The sales value of all the units available in the capital of Paraguay amounts to US$ 950 million
Asunción has almost 300 buildings, of which 61% of the units are sold, according to data from INMOVIN (Moebius Indicators of New Housing), a report prepared by the real estate consulting firm Mobius, which analyzed more than 21,675 apartments, locations, rental and sale prices, footage and values per m2.
INMOVIN presents the indicators of brand new units and those under construction Assumptionand its purpose is to know the sales values by environment, of the neighborhoods of the capital.
Assumption has more than 289 buildings under construction, totaling 21,675 apartments, of which 61% (13,221) have been sold and 8,454 properties are available for sale. The sales value of all available units amounts to US$950 million and the average value of the m2 for sale of a brand new home is US$1,635.
Regarding the typologies, 6.20% of the properties for sale are studio apartments; 36.43% 1 bedroom; 43.60% 2 bedrooms and 13.75% of the properties under construction are 3 bedrooms.
What are the 6 neighborhoods with the highest value per m2 in Asunción?
- Villa Morra: U$S 2064
- Carmelites: U$S 1,735
- Las Lomas: U$S 1,732
- Jara neighborhood: U$S 1,665
- Las Mercedes: U$S 1,633
- Murucuyá: U$S 1,631
- Fernando de la Mora: U$S 1,096
Regarding brand new units for rent, the average value is US$748. It corresponds to an apartment with 2 bedrooms, 2 bathrooms, 115 m2. The rental value per m2 is US$6.50. Thus, the annual profitability in Assumption is 7.8%.
Prospects for real estate in Asunción
Assumption It will continue to grow, with more and better building developments. The economic stability and above all, the 0% inflation in the last 3 months will continue to seduce foreign investors to invest and obtain profitability in dollars.
Several Paraguayan construction companies want to venture into the construction of buildings, and to do so they are becoming developers.
Sales are taking place at a sustained pace. Rents maintain closing levels.
In short, Asunción will continue to receive investors in real estate.
* Gonzalo Martínez Vargas is CEO of Moebius Real Estate Consulting.
Source: Ambito
