In the field of the Paraguayan real estate market, it is essential to understand the particularities that distinguish temporary rentals from traditional ones. Both modalities have their own advantages and challenges, and the choice between one or the other may depend on various factors. Unlike what happens in other countries, in Paraguay both temporary and traditional rentals are governed by the same law, specifically Law No. 1,295 on Rental, Leasing or Financial and Commercial Leasing, and share a VAT rate of 5 %. Traditional rentals are distinguished by long-term contracts, providing stability in monthly income for those investors looking for a constant and predictable flow in the long term. However, this stability may be affected if the owner decides to sell the property or needs to live in it, since the contract must be terminated by the tenant. Another disadvantage is that income is fixed and cannot be adjusted according to demand or season. On the other hand, temporary rental offers greater flexibility, with short-term contracts ranging from a few days to six months. This allows the owner to dispose of the property for other purposes or sell it as desired. However, it does involve the need to ensure that the property is fully equipped and furnished, which may incur additional costs. As for possible disadvantages, short-term rentals can face problems such as damage or theft of equipment, conflicts with the building consortium, less legal support for the costs of an eviction, an increasingly competitive market, lack of guarantees against major damages , and impossibility of collecting debts/damages from foreigners. Additionally, the competitive market and lack of guarantees against major damages may present additional concerns. Temporary rentals also require more constant attention to ensure tenant satisfaction and maintain a good reputation on platforms such as Airbnb or Booking. Despite these considerations, short-term rental can be more profitable than traditional rental. According to estimates, the average net monthly income for a two-room apartment for temporary rental in Asunción can amount to 840 USD, without deducting expenses and with an occupancy rate of 70%, while in the case of a traditional rental it would be 650 USD. For owners, it is important to take into account the specific needs of each type of rental. While in traditional rentals tenants usually bring their own furniture and appliances, in the case of temporary rentals it is expected to find the property fully equipped and furnished, which implies an investment of between USD 4,000 to USD 6,000 if it is a studio apartment or 2 rooms. , respectively. Additionally, short-term rental can be an attractive option for students and business travelers. With the growth of remote work, there is a growing demand from people looking for medium-term stays in comfortable, well-located places. This represents an opportunity for homeowners who can adapt their properties to meet this specific demand. On the other hand, traditional renting is ideal for families or young people who live in cities but do not have a large amount of money to buy their own home. In a context of high interest rates in Paraguay, acquiring property can be difficult for many. These renters are looking for homes close to their workplaces and their children's schools. In Asunción, there has been an increase in demand for properties from people who lived in nearby cities but worked in the capital, due to increasing traffic in the region. The dynamics of the Paraguayan real estate market reflect these changing trends, where both temporary and traditional rentals find their place depending on the needs and preferences of tenants. While the first adapts to a more mobile and temporary profile, the second is aimed at those seeking stability and roots in a place. Understanding these dynamics is essential for investors and owners who want to maximize the performance of their properties in an increasingly diverse and demanding market.

In Paraguay, the eviction process is regulated by Law No. 1337, specifically in its Codigo Procesal Civil. Under Title VII of these regulations, the provisions and procedures to be followed in cases of eviction are established, ensuring both the rights of the landlord and the tenant or any precarious occupant. According to Article 621 of this law, the eviction proceeds against the tenant, sub-tenant or any precarious occupant who has the obligation to return a property or part of it. The claim must be submitted in writing and the defendant has a period of six days to respond to it. If you do not do so, the facts set forth in the complaint will be considered true and a judgment will be issued without further processing, as established in Article 622. Furthermore, Article 632 of the Codigo Procesal Civil establishes the effects of the ruling against any other future third parties in the event of eviction. The eviction will be effective against any occupant after the initiation of the trial, if the plaintiff, when promoting it, has requested that the property that is the subject of the trial be registered as litigated and that the judge, or the secretary commissioned for this purpose, carry out the recognition of the property. , leaving a record of its occupants. These proceedings must be carried out within a period of eight days from the filing of the claim. It is important to mention that, according to the modification introduced by Law No. 6979 in 2022, the eviction will not proceed when the lawsuit is directed against elderly ascendants of the owner or people with disabilities whose legal duty to provide food is attributable to the actor or owner of the property, and the eviction produces a state of vulnerability and serious abandonment. This situation can be proven at any stage of the process, without suspending its prosecution and must be resolved with the final ruling following an opinion from the Public Defender's Office. The eviction process in Paraguay is not criminal in nature, but civil. Not only the ownership of the land is protected, but also its tenure. For an eviction to take place, it is necessary to have a court order. Regarding the duration of an eviction trial, it can vary depending on whether there is opposition from the defendant. In the absence of opposition, the process can last between approximately 6 months and 1 year. However, if there is opposition, the trial can be extended from 1 year to even more than 20 years depending on the complexity of the case. It is important to note that if the owner of the property decided to evict the tenant without previously obtaining an eviction order issued by a judge and acted on his own, it could entail legal consequences in both the criminal and civil spheres. Article 141 of the Penal Code establishes that the violation of residence consists of entering a home, commercial premises, official office or other closed place without the express consent of the person who has the right of admission, or in not leaving said places despite the request of the owner thereof. If found guilty of this crime, the owner could face a prison sentence of up to two years or a fine, depending on the severity of the situation. Furthermore, if the owner acted jointly with another person, seriously abusing his public office or using weapons or violence, the penalty could increase to five years in prison or a fine. It is important to highlight that criminal prosecution in these cases will depend on the victim's case, that is, the affected tenant. In the civil sphere, the owner of the property could also face an injunction trial, in accordance with Article 638 of the Civil Procedure Code. Injunctions are legal actions that can be taken to acquire, retain or recover possession of property, or to prevent the completion of new work without proper consent. In summary, the Eviction Law in Paraguay seeks to guarantee a fair and equitable process for all parties involved, protecting the rights of landlords and tenants, and ensuring compliance with legal provisions regarding eviction. However, it is important to keep in mind that the process can be slow depending on the complexities of the trial.

