In the heart of the traditional Boquerón 1 neighborhood, Lofty Co-Living is positioned as an innovative project that will transform the urban lifestyle. This smart building, designed for university students, temporary residents and executives, not only offers comfort and modernity, but also a safe and profitable investment opportunity. With 64 modular units of 22 and 33 square meters, Lofty Co-Living stands out for its unique and striking design. The apartments come fully equipped, with kitchenettes, closets, refrigerators, beds and bathrooms. The smaller units have a bed, while the larger ones offer more living space, allowing for comfortable and functional living. In addition to its living spaces, Lofty Co-Living offers a series of amenities designed for modern urban living. Residents will enjoy 24-hour security, an all-day exercise room, as well as study and coworking rooms. Also included is a pay-per-use laundry room, three rooftop grills, and high-fidelity Wi-Fi throughout the building. Bicycle lovers will have dedicated parking, and those looking to relax will have access to a yoga and relaxation room. For greater convenience, the building has preferential spaces for services such as Uber and Bolt, as well as CCTV in all common areas and electronic access controls. An integrated cafeteria and garages for 15 vehicles complete this service offering. Lofty Co-Living is not only attractive to residents, but also to investors. It offers long-term rental contracts that ensure a stable return without worries about occupancy or additional costs. Lofty's comprehensive management takes care of all commercial aspects, guaranteeing a fixed net income and offering predictability and peace of mind to investors. The location of Lofty Co-Living in the Boquerón 1 neighborhood is strategic. Located steps from Lake of the Republic, the building is surrounded by universities, gastronomic areas, bars, convenience stores, pharmacies and green spaces. Nearby educational institutions include Universidad UCP, Universidad UNADES, Universidad UNIDA and Universidad María Serrana, making this project an ideal option for both students and professionals. To facilitate the purchase, Lofty Co-Living offers self-financing options. A 20% delivery can be made with 12-month interest-free installments. Unit prices range between $31,775 and $51,437, making this project an accessible and attractive investment. Construction of Lofty Co-Living began in March 2024 and is expected to be completed by May 2025. Developed by Metrika, a young company dedicated to creating profitable and sustainable real estate businesses, Lofty Co-Living reflects the company's commitment with research and analysis as a basis for the development of their projects. Metrika is also developing the Fronterra building in Ciudad del Este, consolidating itself as a key player in the region's real estate market. For more information on how to invest in Lofty Co-Living, interested parties can visit Metrika at +595 976 266144.

Located on the corner of Cap. Juan Genaro Lafranconi and León Fragnaud - today Emigdio Ayala Báez Street - in the traditional Recoleta neighborhood, stands Aires Recoleta, an innovative residential project that promises to redefine the experience of living in the Paraguayan capital. With the premise of offering spaces with greater spaciousness and comfort, the developer Realpy seeks to differentiate itself from the rest with this proposal, focusing on attracting owners who seek and value larger spaces, an excellent location and premium level amenities, greatly improving its quality of life. Aires Recoleta is located 900 meters from Shopping Mariscal López, close enough to enjoy its benefits, but far enough to avoid noise and traffic congestion. The location allows residents to enjoy the tranquility of a traditional neighborhood without giving up urban amenities. Some points of reference are: O'Gaucho steakhouse, Colegio de las Almenas, the Mariscal neighborhood and the Club Centenario, thus offering an ideal mix of convenience and serenity. Apartment typologies include studio apartments of 34 m², one-bedroom units of 55 m² and 64 m², and two-bedroom units of 104 m². All apartments have balconies, and the one and two bedroom apartments also include a balcony with a barbecue and their own laundry room. This variety of options ensures that residents can choose the space that best suits their needs. One of the most notable aspects of Aires Recoleta is its commitment to comfort and modernity. The apartments will be equipped with home automation, including Alexa systems, touch power outlets and smart locks. In addition, laminated glass has been installed to reduce high temperatures, improve energy efficiency and reduce electricity consumption by 20%. Each unit will have generator service in all suites, an innovative feature that will guarantee the operation of air conditioning, internet and basic lights during power outages, a crucial solution in a context where these outages are frequent. Amenities include a heated event room with grill, kitchen and games area, an outdoor barbecue area, deck solarium, infinity pool, premium gym and dry sauna. The inclusion of a dry sauna, instead of a steam one, responds to ease of maintenance and greater durability. The project includes six levels of apartments, two levels of parking and a rooftop with various amenities. The work is scheduled to begin in a few weeks, with an estimated duration of 18 months and completion scheduled for the end of 2025. The developer behind the project, Realpy, differentiates itself in the market for its focus on the livability of its projects. Unlike developments that prioritize investors, Aires Recoleta is designed for those looking for a comfortable, quality home. Realpy's approach has been validated by the opinion of important real estate agencies, who have praised the level of detail and the quality of habitability of the project. This approach has been well received, with 35% of the building already sold, reflecting the demand for well-designed homes located in quiet and convenient areas. The construction company behind the project is Altea Construcciones, a Paraguayan company established in April 2013. Altea Construcciones has quickly gained experience in the construction market and now also in the real estate development sector. Its motto is "With Quality and transparency we build trust", reflecting its commitment to generating works that fully meet the specified requirements to achieve customer satisfaction. For more information about Aires Recoleta, interested parties can contact Realpy at +595 981 777622 . This project promises to be an excellent option for those looking for a comfortable, modern and well-located home in Asunción, prioritizing the habitability and well-being of its residents.

