Interesting property for sale in Asuncion Paraguay – South America Located in area of high appreciation. 2,000 meters of the future World Trade Center project Asuncion and the prominent Blue Tower Finca Property individualized as No. 27,589, with an area of 16514.56 meters squares, with 5150 m2 built, located on the Avenida Madame Lynch and Lillo. The price is U.S. $ 10 million. It's a reasonable Price comparing with an offer that is next to the World Trade Center 21,000 meters squares traded at U.S. $ 30 million

Asunción Business Center The new corporate axis of Asunción The concept is born from the tendency of companies and offices in the last couple years of coming out of the historic center of the city of Asunción and located themselves in residential areas with more comercial growth. These homes do not have the necessary infrastructure for a company or office; therefore, they cannot install in it in a comfortable and efficient manner. Given this development need, Capitalis developed a new concept of space for corporate buildings and offices where these companies can be installed. This new corporate axis aims to create similar spaces like those in Puerto Madero in Buenos Aires Puerto Madero, Las Condes in Santiago de Chile and Faria Lima in Sao Paulo. The global project includes buildings in the area to meet an unmet demand for corporate offices surveyed in the market of Asunción. The new corporate axis Asunción Business Center has turned the area, into the largest increase in rentability of the city of Asunción. Strategically located at the entrance to the city from the airport, where the Shopping del Sol and the Sheraton Asunción Hotel complement recreation services, food and lodging. Surrounded by a residential area of high socioeconomic status. The Blue Tower, an innovative concept for Asuncion

With an initial investment of $ 130 million, the largest private investment held in Asuncion, it launched an innovative real estate project that will transform the architecture of the capital. First level Complex The complex will have a total construction area of 220,000 m2, divided as follows: one three-level shopping mall with a built area of 50,000 Mt2, where there will be approximately 150 stores; dining and entertainment area innovators; Attractive green areas; centers for music and art exhibitions with beautiful gardens, a built area of 5,000 Mt2; a meeting room Mt2 1700, a parking area for the complex will feature 3,300 parking covered and developed in Mt2 120,000. Also, the entire project will have an excellent road access, and two office buildings of 23 floors, each with a total office area of 42,000 mt2. The total project cost is estimated at $ 130 million. WORLD TRADE CENTER ASUNCION

The World Trade Center is a corporate building complex, which was created as an urban landmark in Asuncion, positioning it on par with the great capitals of the world. From its development will be born a new space to work, where you can find everything that a modern city requires. The project will be an art building complex, consisting of 4 AAA office towers, 855 parking spaces, plus a set of facilities and technology and environmentally sustainable

DESCRIPTION OF WORLD TRADE CENTER ASUNCION More than 75,000 m² of construction, will shape 4 towers of 20 floors of offices each, with 855 parking places . The project will be an art building complex , with a system of facilities and technology and environmentally sustainable . The four towers are built simultaneously, and will feature premium office space ready for a top-level corporate . The floors of these towers have a total of 557 m² , with free and flexible plants and which can be divided into two identical units . The terrace Above the ground floor of the towers 3 and 4 lies a large garden terrace incorporating commercial space services aimed at providing food and other necessities. The parking They are located in five underground levels , plus a 3-story building is the base of the two towers 3 and 4 , located off the square. The roof Each tower has a roof garden intended for common use building users . Asunción appreciated With real estate development in height , the land began in Asuncion worth more for its capacity building that the location itself. This situation caused unprecedented price increase in the past eight years, to increase by up to 653 % in areas of higher growth. With real estate development in height , the land began in Asuncion worth more for its capacity building that the location itself. This situation caused unprecedented price increase in the past eight years, to increase by up to 653 % in areas of higher growth. The variations are quite brave and growth in certain areas of the capital , very obvious. Santa Teresa Avenue axis consolidated as luxury residential buildings and as one of the fastest growth along with the corporate Flyers Chaco. The first five years grew by 503 % while the office area even exceeded 650 % in eight years , according to the study conducted by the company Mr. Blas Pessolani & Associates Appraisal and Expertise . In 2005 on Chaco Flyers , prices reached USD 200 per m2 . Today, in the same avenue , exceed USD 1000 the m2 and some properties are offered for twice . Looking at the pages of classified land are offered ranging between USD 1600 and USD 2000 m2 , as it is located next to the exlocal of Casa Rica . In this artery , the expected variation in the aforementioned period was 214 % , considering a usual 10 % increase annually. However, the percentage was exceeded . "In Capitalis , the first land to build Plaza Center Molas López we bought at USD 100 per m2 , which at that time was a model high " recalls Victor Cálcena , director of the firm that installed three corporate buildings almost simultaneously in the