Last Tuesday, Paraguay Sotheby's International Realty commemorated three years of operations in the Paraguayan market. The celebration took place at the Raíces Real Estate Experience Center, where directors and the team of real estate advisors and staff of Paraguay Sotheby's met to remember the achievements, challenges and growth experienced during this time. Among the featured activities of the night was a work of art that served as a canvas for shared emotions and memories. Each guest left their mark with phrases that reflected the spirit of the company. Additionally, participants enjoyed an interactive experience at a drinks bar, where they learned how to create their own personalized drinks. During these three years, Paraguay Sotheby's International Realty has established itself as a benchmark in the luxury real estate market in Paraguay. With a focus on personalized service, international experience and an exclusive portfolio of premium properties, the company has successfully closed more than 466 high-value transactions, contributing to the growth of the real estate sector in the country. The firm is distinguished by its global network of highly trained professionals and its exclusive access to luxury properties around the world. Backed by the renowned Sotheby's Auction House brand, they are positioned as leaders in the luxury real estate market, offering unparalleled service and experience. Since its founding, Paraguay Sotheby's has witnessed sustained growth in the Paraguayan real estate market, driven by factors such as economic development, foreign investment and demand for high-end properties. Political stability and improvements in infrastructure in the country have also contributed to this growth. To position itself in the local market, the company has implemented strategies that include a solid presence in digital media and social networks, participation in industry events and strategic alliances with key market players. Their focus on quality, transparency and personalized attention has allowed them to differentiate themselves and gain the trust of their clients. Despite the challenges presented by the pandemic, Paraguay Sotheby's has demonstrated adaptability and resilience. They have strengthened their digital presence, offering innovative experiences and high-quality service. The CEO, David Rodríguez, highlights that one of the biggest challenges has been maintaining agility and adaptability in a constantly changing business environment. To overcome this, he has fostered a culture of innovation and continuous learning, prioritizing collaboration and teamwork. The company is committed to contributing to sustainable development and community well-being through corporate social responsibility initiatives. The public response to Paraguay Sotheby's has been extremely positive, earning the trust and loyalty of a demanding customer base. Over the next year, the company will announce several innovative projects, including the development of new luxury real estate projects, the introduction of exclusive services and the expansion of its national and international presence. These projects reflect its continued commitment to excellence and innovation in the Paraguayan real estate market. With a long-term vision, Paraguay Sotheby's is positioned to consolidate itself as the undisputed benchmark in the luxury real estate market in Paraguay. They seek to expand their presence throughout the region, with the aim of attracting potential investors to the Paraguayan market and continuing to offer a world-class service that exceeds the expectations of their clients. They remain attentive to emerging trends in the real estate sector and have continually adapted to meet the changing needs of their clients. This includes the incorporation of innovative technologies, such as Data Analytics, artificial intelligence, as well as the exploration of new markets and customer segments. Numerous growth and expansion opportunities are envisioned for Paraguay Sotheby's International Realty in the near future, including the diversification of its property portfolio, geographic expansion to new areas of interest and the development of complementary services, such as investment management and financial advice. To stay up to date with the news from Paraguay Sotheby's International Realty, you can follow them on Instagram @paraguaysir . If you would like to inquire about their diverse property portfolio or market your property, you can contact them at +595 982 445093 .

