by the jurist María Mercedes Buongermini, who collaborated in the drafting of the project. Buongermini explained that "today, property registration processes can last several months, due to the nominal deadlines of each institution. With the proposed unification, the aim is for the entire process to be completed in approximately 45 days." This reduction in time, combined with the implementation of a single window, will allow for greater efficiency in the management of procedures, facilitating citizens' access to registration and cadastre services. Finally, Gustavo Villate, Minister of Information and Communication Technologies, highlighted the efforts underway to digitize and automate procedures related to land ownership. Villate said that "we are already working on the digitization and automation of as many procedures as possible, which will allow us to further shorten the timeframes and offer a more accessible and transparent service to citizens." With this bill, the Paraguayan government seeks not only to modernize the property management system, but also to lay the foundations for a more efficient, integrated and citizen-oriented public administration. The implementation of this law is expected to have a positive impact on the country's economic development, by providing a safer and more reliable environment for real estate transactions, and by encouraging greater investment in the real estate sector.

Last Wednesday, August 14, Palmanova organized the long-awaited Investors' Toast, an event dedicated to thanking its clients and investors for the trust placed in its projects. The celebration took place in the company's showroom, located in front of the imposing Palmanova Las Mercedes building, on Avda. Gral Santos almost Avda. España, an environment that highlighted the company's commitment to innovation and transparency in the real estate sector. During the evening, attendees witnessed the impressive construction milestones achieved by Palmanova. In just 18 months, the construction of 20 slabs was completed at Palmanova Las Mercedes, while at Palmanova Villa Morra 5 slabs were achieved in a period of 6 months. These advances underline the compliance with the established schedule and reinforce the confidence of investors in the company's ability to materialize its promises. One of the most notable announcements of the evening was the upcoming bond issue in collaboration with ASU Capital. This initiative will offer investors a unique opportunity to diversify their portfolios and obtain attractive returns, backed by the strength of Katuete SRL, a company with 25 years of experience in the market. The bond issue is emerging as an accessible financial alternative for those wishing to participate in the booming real estate market in Asunción. The General Manager of Katuete SRL highlighted the positive impact that this issue will have on the real estate market, attracting the attention of foreign investors and reinforcing the company's financial transparency. He stressed that the triple B rating obtained, the result of hard work and dedication, is an indication of the company's solidity and credibility. In addition, he emphasized that the bonds will allow young and new investors to access investment opportunities from affordable amounts, thus democratizing access to the real estate market. The highlight of the event was the exclusive announcement of Palmanova III, the company’s ambitious new development. Investors in attendance were impressed by the scale and potential of the project, which will be officially launched on 11 September at Talleyrand Costanera. Palmanova III, scheduled for completion in 2027, is expected to attract a select audience of investors, consolidating Palmanova as a leader in real estate development in the city. The event served not only to celebrate the achievements, but also to reaffirm Palmanova and Katuete SRL's commitment to transparency and innovation in the sector. Attendees had the opportunity to see first-hand the progress of the works, as well as to interact with the management team, who extended an open invitation to all those interested in learning more about current and future projects. The company reiterates its willingness to welcome potential investors to its showroom, where they will be able to explore the models of the units under construction and receive detailed information on upcoming investment opportunities. Katuete, with its 25 years of experience, is consolidating its position as a benchmark in construction and real estate development, and with the launch of new financial products, the company is looking to the future with ambitious projects in mind. For more information on current projects, future bond issues, or to schedule the launch of the new project, interested parties can contact the Palmanova sales team at +595 983 196 927 .

