Time to Seize Upon Untapped Potential of Paraguay Real Estate

Article Written By: Taylor321

Paraguay is classified as a developing country. Still, the capital city, Asuncion had been ranked continuously for 5 years as the least expensive city in the world. The economy is supported by agriculture and cattle ranching. Beef export is a big revenue earner. Reuters India reported that many leading vegetable oil companies from India were planning to buy or lease lands in Paraguay to cash upon the rich agricultural production value of the country.

Hence, Paraguay real estate had been witnessing significant growth in recent years, particularly because of the low land costs and cheap Paraguay real estate for sale. International real estate investors could buy land parcels of any size in the country without restrictions. Only the nationals of Argentina, Brazil, and Bolivia are restricted from buying land in certain designated frontier regions.

The major disadvantage faced by Paraguay real estate listings and rentals had been the lack of knowledge among international investors about the potential of the properties in that country. Even though the economic development had been slow, Paraguay had not been in the headlines due to the calm atmosphere prevailing in the country. It had also not gained any significant reputation as a tourist destination. Hence, only those foreign investors, who like peaceful country, warm weather, healthy environment, and low prices, had been investing in Paraguay. Otherwise, its real estate potential had remained obscured.

The prices, particularly the residential prices, had been remaining steady, in spite of global economic upheavals. The low prices are applicable not only to real estate in Paraguay but also to construction and labor costs. For example, an apartment of 100 sq. m. area costs around $40,000. Even in the rich neighborhoods of the capital city of Asuncion, the houses cost between $500 and $600 per sq. m. In the western region of Paraguay, large tracts of farmland having fertile soil could be bought for $100 per hectare.

This kind of low prices had somehow gone unnoticed by international real estate investors. Further, income taxes in Paraguay are 10% and VAT is also 10% only. These rates are among the lowest in the region. Still, foreign investors must exercise due diligence on each Paraguay real estate for sale or Paraguay rentals, due to the rampant corruption in the country. Property titles could be unreliable.

It is advisable to engage the services of a Paraguay notary to find out the genuineness of the clear title of the seller. If this procedure is followed, Paraguay offers substantial benefits and profits to international investors even within 3 to 5 years.

About the Author

Paraguay real estate exchanges, and Paraguay rentals. Paraguay owners, agents and developers are encouraged to create an account, and it will be activated as a basic listing for 6 months, free. http://www.internationalrealestatelistings.com.

You Can Link Directly to "Time to Seize Upon Untapped Potential of Paraguay Real Estate" by using the url:
http://www.allbestarticles.com//finance/real-estate/time-to-seize-upon-untapped-potential-of-paraguay-real-estate.html

This Article Has Been Published on Thu, 23 Sep 2010 and Read 152 Times

Find All Best Articles at http://www.allbestarticles.com

Rating: Not yet rated

Comments

No comments posted.

Add Comment

You do not have permission to comment. If you log in, you may be able to comment.

Related information on Real Estate

Why do I need a conveyancing solicitor when buying or selling real estate?
London Living: The Best in the World
Real Estate Toronto Neighborhoods and Property Hunting for Leases
The Affordable Secret of Mayfair Office Space
10 Ideas To Follow When Selling Your House
Property in Belgravia - London's Centre of Architectural Splendour
Is Abu Dhabi facing Dubai-like property slump?
Chesire England Serviced Offices.
Find out About Relevant Ideas To Choose Horse Stables
Pros and Cons of locating an office in Mayfair
Things to keep in mind when choosing where to locate an office in London
Guide To Buying A 2 To 5 Million Dollar Home In The Dell In Hollywood
When Selling A Home On Sunset Plaza, Point Out The Exclusiveness For The Fastest Sell
An In-Depth Look At The Toronto Home Market
What a Phoenix Real Estate Listing Will not Show That A Neighbor May
Which are the prime areas for office space in London?
Tips to make the most of your office space
How have commercial property prices in London been affected by the recession?
Benefits of working in Covent Garden
Investment opportunities in Pakistan Real Estate sector
Quit Claim Deed Basics
Dubai The Place To Be In Terms Of Property
Buy House in Philippines
Best way to write professional advertisement for Dubai properties
Things to consider while getting a house on rent