The Central Bank of Paraguay has published the Monthly Summary of Reference Interest Rates for the month of May, offering a detailed overview of the interest rates offered by different financial entities in the country. In general terms, it is observed that most banks have maintained their minimum interest rates for housing financing with AFD Funds (Development Administration) in local and foreign currency without significant changes compared to the previous month. However, there are some exceptions, such as the slight increase in the minimum and maximum rates in local currency by Banco GNB Paraguay and the alteration of minimum and maximum rates in local currency by Banco Río, compared to the month of April. An interesting trend is the disparity between the rates offered for housing financing with AFD Funds and own funds. In general, the rates for financing with own funds are higher and more significant changes are observed than those for AFD Funds. In this sense, the specific changes in some financial entities stand out, such as the increase in minimum rates in local currency with Own Funds in Banco GNB, Banco Continental, Banco Basa, Vision Banco, Banco Río and BANCOP. In turn, Banco Itaú, Banco Familiar and Banco Atlas have experienced a significant reduction in minimum rates in local currency with Own Funds compared to the previous month. These strategic movements can be influenced both by monetary policy decisions and the general economic outlook, as well as by banks' competitive strategies. At the local level, the Monetary Policy Committee (CPM) decided on April 22 to maintain the monetary policy interest rate (MPR) at 6.00% annually. This maintenance is supported by the growth of the Monthly Economic Activity Index (IMAE), which expanded 6.2% year-on-year in February. In addition, the Consumer Confidence Index (CCI) remains in the optimism zone, standing at 53.5 in March, and inflation expectations remain aligned with the goal of 4.0%. Housing (AFD Funds): The minimum rates offered by financial entities range between 7.12% and 10.47% in local currency, reflecting healthy competitiveness in the market. Regarding foreign currency, rates range from 5.64% to 10.66%, providing attractive options for those seeking to diversify their financing sources. On the other hand, maximum rates vary from 12.13% to 18.87% in local currency, showing a wide range of possibilities for potential home buyers. In foreign currency, maximum rates fluctuate between 9.38% and 10.67%, reflecting the stability and predictability of the Paraguayan financial market. Housing (Own Funds): In the case of housing loans financed with banks' own funds, the minimum rates present greater variability, with values ranging from 8.25% to 26.51% in local currency. This wide range reflects the different strategies and policies adopted by financial institutions to attract customers. Regarding foreign currency, minimum rates fluctuate between 5.64% and 10.66%, providing interesting opportunities for those who wish to access the real estate market with financing in foreign currency. These disparities highlight the importance of comparing available options before committing to a mortgage loan. Consumers should consider several factors, including interest rates, repayment terms, and overall loan terms, to make informed financial decisions that fit their needs and abilities.

On Friday, April 26th, authorities from the Ministry of Economy and Finance (MEF) and notaries met within the framework of a working group to establish the New Guide of Requirements for Cadastral Process Services. During this meeting, the proposal to change the format and simplify the processes for issuing the Cadastral Certificate of Property was discussed. The cadastral certificate of a property is a document that certifies the physical, legal, and economic data of real estate. These data, which are recorded in the Real Estate Cadastre, include the location, area, measurement, use, legal value, and cadastral value of a property. Notaries must compulsorily present the cadastral certificate in cases of deeds relating to the transfer, modification, or creation of real rights over real estate, and the data provided in that document must be inserted into the deeds. The meeting took place in the Auditorium Hall of the MEF, with the presence of the general manager Horacio Codas, the head of the National Cadastre Service General Directorate, Liz Moreno, and heads of Catastro. Representatives from the Public Records Directorate, the Major Notary of the Government, and the Paraguay Notary College also attended. Liz Moreno, director of Catastro, mentioned that the Ministry of Economy presented a proposal already analyzed based on requests from the Notary College. She emphasized that the main objective is to simplify processes and requirements to expedite the delivery of the Cadastral Certificate of Property. "If we manage to simplify these procedures, we will help the real estate sector to have greater dynamism. The Cadastral Certificate of Property is one of the most important processes that the Cadastre Directorate provides because this certificate allows the transfer or modification of real rights when there is a sale, a mortgage, a transfer of rights," she said. In the same vein, she explained that expediting the issuance of the Cadastral Certificate is intended to be achieved through the simplification of processes and requirements, as well as the application of computerization and digitization. "In two weeks, we will have another meeting, depending on the results, but we already have specific tasks that we will analyze. We will continue studying our Requirements Guide," the head of Cadastre pointed out.

