Quick Answer
Paraguay has no restrictions on foreign property ownership. Rent in Asunción starts at ~$255/month for a 1-bedroom outside the city centre. Villa Morra and Carmelitas are the main expat neighborhoods. For the complete property buying guide, due diligence checklist, and scam warnings, visit our dedicated Real Estate section.
Paraguay Real Estate at a Glance
Current market data from Numbeo (April 2026, 101 data points, 16 contributors) and Expatistan.
Price-to-Income
12.17x
ratio (affordability measure)
1-Bed (City Centre)
~$418
monthly rent
1-Bed (Outside)
~$255
monthly rent
Deposit
1 month
+ first month's rent
Rental Prices in Asunción
Monthly rent in Guaraníes and USD. Data from Numbeo (April 2026) cross-referenced with Expatistan.
| Type | City Centre | Outside Centre |
|---|---|---|
| 1-bedroom apartment | 3,258,731 Gs (~$418) | 1,992,174 Gs (~$255) |
| 3-bedroom apartment | 5,558,864 Gs (~$713) | 3,489,728 Gs (~$447) |
Furnished Apartments (Expatistan)
| Type | Expensive Area | Normal Area |
|---|---|---|
| 85m² furnished apartment | 6,848,780 Gs (~$878) | 3,229,860 Gs (~$414) |
| 45m² furnished studio | 3,255,860 Gs (~$417) | 1,953,660 Gs (~$250) |
Rental tips: Furnished apartments command a 40%–60% premium. Standard deposit is 1 month + first month's rent. Leases are typically 1–2 years, but month-to-month is common for furnished places. Many listings appear on Facebook Marketplace and local classifieds.
For the complete property buying guide
Buying process, due diligence checklist, documents needed, scam warnings, and ongoing costs are all covered in our dedicated Real Estate Guide. Also see the Due Diligence Checklist before committing funds.
Buying Property in Paraguay
Paraguay places no restrictions on foreign property ownership - foreigners have the same rights as citizens.
Purchase Prices (per m²)
| Location | Price/m² |
|---|---|
| City Centre | 10,932,423 Gs (~$1,401) |
| Outside Centre | 7,979,593 Gs (~$1,023) |
Transaction Costs
| Fee | Rate | Paid By |
|---|---|---|
| Real estate agent | 5.0% | Buyer |
| Registration | 0.74% | Buyer |
| Notary + VAT | 0.75%–2.2% | Seller |
| Municipal transfer | 0.2%–0.3% | Seller |
Buying Property?
See the full Real Estate Guide
Complete buying process, due diligence checklist, documents needed, scam warnings, and ongoing costs. Go to Real Estate Guide
Foreign Buyer?
Read this first
Title fraud, informal settlements, and unregulated intermediaries are real risks. See the Due Diligence Checklist
The Buying Process
Property purchases in Paraguay go through a notary (escribano), who obtains registry checks, drafts the deed, and files it with the Public Registry. Typical timeline: 30-60 days.
For the full step-by-step process, closing costs, documents, and common mistakes, see How to Buy Property Safely.
Best Neighborhoods for Expats
Asunción's expat-friendly neighborhoods, ranked by desirability and price. For a full lifestyle and amenities comparison, see the cities & neighborhoods guide.
Top Choice
Villa Morra
The most upscale neighborhood. International restaurants, Shopping del Sol mall, private hospitals, and most international schools nearby. Highest rents but best amenities. Walkable in the core area.
Popular Alternative
Carmelitas
Adjacent to Villa Morra with a younger, more vibrant feel. Modern apartment buildings, craft breweries, coworking spaces. Popular with digital nomads and young professionals.
Family-Friendly
Las Lomas
Quieter residential area with houses rather than apartments. Good for families wanting yard space. Less walkable - a car is essential.
New Development
Mburuvichá Róga
Newer development with modern housing projects. Growing expat presence. Good value for new construction. Still developing commercial infrastructure.
Budget-Friendly Options
Fernando de la Mora
Residential suburb, good value. 15–20 minutes to Villa Morra by car.
San Lorenzo
University area, affordable and lively. Home to UNA main campus. Busy but well-connected.
Luque
Near the international airport. Mixed residential and commercial. Most affordable of the three.
Property Tax & Rental Income
Paraguay has no wealth tax, no inheritance tax, and no gift tax. Property tax is based on fiscal/cadastral value. Verify current rates with a local tax advisor.
| Tax Type | Rate | Notes |
|---|---|---|
| Rental income (non-resident) | Verify with SET/DNIT | Withholding mechanism may apply |
| Capital gains (non-resident) | Verify with SET/DNIT | Treatment varies by residency |
| Income tax (resident) | 8%–10% | On Paraguayan-sourced income |
| Wealth tax | None | No wealth tax exists |
| Inheritance tax | None | No inheritance tax exists |
| Gift tax | None | No gift tax exists |
For full details on property taxes, rental income obligations, and ongoing costs, see Property Taxes in Paraguay.
Utilities & Telecom Costs
Monthly utility and telecom costs for a typical apartment in Asunción. Data from Numbeo and Expatistan (April 2026).
| Utility | Monthly Cost | Notes |
|---|---|---|
| Electricity, water, gas (85m²) | 279,534 Gs (~$36) | For 2 people |
| Broadband internet | 126,410 Gs (~$16) | Broadband, varies by neighborhood |
| Mobile plan (10GB+) | 98,970 Gs (~$13) | Calls + data included |
Total monthly utilities: Approximately $65 for utilities + internet + mobile. For full budget planning, see the cost of living guide. Gas for cooking and heating is typically sold in cylinders rather than piped. Fiber optic internet is available in upscale neighborhoods (Villa Morra, Carmelitas) but may be limited in outer suburbs.
Practical Tips for Renting & Buying
Renting
- Deposit: 1 month + first month's rent is standard
- Lease terms: 1–2 years typical; month-to-month for furnished
- Where to look: Facebook Marketplace, Clasipar.com.py, local agents
- Language: Listings are in Spanish - bring a translator or agent
- Furnished premium: Expect 40%–60% more than unfurnished
Buying
- No foreign restrictions: Same rights as Paraguayan citizens
- Timeline: 30-60 days from agreement to registration
- Notary is key: They handle registry checks and deed registration
- Due diligence: Always verify title, liens, debts, and boundaries
- Full guide: See Real Estate Guide
Important Warnings
- Title verification: Always use a reputable notary to verify the property title is clean before signing anything
- Informal settlements: Some areas have informal land tenure - make sure the property has proper registered title
- Construction quality: Varies widely. Have a structural inspection done before purchasing, especially for older buildings
- Currency: Prices may be quoted in USD or Guaraníes - clarify which before comparing