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Living And Investing In Paraguay

Kathleen Peddicord by Kathleen Peddicord
Apr 23, 2015
in Investing, Paraguay
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Investing In Paraguay
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Who Would Want To Spend Time In Paraguay?

It’s not easy to get to know any country. It takes time to peel away the top layers and glimpse the heart and soul of a place, to begin to understand what makes it and its people tick, how things work, what’s important, what’s valued.

After five days in Asunción, I’d say that Paraguay is even tougher to know than most countries. So far I have been able to figure out but one thing for certain:

This is a place I’d like to know a whole lot better.

To that end, we’re spending this initial scouting visit meeting with those we’ve been able to connect with who have experience taking advantage of what Paraguay has to offer. We’re gathering insights, trying to fill in our image of Paraguay, with the help of charmingly contradictory and contrasting perspectives from people who know this country well but in different ways and for different reasons.

Who would want to spend time Paraguay?

Historically, Paraguay has been a place to disappear. Folks on the lam from far and wide have sought out this country because it has something people who don’t want to be found appreciate: Super low population density, at least in parts.

Paraguay is divided in two by the Rio Paraguay. To the east of the river is the Oriente; to the west is the Chaco. Paraguay today is home to 6.8 million people (as best as I can tell; it’s tough to find consensus in Paraguay on anything). About 6.6 million of those 6.8 live in the Oriente, leaving 200,000 for the Chaco, a region larger than the entire country of Uruguay. There is but one real road in the Chaco, the Ruta de Chaco, that travels from Asunción to the Mennonite town in the center of Chaco and then on to Bolivia.

Easy in a place like that to get lost and never to be found again if you didn’t want to be. That reality has contributed to Paraguay’s reputation as a kind of global hide-out. We’ve met with 30- and 40-year expats who probably were attracted to this country initially for reasons that fall into this category.

Other expats we’ve met, from both elsewhere in the region and farther afield, came not to escape but to prosper. Paraguay has a whole lot of undeveloped land. More important to some than the lack of population living on the land is the quality of the land itself.

“I came to Paraguay from Uruguay 15 years ago because I recognized that land in Paraguay is an excellent investment because, bottom line, the land in Paraguay is excellent, period,” one very successful expat-entrepreneur told us.

The land in Paraguay is fertile and also cheap. That Uruguayan businessman told us that he bought hundreds of thousands of hectares of land when he arrived on the scene in Paraguay 15 years ago at a cost of US$4 per. That same kind of raw land today sells for US$450 per hectare. Our new Uruguayan friend has done OK for himself for sure. The point for those of us arriving on the scene today, though, is that US$450 per hectare is still a global bargain.

Where to buy, what to buy, what to grow, and how to manage the farm? Those are questions we’re now trying to find answers for.

And we’re finding the related research delightfully entangled.

Kathleen Peddicord

Continue Reading: Gay Lifestyles In Latin America

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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