Paraguay now tops Uruguay as the go-to place for property investment in Latin America. It borders Brazil, Argentina, and Bolivia.
Over 20 years, the country has improved its economy and stability. Smart trade moves have helped raise export prices.
These changes make Paraguay an inviting spot for investors. Real estate is growing fast, drawing both homebuyers and businesses.
The country’s GDP has grown by 4% on average over the past decade. Income per person has almost doubled.
Taxes are low, with a 10% rate for both VAT and income. Paraguay also has deals with many countries to avoid double taxation.
This makes it even more appealing for global investors. Paperwork now takes only seven days, down from 35.
This speed has sparked a property boom. Luxury and high-profit areas are popping up. Investors from countries with tax treaties gain extra benefits.
Despite Uruguay’s stable economy and low inflation, Paraguay is now the top choice for property investment.
Background
Paraguay’s rise is part of a more significant trend in Latin America. Countries are working hard to attract foreign investment.
Historically, Uruguay was the top choice for real estate. But Paraguay’s quick growth is changing the scene.
The country has focused on smart economic policies. These policies have made trade more profitable.
Political stability also plays a role. Paraguay has enjoyed a period of calm governance. This has added to its attractiveness as a real estate market.
Uruguay offers clear investment guidelines, but Paraguay now provides greater advantages and more affordable options.
The quicker approval process is another boon. It shows how Paraguay is cutting red tape to welcome investors.
This speed is crucial in the competitive world of property buying. Overall, the country has skillfully improved its economic and political landscape.
This positions Paraguay as the new leader in Latin American real estate investment.