Last Saturday, May 25, Towncenter presented its new building, Towncenter Jara, and showed progress of its most recent project, Towncenter Cañada. These real estate developments are based on two essential values: strategic location to improve the quality of life, real estate appreciation, and the efficiency in the monthly costs of expenses and maintenance, ensuring the tranquility of the residents and the return on investment. "Towncenter has two premises. First, the location, so that people live comfortably and close to everything. And second, that it is economically profitable. Low maintenance cost and efficient purchasing cost, which produces a return of approximately 6 or 7% annually. Something that is not normally achieved, but we are dedicated to precisely that: making the economic part and the comfort of the people the most important thing.” - Rodolfo Daumas, Director of Rodolfo Daumas L Real Estate Developments. Towncenter Jara is located in the heart of the Jara neighborhood, on Profesor Dr. Pedro Ciancio Street, almost Brasilia. This project will have 24 apartments, both one-bedroom and studio apartments. In addition, it will offer amenities such as a gym, coworking space and a large multipurpose room, aimed at those who want to live close to everything. This development stands out for the spaciousness of its spaces, its proximity to the corporate district, and the ease of access thanks to the main avenues of Asunción, including the waterfront. With 100% occupancy in other similar projects, Towncenter Jara promises a successful future. Towncenter Jara's location offers significant advantages. Five minutes or less away is access to the Costanera, the La Costa Medical Center, the American University, the Textilia Complex, España Avenue and Artigas Avenue. In fifteen minutes you can reach the downtown area of Asunción, the Héroes del Chaco Bridge, the IPS Central, Carmelitas and the corporate district, the Parque de la Saludo and Eusebio Ayala Avenue. The studio apartments have an area of 31 m2 and the one-bedroom apartments reach 44 m2, with prices ranging between USD 46,000 and USD 70,100. Covered garages cost 13,500 USD and outdoor garages cost 12,500 USD. Own financing includes a 20% initial delivery and up to 30 installments during the work, with the possibility of paying the balance according to the client's convenience. Construction will begin in early 2025 and is expected to last approximately 12 months. On the other hand, Towncenter Cañada is located in Fernando de la Mora Zona Norte, on Cañada del Carmen street, and is distributed in three towers. Two of them are already built and 100% rented, while the third is under construction. Tower 3 will have 25 one- and two-bedroom apartments, a heated barbecue area, swimming pool, green areas and parking. Upon completion of Tower 3 in early 2025, the project will have a total of 61 apartments. The location of Towncenter Cañada is also privileged. Five minutes or less away are the La Costa Lynch Medical Center, the Royal Plaza Shopping Center, the Municipality of Asunción, Identifications, Mariscal López Avenue and Madame E. Lynch Avenue. In fifteen minutes you can reach Shopping Mariscal López, Carmelitas and the corporate axis, Shopping del Sol, Avenida Eusebio Ayala, Avenida Santa Teresa and Shopping Pinedo. One-bedroom apartments are between 43.47 m2 and 49.3 m2, while two-bedroom apartments reach 75.13 m2. Prices vary between USD 54,048 and USD 95,376, with garages from USD 9,800 to USD 15,000, covered and open-air. Own financing includes a 20% delivery and the balance in installments financed until the apartment is delivered or up to 36 months, with an annual interest of 7.9%. Both projects are developed and built by Rodolfo Daumas L Desarrollos Inmobiliarios, with 45 years of excellence in Paraguay and more than 120,000 square meters built. His experience covers real estate, commercial, port and concessionaire projects, standing out in the development of works such as Vía Alegra, Puerto Liebig, and eight branches of the Centro de Neumaticos, among others. This track record guarantees quality and professionalism in each new challenge, offering opportunities for both residents and investors. For more information about these projects, you can contact Towncenter at +595 971 220209.