Last Sunday, August 11, Paraguay witnessed an unprecedented event that marks a before and after in the history of urban development in the country. The newly rebranded developer Solaria City Makers , formerly known as Terminal Occidental SA (TOSA), made its official debut with the presentation of its ambitious real estate project El Delta . This project not only represents a new milestone in the history of Nueva Asunción, but also redefines the concept of urban living in Paraguay. After more than 15 years of success in the market, TOSA has evolved into Solaria City Makers, taking on an even more ambitious mission: not just building structures, but creating communities and cities that transform everyday life into an extraordinary experience. To celebrate this important launch, Solaria City Makers organized an exclusive City Tour for investors, directors of the holding company, media representatives and clients. Attendees explored El Delta, an urban complex designed to blend in with nature and offer an unprecedented quality of life. During the tour, the meticulous planning and innovative vision that have guided the development of this project for more than a decade were highlighted. The Delta, strategically located between the Remanso Bridge and the Héroes del Chaco Bridge, south of the Transchaco Route, is much more than a place to live. It is an environment that promises to become a reference point for the entire region, combining modernity and nature in perfect harmony. El Delta extends over 1,600 hectares and has been carefully designed by the international architecture firm BMA, in collaboration with Solaria City Makers. This real estate development is a symbol of innovation and progress, destined to leave a lasting mark on Paraguay. One of the highlights of El Delta is its impressive network of water bodies, which includes 6 kilometers of coastline on the Paraguay River, 23 kilometers of navigable canal and 16 kilometers of lagoons. This aquatic design not only provides incomparable aesthetic value, but also facilitates a unique connection with the surrounding nature, making every day an extraordinary experience. One of the jewels of this project is La Isla Del Delta , a unique development in Paraguay consisting of an island located on the majestic Paraguay River. This was the first real estate development in the complex and, as its name suggests, it is an island connected to the rest of the complex by a bridge, which gives it exclusive access and an atmosphere of incomparable privacy. La Isla Del Delta has a total of 66 lots, each with an average area of 2,000 square meters, which guarantees ample spaces and a privileged natural environment. Within El Delta, another development that has captured attention is Riverside, a prominent residential complex of five blocks of medium-density buildings limited to eight stories to maintain a balance between exclusivity and connection to nature. The apartments, ranging in size from 238 to 350 square meters, offer expansive views of the Paraguay River and the golf course. Construction will begin on the Safiro block later this year, which will feature 46 three- and four-bedroom apartments. The design was carried out by the Uruguayan studio of Martín Gómez Platero, with execution by architects Fabrizio Bibolini and Mauro Remonato. Barrio Norte is another development within El Delta that stands out for its innovative proposal. With 300 residential lots spread over 100 hectares, this neighborhood offers life in an impressive natural setting, with views of the golf course and the lagoons. It also has a clubhouse designed by Paraguayan architect Christian Gould, which includes top-level sports facilities, such as tennis courts, paddle tennis courts and a multi-sport court. An ambitious residential project called M5 will be developed in Barrio Norte . This complex will have six residential blocks, preserving the trees that are on the property. In the center of this green space, a pedestrian walkway will be built that will include an attractive gastronomic area with cafes and ice cream parlors. The first stage of M5 will offer 24 apartments and all will have exceptional views, highlighting the panoramic view of the golf course and the Remanso Bridge, providing an environment of tranquility and peace throughout the year. No less impressive is Barrio Náutico , a development that celebrates the passion for water and water sports. With 68 hectares and 200 lots in its first stage of commercialization, this neighborhood offers a unique lifestyle for those looking to be in constant contact with the water. In addition, the complex includes private marinas, designed to guarantee the safety and maintenance of boats, making El Delta a paradise for boating lovers. The Delta is not just a place to live, but a comprehensive environment that offers a wide range of services and amenities designed to improve the quality of life of its residents. Among these services is Las Palmas Street Mall , a shopping center that will feature a variety of food venues, supermarkets, pharmacies, hair salons and other essential businesses. This shopping center, which will be located on an area of 55,000 square meters, will also have a large parking lot for 460 vehicles, and will be designed to offer an unparalleled shopping and entertainment experience. In addition to residential options, El Delta is home to a Business Center with the Alkan , Navis , and upcoming Navis II corporate buildings. This space is designed to attract national and international companies, establishing itself as an important corporate center in the region. In addition, El Delta will host Paraguay's first Free Trade Zone for services , a corporate complex that will attract national and international companies thanks to its tax benefits. This development includes three office towers, whose construction will begin in the coming weeks, and promises to become an important business center in the region. On the other