Yesterday the groundbreaking was held for Los Pingos, Club de Campo, by the prestigious developer Altius Group. This event had the distinguished presence of directors, investors and real estate agents, who gathered to celebrate the beginning of this ambitious project that promises to redefine the concept of luxury living in Surubi'i. Strategically located in the heart of the traditional Surubi'i urbanization, on the banks of the picturesque San Francisco stream and just 3,200 meters from Aquino Avenue, Los Pingos is presented as a unique proposal in its style. With a vast land of 100 hectares, this real estate development promises to combine luxury, nature and comfort to offer an unparalleled lifestyle to its future residents. The urban design of Los Pingos bears the signature of the renowned Robirosa Studio, specialized in the design of private neighborhoods with lagoons. With notable works such as Nordelta, Santa Bárbara and Pilará in Argentina, Estudio Robirosa has established itself as a benchmark in the creation of environments that harmoniously integrate water and nature. For its part, the architectural and landscape design is in charge of the estudio Pacifica, led by architect Ezequiel Gil, guaranteeing a harmonious integration with the natural environment and a first-class aesthetic. In addition to its privileged natural environment, Los Pingos will have high-tech services and international-level social and sports infrastructure. Its amenities include spaces for events, grills, changing rooms, swimming pools for adults and children, kids club, gym, gymnastics rooms, 24-hour self-managed minimarket, children's play areas, tennis courts, paddle courts, multi-sports playground, aerobic trail of more than 7 kilometers, aerobic stations and maintenance sector. “What differentiates Los Pingos is its connection with nature, these developments are characterized by their exceptional natural environment, where the lagoons become undisputed protagonists of the landscape. It is not just about living near water, it is about living with water, integrating it into every aspect of our daily lives”, - Francisco Jorge, CEO of Altius Group Paraguay. To guarantee the comfort and safety of its residents, Los Pingos will offer a series of additional services that include paved and illuminated streets, concrete curb, laying of all underground services, spine road (fast lane), laying of fiber optics, fencing perimeter and water network for irrigation, among others. The construction of Los Pingos will be carried out in two stages. The first phase will include the creation of a showroom, a new access porch, natural lagoons, sports areas, aerobic trails and aerobic stations, and access to the Laguna Neighborhood. The second stage will contemplate the construction of an additional access, a club house, an artificial beach, nautical marinas and a coastal promenade, and access to Barrio Río. Luciano García Sáez, Project and Product Design Manager at Altius Group Paraguay, highlighted: "Los Pingos is designed to provide an exclusive and relaxed lifestyle, where the stress and worries of urban life are left behind. What we seek to offer It's a new life experience." The financial support and experience of Altius Group, together with the investment of Peninsula Investments Group, guarantee the quality and solidity of this project. Peninsula Investments Group, one of the most important real estate development funds in Latin America, has supported large-scale projects in 13 cities in Latin America and 8 in the United States, always with a focus on sustainable growth and quality of life. Altius Group, a leader in innovative projects in the real estate sector in America, has left its mark in Uruguay, Paraguay, Panama and Mexico, adapting the best international practices to each local market. In Paraguay, they successfully delivered their first development in the country in March, MORE DEL SOL, and are currently building MORE MARISCAL and NOSTRUM TRINIDAD. With an imposing access portico that welcomes its future residents, Los Pingos, Club de Campo, stands as an incomparable option for those seeking an exclusive lifestyle, in contact with nature and with all the amenities within reach. of the hand. This development promises to become a benchmark in the country's real estate panorama and an ideal place to fully enjoy with the family. To learn more about Los Pingos and schedule a visit to the project, you can contact an Altius Group advisor through the website www.lospingos.com.py or +595 994 154 267 .

Altius Group, one of Uruguay's leading real estate developers, has expanded its reach to new horizons, including Paraguay, Panama and Mexico, thus becoming a prominent player in the regional real estate market. Founded in 2008, the company has built an impeccable track record in the world of real estate development, backed by a solid economic foundation that has earned the trust of investors and buyers alike. Altius Group is distinguished by its innovative projects that stand out for their quality architectural design, the incorporation of cutting-edge construction technologies and careful and meticulous execution. The company's vision is to transcend the limits of traditional real estate development, creating spaces that harmoniously integrate with their environment and offer practical and attractive solutions for their residents and users. Altius Group's regional expansion has allowed it to adapt international industry best practices to the local realities of each market in which they operate. By bringing its experience and knowledge to new territories, the company has demonstrated its ability to adapt to diverse cultures and regulations, which has contributed to its success in the region. Behind the Altius Group offer are capitals from various parts of the world, which have found in this group a modern, innovative and reliable vision. One of the notable endorsements comes from Peninsula Investments Group, one of the most important real estate development funds in Latin America. Peninsula Investments Group has invested in successful projects in 13 cities in Latin America and 8 in the United States throughout its 13-year history. It has built more than 80 projects, covering a total of 1.9 million square meters, including 29 thousand residential units and 65 thousand square meters of commercial spaces, in partnership with highly qualified local developers. This strategic alliance has given Altius Group access to a broad network of resources and knowledge, further strengthening its position in the regional market. Among the notable projects developed by Altius Group are: More del Sol An imposing 27-story tower located in Asunción, with impressive panoramic views of the city. This project will have a majestic triple-height entrance hall and a wide range of amenities and services. Designed by Carlos Ott Arquitectos in collaboration with Carlos Ponce de León Arquitectos, it will be located in the Manorá neighborhood, considered one of the best residential neighborhoods in Asunción. With its sophisticated and avant-garde design, More del Sol is presented as an architectural icon that will redefine the city's skyline. Nostrum Trinidad Located in the