Nativus, Barrio Cerrado, is presented as a flagship project, fusing comfort and sustainability in a natural and avant-garde environment. Located on the Luque-Limpio route, in the Mora Kue neighborhood of the city of Luque, this development is designed for those seeking quality of life in the metropolitan area of Asunción, offering homes with high quality services. With 19 residences from 126m² built on 188m² plots, Nativus guarantees a well-kept and comfortable environment for its residents. Each residence will have a living room, dining room, social bathroom, kitchen, master suite with dressing room and two bedrooms with a shared bathroom. In addition, the option to add a flowerbed and pool is offered according to the client's preferences. All units include barbecue area with grill. Nearby points include the Panamerican International School, Los Jardines Supermarket, Biggie Mora Cue, and the International Airport, among others. Access to the Asunción Corporate Hub is just 14 minutes away, while routes to Limpio and Luque-Sanber guarantee convenient connectivity with the city. The project services include a Club House, recreation areas and a swimming pool, as well as administration, in-person security, an app for internal management of visits and use of amenities, and a treatment plant. The start of the work is scheduled for the first days of August, with an estimated duration of 12 months, as long as weather conditions allow it. The price of the residences starts at 149,980 USD and they also offer their own financing plans, as well as the option of financing for longer terms through the Banco GNB. This ambitious project is developed by Club Design, a company that started seven years ago as Club Jardín, specialized in landscaping. Noticing the growing demand for their design and construction skills and experience, they decided to diversify their offering and create CLUB DESIGN, a new business unit specializing in architecture and construction solutions. With this evolution, they identified an opportunity to expand into real estate development. The construction will be carried out by Benítez Bittar Constructora , a company with a 34-year track record in studies, planning, development, construction and investment advice on projects in the Architecture and Engineering sector in Paraguay. Benítez Bittar Constructora leads large-scale projects and works, whether residential, corporate, industrial, logistics or civil. From the city of Asunción, the company promotes the development of the country, working with the best resources and a first-class workforce to exceed the expectations of each proposed objective. Recognized for their excellence, commitment and quality in each project, Benítez Bittar Constructora guarantees the impeccable execution of Nativus, Barrio Cerrado. For more information about Nativus, interested parties can contact +595 993 603009 . This project promises to offer a unique living experience, combining luxury, comfort and sustainability in a privileged environment in Luque.

The Paraguayan real estate market has experienced notable growth in recent years, and this would not have been possible without the contribution of the outstanding construction companies that lead the sector. With innovative projects and a focus on quality, these companies have left a significant mark on the country's architecture and urban development. Below, we present a review of the main construction companies of real estate developments in Paraguay. BENITEZ BITTAR CONSTRUCTORA Directed by Engineer Santiago Benítez Vieira, Benitez Bittar Constructora is proud of its distinguished track record of more than 30 years in studies, planning, development, construction and investment advice on architecture and engineering projects. As promoters of the country's development, they lead major projects and works in various areas. Excellence, commitment and top-notch workmanship distinguish them in the market. Among his most notable projects are Distrito Perseverancia , First Mariscal , Carmelitas Plaza and Life de Gaulle. GÓMEZ ABENTE CONSTRUCCIONES Gómez - Abente SA Construcciones was founded in May 2012 by engineers Santiago Gómez Grassi and Miguel Abente Brun, who have more than 34 years of experience in the construction field in Paraguay. The company stands out for its unmatched capacity, commitment and reliability in each of its projects. The team is made up of professionals from different generations, combining experience, talent, avant-garde and innovation. Among his most notable projects are More del Sol , Go Tower , Magna Legion , Sky Park 3 and Nostrum Trinidad . CCI CONSTRUCCIONES With its beginnings in 1990, CCI focused on industrial works and later included building works in Asunción for prominent clients in the import and industrial sector. With more than 32 years of evolution and transformation, CCI SA has adopted quality assurance systems and new services to satisfy its clients. They are proud to actively participate in the country's real estate boom, collaborating on their own and third-party projects. Among his most notable works are The Station Las Mercedes, Laurus Asunción , Sun Palace Tower , Hit Asuncion and Urban Ykua Sati. CODAS VYUK With more than 40 years of experience, CODAS VYUK is a construction company with a construction seal based on the quality, trust and guarantee they offer to their clients. His extensive experience includes civil or industrial, residential, commercial or service works throughout the country. Committed to continuous improvement, they offer a high quality and reliable service, working with a team of highly trained professionals to exceed their clients' expectations. Among his most notable projects are Vivo Boggiani , Albor Apartments , Edificio Paseo de los Teros and Vivo Costanera. TECINCI A pioneer in obtaining ISO 9001 certification in Paraguay, Tecinci has a history of 35 years and has carried out works in various areas of the country. Its environmental management system, occupational safety and quality are fundamental pillars in its work philosophy. Tecinci stands out for its participation in industrial, residential, commercial and service projects, providing customized solutions for each of its clients. Among his most relevant projects are Urban Hassler, Civis Alpha, Urban Colman, Petra Icon, Petra Tower , and Toyotoshi Corporate Offices. AGB CONSTRUCTORA With 45 years of experience and 135 works delivered, AGB Constructora has been fundamental in the development of the country. Its solid structure, accompanied by committed professionals, advisors and suppliers, allows for integrated and quality production. AGB Constructora is the first company in the country to obtain the three ISO Standards for Environmental Management System, Occupational Safety and Quality. Their commitment to continuous improvement and customer satisfaction has positioned them as one of the most prominent construction companies in the country. Among his most notable projects are The Address , New World Tower , Shopping Costanera Encarnacion, More Mariscal and Park Plaza. These construction companies, with their innovative projects and solid experience, have contributed significantly to the real estate development of Paraguay. Its commitment to quality, trust and excellence has left a lasting mark on the country's urban landscape and improved the quality of life of its inhabitants. Looking to the future, these companies continue to lead the way in the construction and real estate development sector in Paraguay.

