Interesting property for sale in Asuncion
Paraguay โ South America
Located in area of high appreciation. 2,000 meters of the future World Trade Center project Asuncion and the prominent Blue Tower
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Interesting property for sale in Asuncion
1. Interesting property for sale in Asuncion
Paraguay โ 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
2.
3. Asunciรณn Business Center
The new corporate axis of Asunciรณn
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 Asunciรณn 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 Asunciรณn.
The new corporate axis Asunciรณn Business Center has turned the area, into the
largest increase in rentability of the city of Asunciรณn.
Strategically located at the entrance to the city from the airport, where the
Shopping del Sol and the Sheraton Asunciรณn Hotel complement recreation
services, food and lodging. Surrounded by a residential area of high
socioeconomic status.
The Blue Tower, an innovative concept for Asuncion
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7. 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
8. 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
9. DESCRIPTION OF WORLD TRADE CENTER ASUNCION
More than 75,000 mยฒ 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 mยฒ ,
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 .
Asunciรณn 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 Lรณpez we bought at USD
100 per m2 , which at that time was a model high " recalls Victor Cรกlcena , director
of the firm that installed three corporate buildings almost simultaneously in the
10. 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 Fรซn , 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
Lรณpez , 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 Cรกlcena .
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 Cรกlcena .
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 .
11. 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.
Germรกn Gรณmez 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, Cรกlcena 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 comprรกs 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 .
12. 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
comprรกs the house where you live and , in the case of new construction, not rental
income , but selling what you have in mind "