REAL ESTATE
Real estate investment requires looking beyond the pace of construction
Supply, absorption, prices, returns, vacancy and emerging development areas are the signals to assess the depth of real demand.
READ FULL ANALYSIS →RADAR REAL ESTATE
Real estate investment in Paraguay, with a business perspective
A Radar Inversión vertical covering the market, projects, financing, demand, returns and real estate risk for business leaders, executives and investors.
FEATURED ANALYSIS
What we are watching
REAL ESTATE INTELLIGENCE
Tools to invest with better information
Two Radar editorial products designed to move from reading the market to evaluating a specific investment.
PROJECT RADAR
104
identified projects
47 UNDER CONSTRUCTION26 PRE-SALE / DEVELOPMENT8 NEAR DELIVERY
Explore the editorial database by neighborhood, stage and asset type. Dated, verifiable information to understand what is being built in Asunción.
EXPLORE PROJECT RADAR →INVESTING IN PARAGUAYInvestor Guide
A practical roadmap before committing capital.
OFF-PLAN PURCHASE
DOCUMENTATION AND DUE DILIGENCE
COSTS AND TAXES
RENT AND RETURNS
RISKS
VIEW INVESTOR GUIDE →DOCUMENTATION AND DUE DILIGENCE
COSTS AND TAXES
RENT AND RETURNS
RISKS
Inclusion in Project Radar documents publicly verifiable information. It does not constitute an investment recommendation or certification.
MARKET RADAR
The market in 60 seconds
A quick read of the indicators that help size activity, financing and prices. Each figure shows its source and period; Radar's own data is published only when the methodology is verifiable.
FINANCIAL PULSE · JULY 2026
Source: Central Bank of ParaguayLocal-currency credit linked to the real estate market
₲ 10.07 trillion
₲ 3.72 trillion
₲ 2.65 trillion
Weighted average for the banking and finance system in local currency · July 2026. It is not specifically a mortgage rate.
The BCP reported a year-on-year decline in construction activity in July, associated with a slower pace of public and private works.
Cumulative approvals through June 2026; AFD reported them as a record high for the housing segment.
Official data. Price/m², inventory, rent and absorption figures will be incorporated as Radar series once the methodology is validated.
ASKING PRICES · SEPTEMBER 2026
Asunción approaches USD 1,800 per m²
Market reference built from published asking prices. These are not deed values or actual closing prices. Radar will always show the methodology and data date.
Asunción · apartments USD 1,788/m² TuLugar · data as of Sep 25, 2026
CROSS-CHECK USD 1,786/m² Proppy · September 2026 · 12,885 apartments for sale
Monitored inventory 79,570 Properties in Asunción · TuLugar
CitiesUSD/m² · apartments
Asunción1,788
San Bernardino1,527
Luque1,367
Fernando de la Mora1,247
San Lorenzo1,175
Lambaré1,110
Asunción neighborhoodsUSD/m² · apartments
San Juan2,300
Manorá2,176
Santo Domingo2,111
Las Lomas2,020
Ycuá Satí2,000
How to read these data These are medians of asking prices. They are useful for comparing micro-markets and detecting signals, but they do not replace actual closing prices, vacancy or absorption. Main source: TuLugar; Asunción cross-check: Proppy.
MARKET GEOGRAPHY
Where activity is concentrated
We compare the main hubs and micro-markets to understand where supply is growing, where demand is emerging and how prices vary by area.
PROJECT RADAR · ASUNCIÓN
Real estate project map
Explore the territorial distribution of projects identified by Radar and open the full interactive map.
CURRENT DEVELOPMENTS
What is moving the real estate market
MARKET
Dollar, costs and price per m²
How the developer equation changes when sales are referenced in dollars while a large share of costs is paid in guaraníes. Radar will track the exchange rate, price per m² and the impact on margins, pre-sales and sales velocity.
READ ANALYSIS →DEMAND
Spain looks to Paraguay: capital, residency and real estate
Spain is already among the European nationalities with the strongest residency presence in Paraguay. The Investor Pass adds a real-estate route from USD 200,000, while banking, compliance and information quality remain frictions for foreign capital.
VIEW INTERNATIONAL INVESTOR →DATA AND MARKET
Vertical Asunción: where real estate investment is growing and what prices show
CONCENTRATION OF IDENTIFIED PROJECTS
104projects
editorial database
editorial database
Las Lomas
25
Recoleta
16
Villa Morra
16
Ycuá Satí
11
Mburucuyá
5
Santísima Trinidad
5
47 UNDER CONSTRUCTION26 PRE-SALE / DEVELOPMENT8 NEAR DELIVERY
Count of identified projects · does not represent market share or built area · data cut 27 Sep 2026
Asunción is entering a new stage of vertical development. The number of works confirms activity, but by itself does not demonstrate sufficient demand to absorb all future supply.
Published apartment asking prices are close to USD 1,800 per m² for the city, with significant differences between neighborhoods. Radar will track each micro-market separately: entry price, sustainable rent, new supply, inventory age and sales velocity.
USD 1,788/m²TuLugar · published asking price
USD 1,786/m²Proppy · September 2026
79,570Properties monitored by TuLugar
Radar view: verticalization and construction activity are supply signals. The quality of an investment depends on how that supply relates to effective demand, rent, vacancy and price within each area.