hand, the Marina del Delta Nautical Complex focuses on offering high-quality facilities for entertainment and boat safety. Each marina is self-regulating and flood-resistant, ensuring a safe and comfortable experience for residents and visitors. The project also includes Tarumá Golf , an 18-hole golf course designed by the prestigious architectural firm Stirling & Martin. Located in the heart of El Delta, this course will offer an unrivalled playing experience, surrounded by carefully preserved natural surroundings. The Delta, conceived by Solaria City Makers, represents a new paradigm in urban development in Paraguay. This project, which has been carefully planned and executed for more than a decade, offers a unique combination of modernity, nature and quality of life, becoming an example to follow for future developments in the country. With its launch, Solaria City Makers not only presents a new real estate project, but also reaffirms its commitment to leading the way towards a future in which urban life is harmoniously integrated with nature, providing its residents with a living experience where the everyday becomes truly extraordinary. For those interested in learning more about El Delta and the investment opportunities available, Solaria City Makers invites you to get in touch through its social networks or to communicate directly with its commercial advisors at +595 981 503 255 or by email at info@solaria.com.py . This is just the beginning of what promises to be a new era in urban development in Paraguay, led by a company that not only builds, but transforms and reimagines the future.

Alex Loza, director of Grupo Barcelona, whose career in Paraguay is marked by a deep commitment to both social development and innovation in the real estate sector. With a solid background in Business Administration and a specialization in taxation in Spain, Loza initially came to Paraguay as a volunteer, where his work in the educational field led him to become involved with the ALDA Foundation, dedicated to improving the quality of life and education of children and young people in disadvantaged communities. In search of ways to finance the foundation's projects, Loza decided to explore the real estate market at a time when Paraguay was beginning to stabilize macroeconomically. Thus, in 2007, the first project of the Barcelona Group was born, Edificio Barcelona in Villamorra, which marked the beginning of a series of successful developments that have transformed the urban landscape in Asunción and Encarnación. Today, with more than 500 apartments built and multiple completed projects, Grupo Barcelona is a benchmark in the sector, with business units that range from the development, construction and management of buildings to the hotel industry. Among its most notable projects are the Hotel Palmaroga and several iconic buildings in Asunción and Encarnación. In this interview, Alex Loza shares his vision on the evolution of the real estate market in Paraguay, the challenges he has faced along the way, and his focus on combining business success with a positive impact on the community. How has real estate development in Paraguay changed since you arrived until today? The change in real estate development in Paraguay has been really impressive. When I arrived, there were very few buildings in Asunción, and the idea of living in an apartment was relatively new to many. The buildings were mainly in the historic center, and the construction technology was quite rudimentary. I remember that, at first, I was surprised to see that they used wooden props in construction, something that had already become obsolete in Europe. However, in the last 12 or 13 years, we have witnessed a huge leap in construction technology. Today, it is unthinkable to build a building without a crane, but in our first project, we did it without that technology. Furthermore, the professionalization of the sector has been remarkable. Engineers, architects and other construction professionals have raised standards, which is reflected in the quality of buildings being built today. However, despite these advances, access to credit remains a significant challenge for both developers and end buyers. In the early years, it was almost impossible to obtain financing, and what little there was was extremely expensive. Although there have been improvements, it is still an area where much work is needed to facilitate access to housing and real estate development in general. What factors motivated you to invest in downtown Asunción, especially with iconic projects like the Hotel Palmaroga, in an area that other companies may have overlooked? The center of Asunción has a historical and cultural value that cannot be ignored. When we decided to invest in the city center, we knew that we were betting on an area that had been forgotten by many, but that had enormous potential. The history of the city center of Asunción is rich and deep. It is the place where the city began to develop, where the first great architectural works were carried out, and where much of the country's historical heritage is found. Our Hotel Palmaroga revitalization project is a clear example of what we believe can be achieved in the downtown area. By restoring this historic building, we are not only preserving an important part of the early 20th century architecture, but also demonstrating that it is possible to restore downtown Asunción to its former glory. We firmly believe that we all have a responsibility to contribute to making downtown the heart of the city again – not just a place where people work, but a vibrant area where the history of Asunción is lived, enjoyed and celebrated. Having participated in the restoration of heritage buildings such as the Hotel Palmaroga and the Palacio Ingrid , what do you consider to be the main challenges when restoring and revitalizing historic buildings in Paraguay? Restoring historic buildings in Paraguay presents several challenges, one