consolidated and constantly developing Mburucuyá neighborhood of Asunción, Nostrum Trinidad offers tranquility, good road infrastructure and abundant vegetation. The project has been designed by Aquino +, a team of architects recognized for their focus on functionality and aesthetics in each of their projects. Nostrum Trinidad represents a unique opportunity for those seeking urban living without compromising the connection with nature and the environment. Central Marshal Presented as a comprehensive multi-use solution that combines various urban needs. This project, located in the Recoleta neighborhood on a 5,500 square meter plot of land, will have an office building, two MORE MARISCAL residential towers, a gastronomic and commercial promenade, as well as four underground parking spaces. The design will be carried out by the international studio BMA Arquitectos Asociados, experts in the design of real estate developments, and will have a contemporary style, with a central Paseo that will connect Eulogio Estigarribia, Cruz del Chaco and Charles de Gaulle streets. With its focus on functionality and sustainability, Central will be a nerve center for urban life in Asunción. Altius Group is committed to sustainable development and seeks to integrate responsible practices throughout its operations. The company is concerned about the impact that its projects may have on the environment and strives to minimize its environmental footprint. In addition, it actively participates in social initiatives that seek to improve the quality of life of the communities in which it operates, promoting the creation of inclusive and safe spaces. Altius Group's foray into the Paraguayan market represents an important milestone in its growth and development as a company. Paraguay, with its growing economy and investment-friendly environment, offers significant opportunities for real estate development. The company sees Paraguay as a market with great potential and is excited to contribute to the country's progress through its innovative projects. In conclusion, Altius Group has established itself as one of the main players in the regional real estate market, and its expansion into Paraguay demonstrates its commitment to sustainable growth and excellence in project development. With its focus on design, quality, and social and environmental responsibility, the company continues to leave its mark on the transformation of cities and the creation of spaces that improve the quality of life of its inhabitants.

At an event held on April 23 at the BMW Owner’s Club in Asunción, Francisco Soldani, Commercial Manager of the Petra Group, presented ideas on investments and profitability in the real estate sector. The event, organized by Amy Acosta, Partner of KW Carmelitas, brought together the entire network of agents from Keller Williams Paraguay. In a globally interconnected and constantly changing world, foreign investors are constantly seeking opportunities that offer stability, profitability, and growth. Paraguay has emerged as an attractive investment destination, thanks to key variables that investors consider when evaluating a country. Francisco Soldani shared his perspectives on why Paraguay is attractive to both local and foreign investors. Paraguay stands out as a beacon of macroeconomic stability in a sometimes turbulent region. Inflation remains under control, providing investors with peace of mind. Additionally, sustained economic growth and exchange rate stability are fundamental pillars that attract investments. The fiscal adjustment implemented in 2002 significantly reduced tax rates, stimulating both domestic and foreign investment. Other measures, such as the maquila regime and economic diversification, have strengthened the Paraguayan economy, making it attractive to international investors. Fiscal stability and a high quality of life at relatively low costs make Paraguay an attractive destination for expatriates and retirees. Compared to other countries in the region, Paraguay offers still affordable real estate prices and high growth potential. The Paraguayan real estate market is expected to continue developing, supported by economic growth and domestic demand. Access to mortgage credit at competitive rates will be crucial to drive this market and enable more people to fulfill the dream of homeownership. With these encouraging prospects, Paraguay consolidates itself as an attractive destination for real estate investors, offering unique opportunities in an emerging market with high growth potential. Paraguay has gained the respect of the international investment community thanks to its responsible management of public finances. Unlike some countries in the region with erratic fiscal policies, Paraguay has demonstrated a commitment to macroeconomic discipline. This translates into a lower risk of uncontrolled inflation and greater predictability in the economic environment. Foreign investors value fiscal stability, as it allows them to plan their long-term investments with greater confidence. Paraguay offers a high quality of life at a relatively low cost compared to other countries in the region. This makes it an attractive destination for expatriates and retirees seeking a peaceful and affordable lifestyle. Prices of goods and services, such as housing, food, and transportation, are generally lower than in other South American countries. Additionally, Paraguay's pleasant climate and natural beauty contribute to its appeal as a living destination. When comparing Paraguay with other countries in the region, interesting opportunities arise for real estate investors. In cities like Montevideo (Uruguay) or Buenos Aires (Argentina), apartment prices are at a high level. This creates a significant gap with Asunción, the Paraguayan capital, where prices are still relatively low. While an increase in property prices in Paraguay is expected as the country continues to develop, this increase will be supported by economic growth and domestic demand. Therefore, Paraguay presents a unique opportunity for investors looking to enter an emerging market with high growth potential. While an increase in property prices in Paraguay is expected, this increase will be supported by economic growth and domestic demand. As the country achieves investment grade status and continues to consolidate its stability, the real estate market will experience significant development. Access to mortgage credit at competitive rates will be crucial to drive the Paraguayan real estate market. An accessible financial system will allow young people to access home ownership, boosting demand and generating a virtuous circle of growth. One of the most important aspirations for most people is the acquisition of their own home. The ultimate goal of a healthy real estate market is to facilitate access to housing for a wide spectrum of the population. Paraguay has the opportunity to become a role model in this regard, allowing a large number of people to fulfill the dream of homeownership. If you would like to learn more about investment opportunities in Paraguay and the residential buildings of the Petra Group, you can contact Amy Acosta from Kw Paraguay at the following link.

