# 396: Paraguay: Where Capital is Clustering & Fortunes Are Being Made – Part 2 Page: https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112/396-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-2 Text version: https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112/396-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-2.md Podcast: [The Expat Money Show - With Mikkel Thorup](https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112) Published: 2026-02-26T11:00:00+00:00 Episode link: https://expatmoneyshow.com/396-paraguay-where-capital-is-clustering-part-2 Audio file: https://episodes.captivate.fm/episode/ee75d8d5-6045-4ddd-bc65-072d7374462c.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-expat-money-show-with-mikkel-thorup-1129112/episodes/396-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-2 Duration seconds: 3601 ## Resource In today's episode, we pick up where we left off with my friend and business partner, Fernando de Cevallos, for a live Q&A session about the transformation happening inside Paraguay’s most important region. This discussion followed the special live presentation we hosted for hundreds of members of the Expat Money Community. We cover everything from expected net returns and capital appreciation expectations to the development timeline… and, of course, we discuss the ownership benefits that extend beyond the financial side of things. Enjoy today's episode!   IN TODAY’S EPISODE Why the “Madrid” comparison matters: it’s not about bragging rights, it’s about the finishing that pulls high-quality tenants and strengthens demand The two exit paths almost every investor ignores (and why the wrong one can trap your capital longer than you planned) How this region of Paraguay fits into a larger economic story, why it’s a magnet for jobs, services, and growing businesses The difference between just buying “a unit” and buying into a micro-market, and why a micro-market is where the REAL money is made… How the benefits that don’t show up on a spreadsheet are the ones that actually drive the long-term value we all seek   STAY IN TOUCH! Stay informed about the latest news affecting the expat world and receive a steady stream of my thoughts and opinions on geopolitics by subscribing to our newsletter . You will receive the EMS Pulse® newsletter and the weekly Expat Sunday Times; sign up now and receive my FREE special report, “Plan-B Residencies and Instant Citizenships.” WEALTH, FREEDOM & PASSPORTS CONFERENCE, MARCH 6-7, 2026 Join us in Panama City from March 6-7, 2026, for our second annual in-person event, the Wealth, Freedom and Passports Conference ! Space is ver… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-expat-money-show-with-mikkel-thorup-1129112/episodes/396-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-2/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-expat-money-show-with-mikkel-thorup-1129112/396-paraguay-where-capital-is-clustering-fortunes-are-being-made-part-2.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.