Benítez Bittar Constructora, a family business with 34 years of experience in the construction sector in Paraguay, has established itself as a benchmark in the market thanks to its strategic vision, its focus on quality and its commitment to innovation. Founded in 1989 by engineer Santiago Benítez, the company has experienced a notable evolution since its beginnings to become a benchmark in the field of construction. Engineer Santiago Benítez, visionary and entrepreneur, founded the company with the objective of offering high-quality construction solutions and fine finishes to his clients. Since then, Benítez Bittar Constructora has stood out for its focus on excellence and its ability to adapt to market changes. One of the keys to the success of Benítez Bittar Constructora has been its ability to reinvent itself and adapt to new market trends. In 2014, the company underwent a significant transformation, coinciding with the opening of Paraguay's business sector to the world. This period marked the beginning of what is known as the second real estate boom in the country, and Benítez Bittar Constructora was at the forefront of this movement. During this period of growth and expansion, Benítez Bittar Constructora specialized in industrial and logistics real estate development, taking advantage of the tax incentives and investment opportunities that the market offered. The company became a strategic partner for international companies seeking to establish themselves in Paraguay, offering comprehensive services that included everything from choosing the land to marketing the properties. One of the keys to the company's success lies in its customer-centric approach and its ability to offer customized solutions. The so-called "BBC experience" is based on the idea that construction is just one part of a broader value chain, which includes project development, land selection and marketing. This comprehensive vision has allowed the company to generate solid and lasting relationships with its clients, based on trust and loyalty. The construction company offers preliminary project, development and executive project services, as well as construction, which is the main focus and strength of the company, along with comprehensive support to facilitate the implementation of all types of investments. In the residential field, Benítez Bittar Constructora has distinguished itself for its focus on quality and attention to detail. The company is not limited to offering high-quality homes, but is involved in the entire process, from project development to final delivery. This closeness to the client and this concern for their well-being have been fundamental to building lasting relationships and generating loyalty among clients. In addition to its focus on quality and innovation, Benítez Bittar Constructora has stood out for its ability to diversify its operations and expand into new markets. The company has carried out important projects throughout the country, from Asunción to Luque, Fernando de la Mora, and now expanding to cities such as Encarnación and Ciudad del Este. Benítez Bittar Constructora's commitment to excellence is reflected in each of its projects, from the largest to the smallest. The company prides itself on its ability to offer comprehensive solutions tailored to the needs of its clients, and its reputation in the market is a testament to its commitment to quality and customer satisfaction. With more than 350,000 square meters of work in progress and emblematic projects such as the Perseverancia District, Benitez Bittar Constructora is positioned as a key player in Paraguay's real estate panorama. The company is distinguished by its commitment to excellence, its capacity for innovation and its long-term vision. Among the notable projects in Benitez Bittar's portfolio are: in large-scale civil projects, Distrito Perseverancia , Zuba Plaza , REISA, First Mariscal and Estacionamiento La Costa; in residential areas, Aires del Laurel , Lomas Plaza, Carmelitas Plaza, Eleva by ZUBA, and the complete line of ZUBA buildings; in commercial, Manpower Building, Tecnohome, Paseo Lynch, and Skytel Building; and in logistics, Parque Logístico NSA, Abasto Norte, Medsupar, Celexx and Mercado Plus. In short, Benitez Bittar Constructora is much more than a construction company. It is a strategic partner for its clients, offering innovative and personalized solutions that go beyond expectations. With 34 years of experience in the market, the company continues to be a benchmark in the construction sector in Paraguay, and its commitment to excellence and innovation places it in a privileged position to continue growing and expanding in the future. For more information about Benitez Bittar Constructora you can visit their website benitezbittar.com.py

Last night, an architectural landmark was unveiled that promises to transform the city's skyline. Paseo 55, the tallest residential tower in Paraguay, was unveiled at a launch ceremony on Paseo La Galería. With 55 floors and an impressive height of 212 meters, Paseo 55 stands as a symbol of innovation and luxury in the Paraguayan capital. One of the most notable features of Paseo 55 is its direct and secure connection to the Paseo La Galería shopping complex. Residents of Paseo 55 will have access to a wide range of amenities, from world-class shopping to exceptional dining options, entertainment, services, offices and much more. This direct connection provides a unique lifestyle where everything you need is at your fingertips. Paseo 55 offers a variety of unit types that adapt to the needs of different lifestyles. From two-, three- and four-bedroom apartments to duplexes and penthouses, residents can choose the configuration that best suits their preferences and needs. Quality is a priority at Paseo 55, and this is reflected in the high-end finishes that awaken the senses and create a unique experience for its residents. From the living spaces to the smallest details, every aspect has been carefully designed to provide unmatched luxury. Paseo 55 is located in the center of the corporate and residential distirct of Asunción, with direct connection to Paseo La Galería. This strategic location guarantees easy access to the main areas of the city and a wide range of services and amenities. The 55th Floor of Paseo 55 houses impressive amenities, including a high-rise swimming pool, five independent barbecue areas, a yoga deck and a panoramic view from the highest point in Asunción. On the ground floor, residents can enjoy the lobby, coworking spaces, and a beauty spa. Additionally, on