recent years, besides being the driver of landing the country 's World Trade Center Assumption (WTC ) . The most expensive area of Asuncion is precisely the Chaco Aviators , between San Martin and Holy Trinity , considered the premium sector with the presence of Shopping del Sol , the Porsche showroom , the Sheraton Asuncion Hotel and Ibis , the complex project Blue Tower, WTC the current installation , Airmen Tower I, the Dazzler Tower and Aloft Hotel. The shaft passes to Madame Lynch Avenue , which are also the offices of Petrobras , Protek , Philips , Marlboro and construction of the Hotel Splendor , among others. Attracted by previous prices and anticipating what was coming in terms of development of this sector of the city, came to the country foreign investors, as the owners of Aura , from Germany and Austria , who in 2009 had already submitted their project , specified shortly thereafter. Then Argentines also arrived , as the owners of the hotel chain Fën , who gambled not just one , but two hotels on the strip , with which added 500 rooms in the coming years on the site. Santa Teresa , as a natural continuation of Aviators Chaco has a vocation high-end housing and there are building up the most expensive in Asuncion , because its rate is ten times buildable . A similar phenomenon exists in the avenues Molas López , First President and Holy Trinity, in which projects are The Palace of the Ducks 1 and El Palacio de los Patos 2 with departments with a cost of up to USD 2 million, and it installed: Trinidad Terraces Altos de France. " This also creates a level of discomfort in people who are close to the avenues, and has the potential risk that you will make a building next to his property, while his buildable floor to third ," says Cálcena . And at this point , comes to talk about a very important issue among those who know in depth the real estate world : the floor area ratio or index . " If I have a plot of 1000 m2 and say that is worth USD 500 per m2 , then costs $ 500,000. But in more developed markets , in which height works much more important is how many m2 I can build on that lot , and that amount is defined by an index of buildable areas established by the Municipality of Asuncion "he explains. In residential areas , the floor area ratio is lower than in commercial places . When you see the evolution of the values of land in the avenues mentioned above, note that this growth is based on the index of floor you have, which is a ten to one ratio of the size of the land. That is, in an area of 1000 m2 can be built up to 10,000 m2 . Therefore , taking as an example the Chaco Flyers zone , a person can ask USD 1000 per m2 , but for the land located one block behind, its buildable rate is about three times the size, so the price per m2 may not be the same . " People confuse these concepts in a market that does not yet have the references nor the knowledge to intelligently allocate the amount payable by the estate. Many real estate transactions slowed because sums are requested not worth the earth , and from the Paraguayan Chamber of Real Estate Developers of Paraguay ( Capadei ) want people to understand the factors that determine the price , "he adds Cálcena . When it comes to real estate development (eg , an office building ), we have as components the cost of land , cost of construction, plus the profit margin to sell. And in these cases , the formula is that the incidence monetary terrain is no more than 15% of the project. That is, what you can afford is USD 100 per m2 built incidence , given that the cost of construction in our market currently hovering between USD 600 and USD 700 per m2 .

To set the reference prices , the real estate market-maker plays a key role , especially to avoid creating false expectations in land holders , and are based on the references made specific operations based in the area. What caused the increase in value ? In addition to growth from these sectors because of its index of buildable , the arrival of foreign investors influenced . In this regard , consider that property prices in Paraguay for years were well below the numbers that are used in the region. In Buenos Aires , the area is the hub premium corporate Liberator from Puerto Belgrano neighborhood until Olivo , which ply between USD 800 and USD 1200 per m2 , figures very similar to today in Asuncion. Germán Gómez Picasso , director of Real Estate Report , said that in the 90s , the values that were handled in the neighboring country were of USD 300 to USD 500 per m2 and since 2002 began to rise due to the involvement of investors in the corridor , arriving in 2010 to record indicated . From there , slowed sales of such properties and prices are stable . On numbers in Asuncion, Cálcena estimated USD 1200 to USD 1500 per m2 are the maximum values which arrive during this and the coming years. Another aspect is the effect of speculators , who buy land to re- sell at a higher amount than bought after a while . What do people who have financial capacity and will analyze where urban development. " The rent is that which promotes the rise in property prices ," said Mr. Blas Pessolani and details why : " If there is no income , what do I want a property ? A well worth what it produces. It is not the same as when comprás the house where you live and , in the case of new construction, not rental income , but selling what you have in mind . " The study by his firm records that since 2006 began a fairly significant change in the country , both in rural and urban areas . Mind you, in the latter sector , Villa Morra (which actually includes four neighborhoods : Ykua Sati , Manora , Las Lomas and Villa Morra ) is one of the most growth . In residential areas with greater demand , the average amount between USD 200 and USD 400 per m2 , outside Santa Teresa . In these cases , the analysis logic is different, as it depends on what a person would be willing to pay to live in an exclusive area . The incidence is much higher ground , because they no longer pay for the land with a financial logic . As an example , the director of Capitalis states that if you buy a U.S. $ 300 a m2 a plot of 360 m2 , this would cost a total of USD 120,000 , which is what is being asked today in Asuncion. the surprise The novelty is the increase that occurred in the downtown asunceno , which began to raise their prices in 2008 due to the need of infrastructures for government area , and that public rented numerous properties , and recently from the waterfront (which is street extends from Montevideo to General Santos avenue ) . According to assessments by the business appraiser , land in downtown increased 482.6 % from 2008-2013 , while the expected change was only 161% . Prices were rising silently , with figures that moved from just over USD 100 per m2 in 2008 to more than USD 450 per m2 in 2013 , says Mr. Blas Pessolani appraiser .

According to the professional, these figures are verified in the space between the streets August 15 and National Independence , and from Oliva to President Franco. There are hardly any vacant in the center , so the methodology applied by appraisers to get the price is to convert only the properties field , subtracting from this the value of the building . The tendency is to grow , contrary to what happened for many years, that the recovery was descending . Pessolani recalls that in the 80s , this part of the town was quoted even at USD 2000 m2 and, moreover , there was a time when it was said that there was no value , because the owners asking what they wanted. Then , prices were plummeting, until today becomes a threat. Thus , in this view, were acquired large estates, expectant to what may happen in the future . Buildable Mariscal Lopez Avenue has less variation than the new retail and corporate , but no less important. Their prices increased from USD 250 per m2 in 2006 to more than USD 700 per m2 in 2013 , ie 278.6 % increase. Although very busy , its value is lower because it has many historic buildings that affect its use and floor area ratio is lower. The avenue Spain , however , saw an increase of over 390 % in the same period . " The rent is that which promotes the rise in property prices . If no income , what do I want a property ? A well worth what it produces. It is not the same as when comprás the house where you live and , in the case of new construction, not rental income , but selling what you have in mind "

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