Real estate investment guide in Asunción for foreigners

Asunción and its metropolitan area are today one of the most dynamic real estate markets in South America for foreign investors. With average prices of USD 1,200 to USD 2,500 per m² in premium areas, values are notably lower than Buenos Aires, São Paulo, or Santiago.

Why invest in real estate in Paraguay?

• Accessible prices with high appreciation potential
• No restrictions for foreigners: non-residents can buy properties with the same rights as Paraguayan citizens
• De facto dollarization: real estate contracts are usually agreed in US dollars
• Active rental market: high demand from foreign professionals and multinational companies

Most sought-after areas

Villa Morra and Carmelitas: premium residential and commercial area of Asunción.

Aviadores del Chaco corridor: new mixed-use development projects.

San Lorenzo and Luque: logistics and industrial growth in Greater Asunción.

Lambaré and Fernando de la Mora: consolidated residential areas with good value.

Buying process

1. Property identification and due diligence

Verification at the Property Registry for liens, mortgages, or encumbrances.

2. Reservation contract

Generally 10% to 20% of the property value.

3. Public deed before a notary

Property transfer in Paraguay requires a public deed.

4. Property Registry registration

Change of ownership is registered after signing.

5. Transfer tax payment

2% on the deed value.