of the most significant being the lack of incentives for investors. It is essential that there is collaboration between the public and private sectors to revitalize downtown Asunción and other historic sites. For example, when we decided to restore the Palmaroga Hotel, we were faced with the reality that there was no financial or tax support to facilitate this type of project. I believe that there should be incentives such as tax breaks for construction and for the rehabilitation of heritage buildings. If an investor is willing to put their money into a project that revitalizes a historic area, they should receive some kind of support, whether in the form of credit subsidies or tax exemptions. Furthermore, the revitalization of the center does not only depend on developers. It is essential that the area is well maintained, with clean streets, good lighting and security. These are basic conditions that must be guaranteed to attract both investors and residents. Sometimes it seems that these projects are complicated, but in reality, with good planning and the right support, it is much simpler than you think. What is the key to long-term success in real estate projects? The key to long-term success in real estate development lies in building relationships of trust. When a client trusts you, it is because you have proven to be reliable and professional at every stage of the project. This bond of trust is something that is earned over time, through honest, transparent and committed work. It is important for developers to understand that it is not just about selling a property, but about accompanying the client throughout the entire process, ensuring that their investment is well protected. Another key piece is the management of buildings once they are completed. Keeping a building in good condition over the years requires constant effort. It is not enough to build something beautiful; you also need to make sure it stays that way. The difference between a building that is still attractive and functional after 10 or 15 years, and one that deteriorates rapidly, is in the quality of management. This includes everything from maintaining the facilities to responding quickly and effectively to any incidents that may arise. It is a long-term commitment that many underestimate, but it is essential for the sustained success of any real estate development. What motivated you to expand beyond Asunción and develop projects such as Torres Bolik, Paraná Playa Apartments and Paraná Playa Costanera in Encarnación? Expanding into other cities like Encarnación was a strategic decision. As competition in Asunción and the metropolitan area increased, we saw the need to look for new opportunities in less saturated markets. Encarnación, in particular, caught our attention due to its growth and potential for real estate development. Although we faced challenges, such as the reluctance of the local population to live in apartments, we believe that the city has a great future. Encarnación is a city with many qualities: its waterfront, its tranquility and its proximity to Posadas make it an attractive place to live and invest. However, one of the biggest challenges is breaking the seasonality that limits economic activity to the summer months. If we manage to develop events and activities throughout the year, Encarnación could become a very interesting city to live in, not only for locals, but also for people from other parts of the country and abroad. The key is to diversify the offer and make the city attractive at any time of the year. What advice would you give to a foreigner who wants to invest in the real estate market in Paraguay? My advice to any foreigner considering investing in Paraguay's real estate market is to do so with caution and an open mind. While you may have a lot of experience in other countries, Paraguay is a unique market with its own particularities. It is essential to take the time to understand the local culture, rules and regulations, and market dynamics. Although we share the same language, the way of doing business here is different, and you need to adapt to be successful. I have seen many foreigners, especially Spaniards, who come with the idea that they will be able to replicate exactly what they have done in their home country, but quickly realize that they need to adjust their approach. Adapting to local customs, building relationships, and understanding the market from the inside is crucial. Additionally, it is important to work with trusted local partners who can guide you through the process and help you navigate the complexities of the Paraguayan real estate market. What would you say is one of the main lessons you learned while developing here in Paraguay? One of the main lessons I have learned is the importance of getting things right from the start and maintaining a service-oriented attitude to any eventuality. In any construction project, there will always be unforeseen events, but what really matters is how you respond to them. Being honest, working hard and willing to accompany the client throughout the entire process is crucial. Trust is a fundamental pillar in our business. Without trust, there is no long-term relationship. I have learned that it is essential to not only deliver what is promised, but also to exceed the client’s expectations, whenever possible. In addition, it is vital to have a focus on quality, not just in what is visible, but in all aspects of the building. These are the things that really matter in the long run, and which often go unnoticed when evaluating a building. Being part of CAPADEI (Paraguayan Chamber of Real Estate Developers) has also helped us stay aligned with the best practices in the sector. It is a seal of quality that guarantees that developers are committed to high standards at all stages of real estate development. Ensuring that all aspects of a project are carried out with the highest quality is what really sets a good developer apart.