the 5th Floor, there is a multipurpose room and a gym. The garden on Floor 5 offers green areas, wide paths, a children's space, a family pool and an outdoor deck. Paseo 55 guarantees the safety of its residents with pedestrian, vehicular and differentiated service accesses, along with two exclusive pedestrian accesses to the Paseo La Galería complex. The building also features smart access control systems, CCTV monitoring and physical security to provide peace of mind to residents. The building offers large and comfortable parking spaces, with more than 600 spaces available, including more than 30 covered parking spaces for visitors. In addition, it has a charging station for electric vehicles and a vehicle washing station. Services such as a 24-hour concierge, changing rooms with lockers for service personnel, and a waiting room for drivers ensure the comfort and well-being of residents. The building has high-quality basic services, such as a water supply backed by its own well, electricity supply with 100% generator set coverage and fire protection systems with sprinklers and electronic detection. In addition, five high-speed elevators ensure efficient connectivity throughout the building, with Wi-Fi available in common areas and the infrastructure for telephone signal repeaters. Behind Paseo 55 is Blue Tower Ventures Paraguay, part of Guatemala's ONYX group, which began operations in Paraguay in 2013. This group is known for being an innovator in the development of Asunción's new skyline and is proud to build the complexes most modern and innovative in the country. Paseo 55 has assembled a team of internationally renowned designers and consultants to ensure excellence in every detail. The architectural project was carried out by SIX ARCHITECTS from Guatemala, while STO Análise e Solucões Estruturais from Brazil was in charge of the structural analysis and aerodynamics. Sismoconsult from Guatemala was in charge of the structural project, and NOVA Fluid Mechanics from England contributed with the wind study. The air conditioning and mechanical ventilation design was carried out by DATUM of Brazil, and the fire prevention and fighting project was carried out by LUME of Paraguay. Regarding the interior design, Luciana Almeida Arquitetura e Interiores from Brazil and aquino + by cesar aquino from Paraguay contributed their experience, while Pokorny Valencia Arquitectura del landscape from Guatemala was in charge of the landscaping project. Work on Paseo 55 will begin in April 2024, with delivery of the first units expected to take place in the first half of 2028. For more information about this exciting project, you can contact +595 981811800. Paseo 55 is destined to become an icon of Paraguayan architecture, offering an unparalleled living experience for its lucky residents. Its innovative design, its connection to Paseo La Galería and its exceptional amenities promise to raise the standard of luxury in Asunción. This is a new milestone in Paraguay's real estate development that all lovers of architecture and luxury living will not want to miss. With Paseo 55, Asunción's skyline has reached new heights, and its legacy will endure for generations.

Located in the old access to San Bernardino, a few kilometers from the Paraguayan capital, Asunción, the Highlands real estate project stands as an architectural jewel that promises to redefine the concept of luxury, nature, sports, and comfort in an unparalleled environment. Highlands is distinguished by the perfect synergy it achieves between the exuberant nature of the place and the magnificence of the art and sculptures that define its identity. One of the most notable aspects of the project is the presence of an artificial lagoon developed with Crystal Lagoons® technology, with a beach. This oasis will be the setting for 469 lots, 75 townhouses and will cover a total of 90 hectares. The facade and views of Highlands have been carefully designed to present an interesting duality. The facades that surround the beach have a light and subtle design, which seeks to merge with the natural environment, creating a serene and peaceful experience. In contrast, the exterior facades exhibit more corporeal volumes that reflect the expression of modern architecture. The landscaping surrounding the Highlands is an integral part of its appeal, designed to enhance the biodiversity of the area and create spaces that invite connection with nature. Native and complementary plants, such as gardenias, lilies, jasmines and Bismarck palms, have been used to stimulate all of the residents' senses. The lagoon with Crystal Lagoons® technology is one of the main attractions of the project, standing out as the lagoon with the largest beach area in the world, with 27,838 m2 of water and 21,637 m2 of sand surrounding 100% of the lagoon. This provides a natural look with no white edges and an idyllic space to relax and enjoy the surroundings. The homes that will be built on the lots overlooking the beach or on the condominium blocks will maintain architectural coherence throughout the entire development. The Highlands Club House brings together top-notch amenities, including a beach bar, fitness center, grilling area and a children's play area. The project is developed in two stages. The first stage focuses on the construction of the residential area of the lots, townhouses and the lagoon. The lots range in size from 421 to 1,210 square meters, with prices ranging from $37,047 to $302,558. In addition, modern design townhouses are offered that will be delivered completely built, steps from the lagoon, with prices starting at $179,850. The second stage of the project includes the marketing of macrolots for the construction of six avant-garde design apartment buildings with privileged views of the lagoon. During this phase, the addition of a shopping and dining promenade is also planned, as well as an independent boutique hotel overlooking the lagoon and its own beach, all designed to offer an exceptional level of safety and comfort. The project began construction in October 2023, and the first stage is expected to be completed in January 2026. Highlands is developed by Petrohué Real Estate, a real estate company led by Chilean engineer Martín Tampe, with a successful 13-year track record in Chile and Paraguay. The architectural design is carried out by the prestigious Gould Architecture studio, directed by the renowned architect Cristian Gould. For more information and questions, contact Commercial Director Rodrigo Alvarenga at +595 981008050 of Century 21 Experience.

