Property in Paraguay – an attractive market for foreigners
Paraguay is one of the few Latin American countries where foreigners may buy property and land without restrictions – with the same rights as Paraguayan citizens. No quota system, no restrictions on agricultural land (with few exceptions in border areas), no state pre-emption rights.
Prices and market
The property market in Paraguay is still very affordable by Latin American standards:
- Asunción, good area: 800–1,500 USD/m² for apartments
- Asunción, basic area: 400–700 USD/m²
- Encarnación: 500–900 USD/m²
- Rural land: From 2 USD/m² depending on location and use
Compared to German, Austrian or Swiss prices these levels are much lower – with corresponding potential for appreciation.
The purchase process
- Selecting a property: With or without an agent; local platforms and ParaguayJoker networks.
- Due diligence: Check of the land register (Catastro), encumbrances, buildability.
- Purchase contract: Notarial certification by a Paraguayan notary.
- Registration: In the land register (Registro de la Propiedad).
Transaction costs are approximately 3–5% of the purchase price (notary fees, taxes, registration).
Risks and how to avoid them
As with any overseas property purchase there are risks: unclear ownership, missing building permits or boundary disputes. ParaguayJoker works with trusted local lawyers and agents who carry out due diligence carefully. With professional support, common mistakes can be avoided. Contact us for personal property advice.