In the heart of Asunción, just a few steps from Shopping del Sol in the Las Lomas neighborhood, stands an architectural gem designed to redefine the concept of luxury urban housing: HOST 1432. This boutique building, located on the corner of Federación Rusa and López Moreira, offers a cosmopolitan, sophisticated and practical living experience for executives, investors and couples looking for an elegant and functional base in Paraguay. HOST 1432 is a 21-unit building that maximizes the use of a 400-square-meter lot. Featuring a contemporary and elegant design, this development offers three types of units: two-bedroom, two-bathroom apartments of 83 m², lofts of 40 m², and one-bedroom, one-bathroom units of 47 m². Each unit has been meticulously designed and equipped to offer maximum comfort and functionality. The one-bedroom apartments and lofts are delivered fully furnished by Area Design, including high-end appliances such as paneled refrigerators, microwaves, ovens, stoves, and hoods. The interior architecture follows a color palette that combines black and white tones, creating a modern and cozy atmosphere. In addition, the two-bedroom, two-bathroom units, although not fully furnished, come with a carefully planned layout to maximize space and functionality. Located in one of the main areas of Asunción, HOST 1432 offers a strategic location close to restaurants, gyms, supermarkets, the Parque de la Salud, Shopping del Sol, and the corporate hub of Asunción. In addition, it is only 15 minutes from the airport, making it the ideal choice for those who travel frequently. The proximity to these services and amenities ensures that residents have everything they need within reach, encouraging an active and convenient lifestyle. The design of HOST 1432 is intended to offer residents the feeling of being in a hotel. This is achieved through details such as elegant furniture, integrated appliances, and a layout of spaces that facilitate circulation and comfort. Residents who travel frequently can enjoy the convenience of having everything taken care of, as the building provides all the necessary services so they only have to worry about carrying their personal belongings. This allows tenants to come and go without worrying about the maintenance or management of their home, making it ideal for executives and frequent travelers. HOST 1432 offers not just a place to live, but a comprehensive experience that includes an infinity pool with panoramic views, a gourmet lounge and barbecue area on the terrace, a meeting area for work and events, and lockers for additional storage. In addition, the building features solar panels and high-power electric chargers. The advanced building management system (BMS) allows for efficient maintenance and simplified administration, ensuring a clean and safe environment for all residents. One of the two-bedroom units on the seventh floor features a full home automation system, providing complete control over the home environment through advanced technology. The building is designed with sustainability and energy efficiency in mind. Solar panels on the roof not only reduce environmental impact, but also provide a renewable energy source for the building’s common areas. Additionally, all parking lots are equipped with the necessary infrastructure for the installation of electric chargers, thus encouraging the use of electric vehicles among residents. This commitment to sustainability and advanced technology positions HOST 1432 as a leader in modern housing in Asunción. The rental cost at HOST 1432 is competitive considering the quality and prime location. Lofts cost approximately $500 per month, one-bedroom units start at $600, and two-bedroom, two-bathroom apartments start at $6.5 million guaraní. The HOST 1432 project has been developed by HUB Desarrollos, a company that handles the entire process, from the search for land to the delivery of the finished building for investors. HUB Desarrollos is in charge of the entire documentary project, putting together the preliminary project, the executive project and the bidding process. In addition, the company manages the management of the construction, ensuring that every detail of the project is met with the highest quality standards. The project director, architect Antonella Faraone, has successfully led the implementation of this innovative concept in Asunción. With her experience and vision, Faraone has ensured that every detail of the building is designed to offer a superior living experience. HUB Desarrollos' philosophy is to offer a comprehensive service where investors do not have to worry about anything. The company seeks out strategic land and designs real estate products that adapt to the needs and investment capacities of its clients. HUB Desarrollos’ focus on creating a safe and well-managed community is reflected in every aspect of HOST 1432. From security to maintenance, everything is