Home Staging is an increasingly popular strategy in the real estate market that aims to prepare a property for sale, maximizing its attractiveness and sales potential. This practice, which is supported by marketing and interior design, does not imply hiding the characteristics of the property, but rather highlighting its strengths and minimizing its weaknesses. The concept of Home Staging is attributed to Barb Schwarz, a Seattle real estate agent, who began beautifying homes for sale in 1972. It involves redecorating, rearranging furniture, cleaning and applying other aesthetic strategies to present the property. best possible way. The goal is to create an attractive environment that generates an emotional connection with potential buyers. According to a study by the National Association of Realtors (NAR), 58% of buyer's agents cited home staging as having an effect on buyers' perception of the property most of the time. time. Additionally, 81% of buyer's agents stated that home staging made it easier to view the property as a future home. Among the benefits of Home Staging are: Stand out online: In a saturated real estate market, it is essential to stand out from the crowd of online properties. Home Staging homes are eye-catching and can attract more potential buyers, even before they see them in person. Create an emotional connection: Home staging helps buyers fall in love with the property by presenting it professionally, with appropriate color combinations, smart designs and unexpected elements that generate positive emotions. Show the potential of spaces: Empty rooms can be difficult to imagine how they could be used. Home staging helps buyers visualize the potential of each space and how to get the most value from it. Increase the sales price: According to NAR, 20% of buyers' agents say that home staging can increase the offering value by 1% to 5% compared to similar unstaged properties. The Home Staging process not only involves interior decoration, but also optimizing the presentation of the property in photographs and virtual tours. According to the NAR report, having quality photos, virtual tours and videos available for properties for sale is essential to capturing the attention of potential buyers. Additionally, it has been observed that Home Staging can make a property sell faster. 62% of agents surveyed by NAR stated that home staging had an impact on the time a property spent on the market. Home Staging can be done by yourself, hiring a decoration company or through alliances with decoration houses. Ultimately, Home Staging facilitates the marketing of the property, as it improves the appearance in photos of the property for sale, attracts attention on social networks and other visual marketing mediums, and, as a result, the properties staged. They tend to sell faster.

The city of Asunción has taken another step towards creating vibrant and functional urban spaces with the recent inauguration of La Cuadrita, a pedestrian street that extends between Cruz del Defensor and Cruz del Chaco streets, on Alberto de Souza street. This project joins other large real estate developments such as the Perseverancia District and More Mariscal , which promise to transform the urban experience in Asunción. Perseverancia District , with its Commercial Pedestrian Area of more than 30,000 m2, will be a center of attraction for lovers of fashion, decoration, gastronomy and design. In addition, it will have a wellness area and a two-story gym. For its part, the More Mariscal project will offer a pedestrian promenade dedicated to gastronomy and commerce. These initiatives reflect a growing trend towards the “pedestrianization” of urban areas, and research studies around the world have shown the positive impact these pedestrianization have on property prices. According to these studies, the increase in rental and sale value of residential properties located in pedestrian zones can be considered as the result of user satisfaction due to certain aspects of the pedestrian path: Firstly, pedestrian streets offer various opportunities such as recreation, access and shopping at the same time. This is especially valued by those looking for spaces where they can enjoy moments of recreation and socialization without having to worry about time or money limitations. Likewise, the lack of alternatives in terms of pedestrian axes in the surrounding area reinforces the impact of the pedestrian zone on property values. Additionally, open space for recreation, social interaction and recreation is very limited in the district, making pedestrianism even more attractive to residents. In very hot climates, the presence of aquatic and plant elements in the pedestrian path helps to make it more comfortable and attractive for users. In addition, the pedestrian street contributes positively to the image and aesthetics of the area, which leads people to appreciate it and use it preferably. The measured impact on the rental price of residential properties is a clear sign of this appreciation. Studies conducted in the United States on the relationship between "walkability" and housing prices have shown a positive correlation. Proximity to local shops and services is associated with higher property values. Furthermore, good urban design and quality green spaces increase property prices and rents. According to a 2007 investigation, the latter increased rents by up to 20%. Walk Score, a privately held commercial real estate information company, has developed a walkability index that assigns a numerical score to any address in the United States, Canada and Australia. Their software has been used by academics to evaluate the relationship between home prices and walkability. Studies have shown that greater walkability promotes higher values and higher net income for office, retail and apartment properties. Academics from renowned universities such as the University of Tokyo and the Massachusetts Institute of Technology have carried out an eye-opening study on the pedestrianization of urban roads. This study, based on an exhaustive review of credit card transactions provided by BBVA bank in 14 large Spanish cities, has shown that pedestrianization not only benefits mobility and air quality, but also local businesses. Banking data revealed a consistent increase in sales volume in pedestrianized areas, highlighting the positive impact on the local economy. In summary, pedestrianization not only improves mobility and air quality, but also has a positive impact on the real estate market and the quality of life of citizens. It is an investment in the future of our cities, promoting a healthier and more vibrant urban environment for all.