In Paraguay's dynamic real estate scene, the luxury residential market has undergone a significant transformation in recent years, with a special focus on apartments and residences. In an interview with David Rodríguez Moreira, CEO of Paraguay Sotheby's International Realty, we explore the trends, developments and challenges that characterize this thriving sector. Luxury Apartments in Asunción When we address the topic of luxury apartments in Asunción, Rodríguez highlights the notable evolution that this market has experienced in the last seven years. He points out that the substantial increase in apartments aimed at the luxury segment has been evident, with varied proposals. Jade Park, for example, is distinguished by its spacious grounds and an impressive array of amenities. With three residential towers offering two, three and four-bedroom units, it is located in a residential neighborhood, providing an exclusive living experience. On the other hand, the residential building Eminent offers apartments furnished by Armani in the new corporate district of the city, attracting clients, which is distinguished by its European style and high-end amenities. The apartment market reflects a transition in the preference of Paraguayans towards this type of housing. Rodríguez highlights that those who opt for apartments tend to be people in a different stage of their lives, such as couples whose children have entered university abroad. Convenience, security and lower maintenance burden are determining factors in this transition towards apartments smaller than a house, but luxurious. Variety in Apartment Proposals The variety of proposals in the apartment market is evident in developments such as Carmen Dora, which offers spacious 380 square meters, and Casa Vista, with lockable apartments of up to 500 square meters. Flexibility in options, both in size and location, allows buyers to tailor their choices to their specific needs and preferences. Apartments offer benefits that go beyond living space, such as distributing maintenance costs for common areas. This feature, together with safety and practicality, contributes to a high quality of life in urban environments. Furthermore, the appreciation of Asunción's panoramic view and its lush green surroundings has led to increased demand for luxury apartments. Luxury Residences and the Diversity of Demand When addressing the luxury residence segment, Rodríguez highlights the diversity in demand, classifying them into different price ranges. Residences ranging from USD 500,000 to USD 1,000,000 are particularly sought after, with buyers seeking modern style, spacious patios and locations in traditional neighborhoods such as Ycua Satí, Santo Domingo, San Jorge, Manorá, Las Lomas and Mburukuya. As the price increases, demand decreases slightly, and buyers in the $1,000,000 to $1,500,000 range tend to purchase land and build their own homes. Gated Neighborhoods: Growing Trend The interview reveals that gated communities have experienced rapid acceptance in the luxury market in Paraguay. Security and internal infrastructure, which often exceeds public availability, are key factors in its success. These developments offer artificial lagoons, outdoor gyms, event halls, restaurants and more, creating an exclusive lifestyle. Luxury in Other Regions of Paraguay The interview with Rodríguez also highlights the rise of the luxury market in other regions of Paraguay, such as Alto Paraná, where Ciudad del Este and Hernandarias are notable for developments such as the Parana Country Club and Costa del Lago. Likewise, Encarnación has experienced significant growth, driven by investments, tourism infrastructure, and the migration of Argentines during the pandemic. Santa Rita, with its agri-livestock focus and thriving farming community, has emerged as a locally strong residential market. Although the market is smaller in size, Santa Rita stands out for having the highest domestic product per capita in the country, driven by agricultural activity. Rodríguez also mentions the emergence of new areas, such as Nueva Asunción, promoted by the new Heroes del Chaco bridge. This area is expected to develop further in the coming years, with the addition of schools, shopping centers and more. Challenges and Opportunities in the Luxury Market As for the challenges, Rodríguez points out a lack of supply in the range of 500,000 to 1,000,000 dollars for modern residential houses in good condition. This gap between demand and supply presents an opportunity for developers and sellers who can meet the expectations of a growing market. In recent years, the local market has experienced an increase in the offering of architectural services and designs, with new architects graduating every year and local suppliers importing high-quality materials. This has led to greater diversification in terms of architectural styles and proposals. Conclusions and Future Perspectives The interview with David Rodríguez Moreira offers a comprehensive vision of the luxury market in Paraguay, highlighting the diversity of options in apartments and residences. The evolution of buyer tastes and preferences, along with the growth of specific areas, reveals a constantly changing and expanding real estate market. As new proposals and developments continue to emerge in Asunción and other regions, the future of the luxury market in Paraguay looks promising. The combination of unmet demand, infrastructure development and a growing supply of services and architectural designs positions Paraguay as an attractive destination for those seeking to live in luxury and exclusivity.

