Hello everyone,
I just wanted to post some basic advice for those seeking real estate investing opportunities in Paraguay.
First of all, the economic conditions in the country are getting better and better so prices are increasing on year and year basis. The GDP growth for 2010 was 15,3% and forecast 6,7% up for 2011.
So, there might be some deals around with "old" prices, but you need to look carefully better start online in classified adds:
clasificados.abc.com.py
clasipar.com
ABC Color also has listing for bussiness and investment opportunities in Miscelaneous section (varios)
clasificados.abc.com.py
The best is to focus on some areas and carry out further research.
VERY IMPORTANT:
You can save time, effort and even money by requesting the buyer of:
a) urban land: the CUENTA CORRIENTE CATASTRAL, DISTRITO, DEPARTAMENTO
b)rural estates: NUMERO DE FINCA, DISTRITO, DEPARTAMENTO
And then go online:
http://www.hacienda.gov.py/web-catastro/index.php?c=222
Where you can check the actual owner at the Direccion General de Catastros (Land Registry). So if the "owner" is not listed as owner it might be the case that either the property is pending of deed or others that would requiere extra money in terms of lawyer costs, frustation and even risk of fraudulent transaction.
Well, that's it and good luck!