In a historic event during the 78th Ordinary Congress of Conmebol, the protocol minutes for the 2030 World Cup were signed, thus marking the centenary of the World Cup. The signing, made on the original table of the 1930 World Cup, had the prominent presence of the president of FIFA, Gianni Infantino, the president of Conmebol, Alejandro Domínguez, and the leaders of Paraguay and Uruguay, Santiago Peña and Luis Lacalle Pou, respectively. This sporting event, which will have its inaugural match in Uruguay, will continue with matches in Paraguay and Argentina. For this purpose, Paraguay has committed to the construction of the Conmebol Stadium, a collaboration between the Paraguayan government and the football confederation. With an estimated capacity of 50,000 spectators and a projected cost between 100 and 250 million dollars, this stadium will not only serve as the venue for an exciting soccer match, but will also leave a legacy of top-level sports infrastructure in Paraguay. However, beyond the fervor of the event, there are significant implications for the Paraguayan real estate market. While the direct impact may be smaller compared to countries that hosted more games, such as Brazil in 2014 or Qatar in 2022, an effect will be noticeable. Historically, FIFA tournaments have shown an increase in demand for short-term accommodation in host cities, which in turn leads to increases in rental prices and hotel occupancy. In the case of Paraguay, this can mean an opportunity for the hotel and lodging sector, especially in areas near the Conmebol Stadium located in the city of Luque. In addition, pre-event urban infrastructure improvements, such as new roads, improved public transportation, and development of shopping and entertainment areas, can increase the city's attractiveness to local residents and foreign investors and tourists. These infrastructure projects not only improve the quality of life for citizens, but can also boost property values in surrounding areas. On the other hand, the long-term impact of the World Cup on the Paraguayan real estate market could manifest itself in the increase in the country's international visibility as a tourist and investment destination. The global exposure that accompanies an event of this magnitude can attract the attention of foreign investors and tourists to the Paraguayan real estate market, which could boost demand for residential and commercial properties in the years following the tournament. Real estate agents in countries that have hosted previous World Cups, such as Qatar, Brazil and South Africa, have noted that property prices often see an increase after the event, as demand continues to grow. Although the exact magnitude of the impact of the World Cup on the Paraguayan real estate market is difficult to predict, there is widespread optimism about the opportunities that this event will bring for the construction, hospitality and real estate sectors in general. In short, while Paraguay will only host one match during the 2030 World Cup, the event promises to leave a lasting mark on the country, both in terms of infrastructure and economic opportunities. The momentum generated by the tournament will not only benefit the tourism and hospitality sector, but could also have long-term positive effects on the real estate market, contributing to Paraguay's sustainable growth and development for decades to come.