The Palacio Ingrid has emerged from a long-standing passion for the restoration of ancient real estate and structures with particular histories and prestige. Since the owner's first visit to Paraguay in 2017, the visionary behind this project was captivated by the development potential in the city center of Asunción. Despite the risks, he decided to invest in the restoration of a palace in the heart of the old town. Located at Presidente Franco 581-583-585, between 14 de Mayo and 15 de Agosto, a few steps from the Presidential Palace and the Congress Building, the Palacio Ingrid stands as an architectural masterpiece. This residence of almost 600 square meters has five bedrooms and eight bathrooms, as well as a kitchen custom designed by Dell Anno, a lush garden, swimming pool, gym with sauna and a large barbecue area. In August of 2019, demolition work began to create a solid foundation for the restoration. Preparation included gutting the building for installation of essential infrastructure such as plumbing and electrical. Every detail, from the metal parts to the antique stones, was meticulously treated and restored. The restoration not only focused on functionality but also aesthetics. The wooden doors and windows were painstakingly restored and fitted with modern double glazing for exceptional thermal and acoustic insulation. The double garage on the ground floor was the result of careful negotiation with the municipality to modify the protected façade without compromising visual harmony. In the office space, the restoration revealed the old red brick ceiling and iron beams, testimony to the traditional Paraguayan construction techniques. The office flooring replicated antique décor with sophisticated aging techniques for maximum authenticity. The house has three rooms designed with moldings, cornices and rose windows corresponding to the period and architecture of the main building. The attention to detail extends to the honey-colored varnished parquet, which features large planks to disguise the geometric imperfections of the walls. The property is not only a gift for the senses inside, but also a pleasure from the outside. The deck-style platform on the roof allows you to enjoy panoramic views of the pool, gym, the city center and the majestic López Palace. A key element of the restoration was the creation of an access to the upper floor turret from the main house, connecting five overlapping levels. The garden, on the first floor, includes two terraces, lawn, illuminated pool and a waterfall, all designed to efficiently manage drainage during heavy rain. Security was also a priority, with strategically placed surveillance cameras and an alarm system monitored 24 hours a day by the country's leading security company. Through an application, the owner is able to view the cameras at any time and from anywhere. The restoration of the Palacio Ingrid fuses historic charm with authenticity and modern refinement, offering ultra-modern comfort in an old town setting. Although located in the heart of the city, the property guarantees privacy and tranquility, protecting its residents from external disturbances. The execution of this ambitious project was carried out by BCN Constructiones, part of the Spanish group Grupo Barcelona, known for the restoration of the iconic "Palmaroga" hotel. The Ingrid Palace is currently for sale, for more information, you can contact Paraguay Sotheby's International Realty through contacto@psir.com.py or by calling +595 21 688 7500 / +595 982 609983. Don't miss the opportunity to acquire this unique jewel in the Center of Asunción.

The city of Asunción is preparing to receive a new and exclusive real estate development that promises to combine comfort, elegance and a privileged location. Palmanova Villa Morra, located on Campos Cervera between Legion Civil Extranjera and Gral. Torreani Vera, is presented as a unique proposal in the heart of the Paraguayan capital. This innovative project is located in the prestigious Villa Morra neighborhood and stands out for its unbeatable location and excellent connectivity. Villa Morra is known for being an area that offers a wide selection of boutiques, gourmet restaurants and luxury residential properties, making it a location of choice for those seeking a distinguished lifestyle in the city. Palmanova Villa Morra will have a total of 37 apartments, which include 1 and 2 bedroom apartments, as well as two exclusive penthouses, distributed over 6 floors. In addition, 3 floors of parking will be available for the convenience of residents and visitors. The 1-bedroom apartments vary in size from 59 m2 to 65 m2, while the 2-bedroom apartments offer spaces ranging between 84 and 87 m2. The two available penthouses have a generous 280 m2. Prices for these exclusive residences range from USD 80,000 to USD 400,000, allowing a variety of options for future owners. One of the highlights of Palmanova Villa Morra is its impressive range of amenities, spanning 600 m2 and offering an unrivaled luxury experience. Amenities include sauna, jacuzzi, swimming pool, solarium, gym, balcony with grill, laundry and garages available. The construction of Palmanova Villa Morra is scheduled to begin in December 2023, with an estimated construction duration of 16 months. The architectural project is carried out by Jasper Architects, an international firm with presence in Buenos Aires, Berlin and Asunción. Founded by Martín Jasper in 2008, this firm is characterized by its meticulous investigation of site conditions, social and urban history, and programmatic and functional objectives, resulting in design solutions that propose new and profound interpretations of the context. Jasper Architects has designed more than 428,000 m2 worldwide. The development, construction and marketing of Palmanova Villa Morra is carried out by Katuete SRL, a company with more than 24 years of experience in the real estate market. This project represents the second building under the Palmanova brand, the first of which, Palmanova Las Mercedes, is under construction and is estimated to be delivered in December 2024. The project manager of Palmanova Villa Morra is Canopy SA, a company established in 2006 with more than 15 completed projects. Their services include advice on construction, development, investments and valuations, ensuring the quality and success of the project. Palmanova Villa Morra promises to be a milestone in Asunción's real estate landscape, offering a luxury and exclusivity living experience in an unrivaled location. With construction scheduled to begin soon, this exciting development is already attracting the attention of those seeking the best in urban living. If you would like to know more about this project you can contact Katuete SRL at +595 983 196927.

