CROWN REAL ESTATE presented investment opportunities in Paraguay
With the participation of experts in the Paraguayan real estate sector, CROWN REAL ESTATE presented its new Management and Investment Trust. It is a new investment vehicle aimed at retailers, who may participate in real estate investment portfolios in such country.
The following Paraguayan experts, who will give professional advice to the firm, were at the event: Manuel Ferrerira Brusquetti, former Finance minister, Ricardo Avalos, director of Canopi, Enrique Peroni, president of Peroni Escribanos and Fabrizio Bibolini director of TEDEC, architecture and engineering company.
The experts pointed out the investment opportunities and attractive return rates currently offered by Paraguay, a country which in the last two years has gained strength to attract local and foreign investors, who have contributed over 500 million dollars to projects comprising office and residential buildings.
Manuel Ferrerira Brusquetti, highlighted the country's economic growth, its legal stability and its low taxes, known as "triple ten": Corporate income tax, individual income tax and value added tax all have a 10% flat rate.
Furthermore, he stated that in the last seven years 20% of Paraguay's population lift themselves out of poverty, thus leading to the development of new markets and new demands, among them, housing ones.
In this sense, Ricardo Avalos referred to the housing needs projected in the country. According to the expert, for year 2035 Paraguay will demand 100,000 houses in Asunción and 500,000 in the suburbs and metropolitan area.
Another aspect which contributes to the investment in real estate is the fact that nearly 75% of the population is under 35 years old, which means that it is within the economically active group who may acquire a house. As an example, advisors emphasized that the new commercial axis is focused on the double income sector, with young married couples with one or two kids who work in the north-east area of the city.
In this context, CROWN REAL ESTATE presented its new investment trust, which is a new tool aimed at small and medium-sized savers, a sector for which there are no other investment offers to invest in.
As Enrique Schickendantz, partner of the firm, stated, with this new tool investors may participate with capitals around U$S 30,000 or U$S 40,000 in a sole trust which will generate independent investment portfolios including the construction and development of endeavors, as well as real estate assets already developed.
Unlike investments in financial sector, the firm will invest in real economy assets which are protected by the trust contract.
In this way, Crown intends to offer constant and customized advice to contribute to the growth of the investment of each client.