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Paraguay, located in south America, has several countries who border on this landlocked country that consists of Brazil to the east and northeast, Argentina to the south and southwest and Bolivia to the northwest.
As the capital city of Paraguay, Asunción is world famous for being one of the oldest cities in South America and is often termed as "the heart of South America," because it acts as a strategic hub for trade, and cross-border commerce in South America.
Paraguay's real estate market tends to be easier to access due to generally lower prices, especially when comparing to like for like properties in Brazil, Argentina, Uruguay, or Chile.