In an event held yesterday at the Puente offices in tower 4 of the World Trade Center, Puente and Codas Vuyk presented the progress of the Complejo República and Albor Apartments projects. Both developments have an investment fund managed by Puente Administratora de Fondos SA and are traded on the Asunción Stock and Products Exchange (BVA). Diego Vuyk, director of Codas Vuyk, highlighted: "We create quality proposals for different needs. In the case of the República Complex, we built three towers with comfortable and accessible apartments for families looking for a functional and well-located space to live and enjoy at home. "For its part, ALBOR is a building, with top-level design and amenities, that attracts the interest of those who choose a cosmopolitan lifestyle." The Complejo República, with 162 apartments distributed in three towers and a surrounding green area of more than 9,000 square meters, is the first development of that scale in the city of Luque. It is designed as a quality residential solution for families looking for a comfortable, modern, accessible and safe space in a strategic point of Greater Asunción. The units have 1 to 3 bedrooms, a variety of amenities such as a swimming pool, barbecue area with barbecue, park and large parking spaces per tower. The work is already in the completion stage and the delivery date of the apartments is scheduled for the month of July. The units of the República Complex, according to the available typologies, have values per square meter ranging from USD 1,150 to USD 1,350. 100% bank financing is offered in installments, with the benefit of starting to pay when you move in. For its part, ALBOR Apartments is a premium development under construction in the Las Lomas neighborhood in Asunción. Located in a strategic area, in the corporate district of Asunción, this development will have 27 floors, 99 apartments with 1, 2 and 3 bedrooms, 5 levels of garages and social areas and amenities. In addition, the building is in the process of obtaining EDGE certification, being the first large building in the area that will have this certification. EDGE is an international sustainable construction certification that focuses on more efficient buildings and allows processes to be evaluated and strategies developed aimed at reducing consumption by 20% or more of electrical energy, water use and the energy incorporated in buildings. construction materials.This not only makes the project more sustainable, but also translates into financial savings for the end user. In ALBOR Apartments, the value per square meter ranges from USD 1,450 to USD 1,600, depending on the dimensions and characteristics of each unit. The financing plan includes up to 50% in installments, with a percentage on delivery and the balance upon possession. In both projects there are differential proposals for investors who acquire more than one unit. "We are advancing with the commercialization of ALBOR and in July we will begin the delivery of units of the Republic Complex. In addition, to facilitate access to the units of the latter, we offer a financing plan with immediate delivery that, we are convinced, will capture the interest of who are looking to access a first home with very competitive conditions," added the director of Codas Vuyk. Codas Vuyk, the company behind the development and construction of the projects, has more than 45 years of solid track record and experience in the Paraguayan market. Its team of professionals is fully committed to the objective of providing an excellent service. They are characterized by their "constructive seal of high quality, trust and guarantee" that they offer to their clients. This work is reflected in the company's works, which improve people's quality of life and add value, making it an essential ally of its clients in achieving their objectives. Codas Vuyk is committed to offering quality and highly reliable service in a relationship environment that enhances human qualities. They develop projects and constructions with the most demanding standards in safety, quality and punctuality. They are committed to broadly satisfying the needs and expectations of their clients, meeting their requirements for quality, deadlines and profitability. Antonio Cejuela, director of Puente, commented: "At Puente we are attentive to detect business opportunities in strategic sectors, understanding the potential of real estate in Paraguay. We work with the Codas Vuyk team to design attractive proposals for local and international investors looking at the region with interest". The Puente Investment Funds are a financial structure that facilitates the participation of individual, corporate and institutional clients in key areas of the real economy, through an instrument validated and monitored by the National Securities Superintendency. The capital managed by the ALBOR Fund supports and guarantees the project. With more than 100 years of experience, Puente is a leading entity in the region at a global level, with offices in several Latin American countries. Based in the United Kingdom, the Holding has offices in Argentina, Uruguay, Paraguay, Panama, the United States and Spain to serve more than 35,000 clients. With a team of more than 350 professionals, they accompany people, companies, institutions and communities through their business units: Wealth Management, Corporate Finance, Capital Markets and Sales & Trading. For more information about the projects and investment options, you can visit the Puente Puente.com .py and Codas Vuyk codasvuyk.com.py websites.