PROJECTS UNDER RADAR
How Radar analyzes a real estate project
Radar separates commercial data from editorial analysis: who participates, what it costs, what competing supply exists, what demand may absorb it and what risks may affect the outcome.
01 · PROJECT PROFILE
A comparable profile, not an advertisement
Each project will include location, typology, scale, units, stage, expected delivery date, developer, builder and asking price when available. The profile will show date and source to allow project comparison.
02 · CAPITAL AND STRUCTURE
Who does what within the project
Radar will distinguish landowner, investor, developer, builder, sales agent and financier. Corporate or financial relationships will be published only when supported by public information or directly verifiable confirmation.
03 · RADAR VIEW
What the project means for the market
The editorial analysis will examine new supply, competition, price, accessibility, infrastructure, demand profile and absorption risk. The goal is to explain the project's impact on its micro-market, not to rate it as an investment recommendation.
PROJECT RADAR DATABASE · PARAGUAY
Radar methodologyFrom news to a comparable project profile
Location, typology, scale, stage, expected delivery, developer, builder and published price when a verifiable source exists.
Competing supply, asking prices, infrastructure, observable demand and absorption signals, always with an identified period and methodology.
Each variable will distinguish developer data, public sources and Radar calculations. A commercial claim will not be presented as independent evidence.
If a variable cannot be verified, it will be shown as unavailable. The profile will not be a classified ad or an investment recommendation.
VARIABLE ANALYSIS
Capital, returns and risk
Why currency changes the real estate equation
In Paraguay, asking prices expressed in dollars coexist with costs, wages, services and inputs that may be denominated in guaraníes. This makes the exchange rate a business variable, not merely a financial reference.
Radar will track the effect on three decisions: replacement cost, developer margin and the buyer's ability to sustain the investment ticket. Exchange-rate movements can change returns even if the published property price does not.
Radar criterionWhen an estimate depends on assumptions — for example rental yield or total construction cost — the methodology must be explicit before it is converted into an indicator.
WHO IS INVESTING
Who is moving the real estate market
The goal is not to list companies: it is to connect player → capital → project → area → builder → sales agent to understand who is actually participating in Paraguay's real estate growth.
This block will not function as a commercial directory. Its purpose is to show the value chain behind each project and explain which companies develop, build, finance, invest and sell. Over time, Radar will be able to cross-reference players, projects, areas and track records.
We will track portfolios, completed and ongoing projects, areas, scale, prices, pipelines and alliances. CAPADEI will be a relevant source, but will not by itself represent the entire universe of developers.
We will identify who executes each project, the segments in which they participate, their geographic presence and their relationship with developers and investment groups. CAPACO and construction records will be part of the cross-check.
The map will seek to connect Paraguayan and foreign capital with holdings, funds, vehicles and publicly verifiable alliances, distinguishing investor, developer, builder and financier.
We will track who markets the supply, what inventory they represent, which buyers they reach and what signals they provide about local and international demand. Commercial claims will be separated from observed data.
How the map will be built: each player will be associated only with verified projects and functions. When enough information is available, track record, delivered projects, ongoing works, activity areas and documented capital relationships will be incorporated.
FOREIGN INVESTOR RADAR
Paraguay enters the radar of foreign capital
The arrival of new residents, the Investor Pass and European interest add an international layer to the real estate market. Radar will track both opportunities and operational barriers.
Residency applications received by Migration authorities, 62% more than in the same period of 2025.
Residencies granted to Spanish citizens; Spain was the fourth nationality with the most residencies issued.
Minimum amount for real estate investment for economic purposes under the new regime.
What a foreign investor should examine
MarketPrice/m², future supply, rent and absorption by micro-market.
DeveloperTrack record, delivered projects, contractual structure and execution capacity.
CurrencyDollar-denominated sales versus local costs and exchange-rate exposure.
OperationsBanking, compliance, fund inflows and asset documentation.
Spain signal In 2026, real estate commercial actions were carried out in Madrid, Barcelona and Valencia, and sector representatives have said that banking and regulation remain relevant frictions for expanding European capital flows. Radar will treat these statements as stakeholder claims and cross-check them against official data.
FINANCING
Credit also shapes the market
Banks, AFD, mortgage credit, developer financing and policies that turn potential demand into effective demand.
Buyers and housing
Mortgage credit, rates, terms, installments, requirements and AFD programs. This layer helps measure how much potential demand can actually become purchases.
Developers
Equity, pre-sales, construction loans and other financing structures when public. Radar will examine how financial conditions affect construction pace and new project launches.
Market signal
Credit will be read alongside permits, construction, supply and prices. An increase in financing does not by itself equal higher real estate demand: what matters is which segment it reaches and under what conditions.
RADAR CONVERSATIONS
The central interview
A recurring conversation with someone able to explain a relevant market decision: a developer on capital and costs, a bank on credit, an investor on entry criteria, or a public authority on permits and infrastructure. The focus will be on figures, decisions and risks.
Capital and costsWhat is changing in project economics.
Demand and creditWho buys, how they finance and what slows absorption.
RisksCurrency, regulation, infrastructure and future supply.