designed to make residents feel at home in a sophisticated urban environment. Building management is efficient and proactive, ensuring that any issues are resolved quickly without affecting residents’ comfort. This level of attention to detail and commitment to quality is what sets HOST 1432 apart as one of the best housing options in Asunción. This Saturday, HOST 1432 will open its doors for an Open House, offering the opportunity to see up close all the advantages and amenities offered by this innovative project. With 50% of the units already rented, this event will be an excellent opportunity for those interested in experiencing first-hand the standard of living offered by HOST 1432. HOST 1432 is not only an excellent option for those looking for a home in Asunción, but also an exceptional investment opportunity. The building is designed for the multifamily model, ideal for long-term rentals. While individual units are not for sale, investors interested in acquiring the building in whole or in part will find HOST 1432 to be a profitable and well-structured option. This flexibility allows the building to adapt to the needs of large investors looking for a safe and profitable investment in the Asunción real estate market. For more information about HOST 1432 or for those interested in investments, you can contact us at the following email address: info@hubdesarrollos.com.py or at +595 981 209797 . HOST 1432 represents a new era in urban living in Asunción, offering a sophisticated, well-designed and perfectly equipped space to meet the needs of modern residents. Come and discover why HOST 1432 is the perfect place to live and invest.

Last Thursday, August 1, the start of construction took place for MIO Ykua Sati, an ambitious real estate project located on the corner of Cap. Pedro Fabio Martínez and Ricardo Marrero Marengo, in the Ykua Sati neighborhood. This is AV Desarrollo Inmobiliaria's fifth project and the second in the MIO line of buildings, standing out for its unique features and attention to detail. MIO Ykua Sati is strategically located two blocks from Santa Teresa and three blocks from Madame Lynch, which makes it a privileged place to reside. The building will offer 1- and 3-bedroom units, all with en-suite bathrooms, a feature that highlights the developer's commitment to comfort and luxury. In addition, all units will have a social bathroom, laundry room, balconies, grills and sinks, elements that have been designed to offer a high level of comfort to residents. The design incorporates a lot of green, because from the beginning it was considered essential to support and complement the existing vegetation in the area. Ycua Sati is a unique area, with a privileged natural environment and a lot of vegetation that has been respected and enhanced in the design of the building. The total investment for the construction of MIO Ykua Sati is approximately 6.5 million dollars. This project is aimed at a demanding end consumer, families looking for quality and comfort in a quiet and green residential environment. The Ykua Sati neighborhood is known for its peaceful atmosphere, being steps from the Goethe School and the Paseo de la Galería, as well as the corporate axis, which makes it an ideal option for those who want to live close to all the amenities without giving up the tranquility. The estimated duration of the work is 20 months. Despite being in the early stages of construction, more than 40% of the units have already been sold, reflecting the market's confidence in this project. Unit prices start at $95,000, with flexible options to join apartments and adapt spaces according to buyers' needs. As for amenities, MIO Ykua Sati will offer not so conventional but highly valued options, such as a meeting room, a chauffeur's room, sauna, a gourmet barbecue area with grill and kitchen, and large balconies designed to receive guests and enjoy moments outdoor. The balconies, which vary in width from 2.50 to 3.20 meters, are designed to be usable and comfortable spaces, allowing the installation of tables and grill areas. The project is distinguished not only by its broad typologies, but also by its rational and functional design, which seeks to maximize the use of each square meter. The units are designed to be highly habitable, with windows 20% wider than the average in Asunción, allowing greater entry of natural light and a feeling of spaciousness. Additionally, MIO Ykua Sati's ceilings will be approximately 3 meters high, exceeding the local average and offering a more spacious living experience. A key collaboration for the success of this project is the alliance with ITASA, a construction and developer with more than 30 years in the market. ITASA brings its vast knowledge and experience in real estate construction and development, ensuring that Mio Ykua Sati will be a high-quality project. ITASA, being a family business like AV Desarrollo Inmobiliaria, shares