Paraguay Sotheby's International Realty, the world's leading real estate agency in luxury properties, landed in Paraguay in 2021. Since then, it has experienced constant growth and has positioned itself as the main luxury real estate agency in the country. On February 9, Paraguay Sotheby's International Realty held the Top Producer Awards 2023 in the Crystal room at Aquaterra, where they awarded the most outstanding real estate agents from the Asunción and Ciudad del Este office. Below is the list of four of the main production companies in 2023. Fatima Cubas With a career spanning more than three decades of management experience, Fatima Cubas has established herself as a leading figure in the world of high-end real estate since joining Paraguay Sotheby's International Realty in 2021. One of the distinctive features of Fatima Cubas is its personalized approach to each property. Recognizing that each property is unique, he adapts specific strategies to maximize the success of each transaction. From land to mansions, Cubas has demonstrated an exceptional ability to identify each client's unique needs and adapt his approach accordingly. But the commitment does not end with the signing of the contract. For Fatima Cubas, after-sales service is as crucial as the sales process itself. From recommending decorating services to accompanying her clients in exploring trends, her dedication goes above and beyond the call of duty, ensuring that each client feels cared for and valued even after completing the transaction. In a market where high-value deals are the norm, Cubas stands out for his ability to handle each transaction with the same meticulous attention and level of effort. Recognizing the value of each customer, regardless of the value of the transaction, we strive to provide exceptional service every step of the way. Her role as an advisor at Paraguay Sotheby's International Realty is not just a job, it is a privilege that she embraces with pride. Since her arrival in February 2021, she has been recognized as the brand's top producer for three consecutive years, a testament to her tireless dedication and ability to exceed expectations in a competitive market. Yasmin Maldonado Since her beginnings in the competitive world of the real estate market in 2017, Yasmin Maldonado has established herself as a leading figure in the luxury real estate sector. Beginning his career by selling the prestigious Jade Park residential tower complex, Maldonado has demonstrated an exceptional ability to understand the needs and desires of high net worth clients. With a specialized focus on luxury residences, exclusive apartments and large lots, Maldonado has earned a reputation as an expert in the luxury real estate market. However, what truly sets Yasmin Maldonado apart as a real estate agent with Paraguay Sotheby's International Realty is her impeccable professional ethics. When working with high net worth clients, Maldonado prioritizes active listening and candid advice. Recognizing the importance of understanding each client's unique needs and desires, we strive to offer personalized service that goes beyond conventional expectations. "I offer a complete package," says Maldonado. "Whatever my client needs, I am available." But for Maldonado, selling luxury goes beyond real estate transactions; It is a lifestyle. "To sell luxury, you have to have a corresponding lifestyle," says Maldonado. Her passion for living well and enjoying life is reflected in her focus on delivering exceptional experiences to her clients, from fine dining restaurant reservations in Europe to luxurious spa appointments. Handling negotiations in high-value real estate transactions with grace and experience, Maldonado embraces each new challenge as an opportunity to grow and improve herself. Her tireless dedication, impeccable professional ethics and lifestyle in tune with luxury make her a leading figure in the luxury real estate market, constantly raising the bar and leaving an indelible mark on the industry. Nathaly Guftafson Nathaly Gustafson's path in the luxury real estate market began with her father, where she initially worked in the administration area of the buildings developed by him. However, her passion for the sector led her to become increasingly involved in the sales and rental processes, which eventually led her to join Paraguay Sotheby's International Realty, where she has consolidated her experience and knowledge in the luxury real estate field. Specialized in the projects developed by her family, Nathaly has acquired deep knowledge of the high-standard products she markets. His direct collaboration with the project developer and builder has provided him with an invaluable learning opportunity, enriching his experience and skills in this field in an exceptional way. To stay abreast of the latest trends and changes in the luxury real estate market, Nathaly greatly values feedback and shared knowledge from her clients and colleagues, as well as access to a wide range of resources and training provided by Paraguay Sotheby's International Realty. Nathaly is proud to represent a world-renowned brand like Sotheby's International Realty ®, but what really drives her is the opportunity to collaborate with an extraordinary team and the inspiration of working side by side with her father, a true legend in the industry. With her tireless dedication and client-centric approach, Nathaly Gustafson continues to build a legacy of excellence in the world of luxury real estate. Auxi Vera With a history that merges experience, dedication and a commitment to excellence, Auxi Vera has left an indelible mark in the world of the luxury real estate market. With a solid foundation of five years leading the marketing area in the real estate sector, Vera has transcended conventional limits to offer exceptional service to her clients at Paraguay Sotheby's International Realty. Since joining Paraguay Sotheby's International Realty three years ago, Auxi Vera has stood out for its ability to maintain the highest standards and its focus on personalized attention. Her dedication and quick and effective attention to her clients' needs have led her to remain in the team's top 5 for the second consecutive year. Vera understands that luxury is not limited to abundance, but rather expands on the exceptional attention she provides to each client. To stay up to date with the latest trends and changes in the luxury real estate market, Vera constantly invests in training and maintains close contact with agents from Paraguay Sotheby's International Realty and other offices in the country. Additionally, it leverages the platforms provided by Sotheby's International Realty ® to learn from practices and trends in other countries, ensuring that its approach is always ahead of the curve. With an impressive list of properties marketed in high-demand areas such as Mburucuyá and Las Lomas, Vera has demonstrated its ability to close successful transactions in even the most challenging cases. Their dedication to attention to detail guarantees the complete satisfaction of their clients, from the exhibition of properties to the management of essential services for their enjoyment. Fatima Cubas, Yasmin Maldonado, Nathaly Gustafson and Auxi Vera are outstanding examples of professionals who have raised the bar in the industry. With unique but equally client-centric approaches, these agents have demonstrated an exceptional ability to understand the needs and wants of their high net worth clients, and have delivered outstanding results in a highly competitive market. Through their commitment to personalized attention, impeccable professionalism and the constant pursuit of excellence, these agents continue to leave an indelible mark on the world of the luxury real estate market in Paraguay. His dedication and passion for his work serve as an inspiration to colleagues and clients alike, and reflect Paraguay Sotheby's International Realty's commitment to the highest standards of service and quality in the industry.