Last week I had boots on the ground in Paraguay…
This South American nation shot onto my radar recently after I started hearing about its low-taxes, pro-business policies, strong demographics, growing economy, and the mind-blowingly affordable cost of real estate in its booming capital, Asunción.
Here’s what I mean by mind-blowingly affordable…
Construction costs for high-end condos in Asunción are as low as $75 per square foot, and luxury condos in prime locations are priced at about $180 per square foot.
You can see why I booked a flight.
I spent the early part of last week meeting with developers and other insiders in Asunción. Right now, I’m still going through my notes on everything I’ve seen. But my initial impressions are very positive.
To give you a first look, I recorded a video walking through the leafy neighborhood where I stayed near the high-end Shopping del Sol mall.
Check it out below…
In this video, I take you on a stroll around the leafy neighborhood when I was staying in Asunción and give you my initial impressions on Paraguay. (Spoiler alert: This is a place to put on your radar.)
I talk about:
- What could cause Paraguay to boom…
- Low, low closing costs…
- The lack of government interference in everything…
As I say in the video, I’ll be sending members of my Real Estate Trend Alert (RETA) group my full debrief on Paraguay soon. (Not a RETA member? Learn more on membership here.)
Wishing you good real estate investing,
P.S. If you want to learn more about Paraguay…
I recently sat down with longtime RETA member Kurt Hoppe, an international investor who has been putting boots on the ground in Paraguay and who inspired me to check it out for myself. You can watch our deep-dive conversation on Paraguay here:
I chat with longtime RETA member Kurt Hoppe. Kurt shares why he believes Paraguay may be one of the last truly undervalued real-estate markets.