the same values and vision, which has facilitated this collaboration. The architectural design of MIO Ykua Sati has been carefully planned by the Aquino + architecture studio, which has more than 30 years of experience. This studio has been recognized for its ability to create spaces that respond to people's needs and desires, both in their homes and in their workplaces. The collaboration with AV Desarrollo Inmobiliaria and KW, the real estate agency brand, has allowed the design of MIO Ykua Sati to be the result of active listening to the needs of the market and the experience accumulated in previous projects. In summary, MIO Ykua Sati is a project that not only promises to offer high quality and comfortable homes, but is also positioned as a safe and attractive investment option. Its privileged location, the design designed for the comfort of families, and the collaboration with renowned companies in the sector, ensure that this building will become a reference in the Asunción real estate market. The vision of AV Desarrollo Inmobiliaria and its commitment to excellence are reflected in every detail of this project, which is already capturing the attention and interest of numerous buyers.

Global stock markets plunged on Monday, with Japan's Nikkei index experiencing its worst day in 37 years, as investors fear a possible US recession and dump risky assets. The Topix index fell 12.2%, the biggest sell-off since "Black Monday" in October 1987, wiping out its gains for the year. On Wall Street, the tech-heavy Nasdaq fell 6.3% in early trading, heading for its worst day since the early days of the Covid-19 pandemic, while the S&P 500 lost 4.1% . Nvidia fell 15%, while Apple shares were down 9% and Tesla was down 11%. The Vix index of expected US stock market volatility, known as Wall Street's "fear index", jumped above 65 points on Monday, the highest level since 2020. The global meltdown was exacerbated by the dismantling of the so-called yen carry trade, in which traders had taken advantage of Japan's low interest rates to borrow in yen and buy risky assets. The yen has strengthened about 13% since mid-July, boosted by the Bank of Japan's interest rate hike last week, including a 2.9% gain to ¥142.31 against the dollar on Monday. Futures trading on Topix and Nikkei was suspended during the afternoon session as the selling frenzy continued into the close, reaching "circuit breaker" levels that automatically halt trading. In South Korea, similar measures were activated for the first time in four years. South Korea's Kospi index fell 8.8%, while Australia's S&P/ASX fell 2.5%. India's Sensex lost 2.7%. In Europe, the benchmark Stoxx Europe 600 index fell 3.1%. The global turbulence spread to the cryptocurrency market, with the price of Bitcoin falling 20% to $49,812, while the price of Ether, another cryptocurrency, fell 27% to $2,186. These significant fluctuations can affect the real estate market in Paraguay in several ways. The decline in international stock markets may lead foreign investors to be more cautious with their investments, including the real estate sector in Paraguay. Additionally, investors may withdraw capital from real estate investments to cover losses in other markets, thereby reducing the liquidity available in the Paraguayan market. The fear of a recession in the United States and other important markets can have a cascading effect, affecting global economic growth and, therefore, the Paraguayan economy. A weaker global economy may translate into lower demand for goods and services exported by Paraguay, which would negatively affect employment and people's ability to invest in real estate. The drop in the value of cryptocurrencies such as Bitcoin and Ethereum may affect investors who use these assets to buy property. Instability in financial markets can reduce consumer confidence, which in turn could cause people to postpone purchasing property. Banks and financial institutions could tighten conditions for granting mortgage loans due to a riskier economic environment, making it more difficult to access financing for home purchases. If demand for properties decreases due to economic uncertainty, property prices may stabilize or even decline. A Deloitte study shows that financial crises can lead to a 10-15% drop in property prices. However, there are also positive effects. Investors looking to diversify their portfolios away from the volatile stock and cryptocurrency markets may find the Paraguayan real estate market a more stable and secure option. According to a CBRE study, 68% of global investors are diversifying their portfolios in response to financial market volatility. Volatility in other assets may cause investors to refocus on real estate, traditionally considered a safer long-term investment. If the Paraguayan real estate market is perceived as more stable compared to international markets, it could attract investors seeking refuge in times