# 395: Paraguay: Where Capital Is Clustering & Fortunes Are Being Made – Part 1

Page: https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112/395-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-1
Text version: https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112/395-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-1.md
Podcast: [The Expat Money Show - With Mikkel Thorup](https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112)
Published: 2026-02-25T11:00:00+00:00
Episode link: https://expatmoneyshow.com/paraguay-where-capital-is-clustering-part-1
Audio file: https://episodes.captivate.fm/episode/3cbd47f5-a6be-4fbe-9c49-f2842acae496.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-expat-money-show-with-mikkel-thorup-1129112/episodes/395-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-1
Duration seconds: 4913

## Resource

In today’s episode, I’m joined by Fernando de Cevallos, my friend and business partner, and one of the key people behind a decade-plus development surge in one of the country’s most strategic regions. He’s been in the middle of the transformation while everyone else was busy “discovering” it after the fact… and now he’s rolling out a project in Paraguay that doesn’t look anything like what’d you’d expect in the “developing world”. If you didn’t know where it was, you’d swear you were looking at something built for downtown Madrid, not Paraguay. We dig into the economic thesis: why this location, why this timing, and why this model… and we unpack the parallels between overlooked markets that got written off… right up until they turned into serious wealth engines and global-tier cities.   IN TODAY’S EPISODE The unsexy fundamentals behind Paraguay’s growth (the kind that actually holds), and what that means if you’re building a Plan-B for your family and looking for asymmetric upside as an investor. Why the capital isn’t being put “everywhere” it’s being funnelled into one tiny cluster, and how to spot the exact zones where new roads, utilities, and services force prices and rents upwards. The demand engine most people miss: trade tailwinds + sustained population growth, bringing in a steady stream of buyers, renters, and businesses that keep this corner of the market liquid. How the smart money is positioning before the headlines, what they’re buying, how they structure deals, and how you can get in without needing a million dollars in spare cash to do so. If you want a clear, boots-on-the-ground playbook for where Paraguay is actually moving, and how to position your family and capital BEFORE the crowds show up, then this conversation gives you the map, the logic,…

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## Transcript

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