of uncertainty. Considering the good economic performance of Paraguay during the pandemic, where it was the country with the least economic contraction in all of Latin America and the Caribbean after the global health crisis, the policies adopted by the government proved to be successful in boosting economic growth and strengthening macroeconomic stability. . The average growth of 5.14% recorded in the five-year period 2006-2010 was vastly higher than in previous periods, despite the effects of the global economic crisis and adverse climatic factors that affected the economy in 2009. The global economic crisis, which had its epicenter at the end of 2008, negatively impacted Paraguay in 2009, the year in which, in addition to external disturbances, a severe drought severely affected agricultural production, resulting in a 4% drop in GDP. However, in subsequent years, especially in 2010, the Paraguayan economy recorded positive results, with a GDP growth rate of more than 13%, the highest in MERCOSUR and one of the highest in the world in that year. In addition, Paraguay reached investment grade (Baa3) according to the rating agency Moody's, reinforcing the perception of stability and security for investors. This information is relevant to the current context of volatility in global markets because it highlights the resilience of the Paraguayan economy in the face of previous international economic crises. Paraguay's ability to maintain macroeconomic stability and achieve significant growth during periods of global economic adversity demonstrates that the country can be an attractive haven for investors in times of uncertainty. Moody's investment grade rating further underscores this stability, suggesting that investments in the Paraguayan real estate market can offer security and growth potential that investors seek amid global financial turbulence. Falling prices in other markets could keep property prices in Paraguay more attractive, attracting both local and foreign buyers. An ECLAC report shows that foreign direct investment in real estate increased by 5% in Latin America in 2023, which could indicate a positive trend for Paraguay. Investors who made significant profits before the crash may choose to reinvest those profits in real estate. Central banks can reduce interest rates to stimulate the economy, which in turn could make mortgage loans more affordable and stimulate property purchases. The real estate market can show resilience in times of economic crisis, as the demand for housing and the need for commercial properties persists. The government could implement stimulus policies to support the real estate sector, such as tax incentives or construction support programs. Uncertainty in financial markets may lead to increased demand for safe haven real estate, increasing activity in the market. People may choose to invest in real estate properties instead of keeping their money in volatile financial assets. Companies in the real estate sector can innovate and adapt, offering products and services that attract investors in a changing environment. Investment in infrastructure and urban development can continue, creating additional opportunities in the real estate market. To mitigate the negative effects and take advantage of the opportunities arising from volatility in financial markets, real estate market players in Paraguay can take several proactive measures. These include developing risk management plans that consider contingency scenarios for different economic situations, conducting regular market research to identify trends and changes in demand, and diversifying their portfolios with a mix of residential, commercial and industrial properties to reduce risks. Additionally, it is crucial to use advanced technology and digital tools to improve the customer experience and optimize the sales and rental processes. Work with banks and financial entities to offer attractive and accessible financing options for buyers and investors. Continuous training of staff on market issues, technology, customer service and risk management is essential. Likewise, it is advisable to create campaigns to encourage local investors to invest in the national real estate market, highlighting stability and growth opportunities. Finally, showing the world the opportunities present in the country reinforces its attractiveness as a safe and profitable investment destination. Volatility in international financial markets and cryptocurrencies can present both challenges and opportunities for the real estate market in Paraguay. By proactively adapting to these conditions, market players can mitigate negative effects and take advantage of opportunities for growth and stability. It is important to maintain constant monitoring of how these dynamics develop to adjust strategies and decisions in real time, thus ensuring the resilience and competitiveness of the real estate sector in the country.