RADAR INVERSIÓN · REAL ESTATE
Real Estate Radar
Investment · Construction · Projects · Market
Real estate news
Property news, projects and market analysis · Sources and dates in each article
REAL ESTATE SPECIAL · 14 NOV
Paraguay rentals: 9,942 listings reveal asking-price gaps, not guaranteed returns
REAL ESTATE
Che Róga Porã: 7,620 families with credit approved or under review
REAL ESTATE
More Mariscal 3 starts construction in Asunción
REAL ESTATE
Asunción approved 571,604 m² of high-rise projects in 2025
REAL ESTATE
Home loans: 9.59% average rate in June 2026
REAL ESTATE
Historic Centre: tax incentives to support urban renewal
URBAN DEVELOPMENT
North Waterfront: Eco-District first phase plans 300 homes
INVESTMENT
Paseo Rosario advances in Luque with investment above USD 104 million
MARKET
Paraguay developers warn weaker dollar is delaying real estate investment
INFRASTRUCTURE
Paso Carreta: PYG 53.464 billion flood-protection works begin in Luque
PROJECTS
Menabi I opens a new real estate chapter in Luque as Menabi II is planned
DEVELOPMENT
Ramada Suites plans expansion near Asunción airport
PROJECTS
MOVA del Sol starts construction with 228 apartments and short-stay rental management
Real Estate Observatory
Editorial inventory and municipal filings · historical cutoffs identified · consistency review 14 November 2026
106Projects in the baseline inventory
58.500 m²Floor area proposed between 1 and 19 October 2026
10Candidates pending verification
Different measures: 106 projects in Radar's baseline inventory (105 mapped, 1 pending); 58,500 m² proposed in 60 municipal applications from 1–19 October 2026; and 10 additional candidates not yet included in the verified baseline. These are not completed buildings, approved permits or investment recommendations.
Verified property indicators
Explicit periods and definitions to keep different measures separate
571,604 m²
Approved high-rise building area · Asunción, 2025
7,620
Families with approved or pending loan review · MUVH, 2026
9.59%
Average housing-loan rate in guaraní · BCP, June 2026
MARKET GEOGRAPHY
Where activity is concentrated
Micro-markets are compared using published apartment asking prices, documented supply and projects. A project's location alone does not prove effective demand or returns. Asking-price snapshot: 11 Nov 2026; project inventory has a separate reporting date.
PROJECT RADAR · 106 IDENTIFIED PROJECTS
Project map — Asunción
The database includes 106 identified projects: 105 with a location on the map and 1 with location pending. Larger points have a verified street address; the remaining points show an approximate position within the documented neighborhood or area.
Cartography: OpenStreetMap contributors · Approximate area positions are used when a verified street address is not available.
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.
LOAN BALANCES · JULY 2026 | RATES · AUGUST 2026
Source: Central Bank of ParaguayLocal-currency credit linked to the real estate market
₲ 10.07 trillion
₲ 3.72 trillion
₲ 2.65 trillion
BCP · August 2026: weighted average local-currency lending rate, 15.96%; housing, 9.27%. System averages, not individual offers. This block’s sector loan balances retain their July reference.
The BCP reports year-on-year construction growth in August 2026, associated with a faster pace of public and private works. Source: August IMAEP; replaces the July reference.
Housing approvals: USD 275.59 million equivalent in January–September 2026; disbursements: USD 226.42 million equivalent. These are separate categories, not home sales. Source: AFD Credit Management Report, September 2026, pp. 1–2.
Official data. Price/m², inventory, rent and absorption figures will be incorporated as Radar series once the methodology is validated.
APARTMENT ASKING PRICES · 14 NOVEMBER 2026
Asunción approaches USD 1,800 per m²
TuLugar, 11 Nov 2026: median advertised apartment price per square metre in Asunción. Asking prices are not registered sale prices, closed transactions or guaranteed returns.
Asunción · apartments USD 1,810/m² TuLugar · 11 Nov 2026 · advertised apartment prices; not closed sales
CROSS-CHECK USD 1,786/m² Proppy · September 2026 · 12,885 apartments for sale
Monitored inventory 80,338 Properties in Asunción · TuLugar
CitiesUSD/m² · apartments
Asunción1,810
San Bernardino1,521
Luque1,380
Fernando de la Mora1,259
San Lorenzo1,183
Lambaré1,116
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 median asking prices, not actual sale prices. Compare property type, location, listing age, expenses and vacancy. Source: TuLugar (11 Nov 2026); Proppy retained as a historical September 2026 cross-check.
Project inventory · documents through 31 October 2026 · consistency reviewed 14 November 2026. Developer-reported milestones do not establish permits or physically completed work.
Additional projects identified outside Asunción
11 developments identified on their developers' own websites, with no name match in the 106-entry local inventory. Project stages are company statements, not independently verified municipal permits. These projects are not added to Asunción's counter.
V Tower Fernando
Developer sourceV Tower Riviera
Developer sourceV Tower del Lago
Developer sourceRISE
Developer sourceHUB.8
Developer sourceArbolia Luque
Developer sourceAlion
Developer sourceLofty City Hub
Developer sourceBusiness One
Developer sourcePaseo Mboi Ka’e
Developer sourcePaseo Lomas
Developer sourceREAL 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
106
validated projects in Asunción
48 UNDER CONSTRUCTION · BASE 10628 PRE-SALE / DEVELOPMENT · BASE 1068 NEARING DELIVERY · BASE 106
Validated Asunción baseline: 106 projects or developments (105 mapped, one location pending). Another 10 candidates remain outside the inventory until independently checked. Maps and stages refer only to the 106, without double-counting towers belonging to one complex. Editorial consistency check: 13 November 2026; historical evidence cutoffs remain unchanged.
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.
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 →REGULATION
SEPRELAD activates mandatory SIRO data update
From October 5, 2026, obligated entities in the real estate sector must update their general data in SIRO. Completing the form is required to continue using the platform.
Updated: October 5, 2026
READ NOTE →DATA AND MARKET
Vertical Asunción: where real estate investment is growing and what prices show
CONCENTRATION OF IDENTIFIED PROJECTS
106projects
editorial database
editorial database
Las Lomas
26
Recoleta
16
Villa Morra
15
Ycuá Satí
12
Mburucuyá
5
Santísima Trinidad
5
48 UNDER CONSTRUCTION28 PRE-SALE / DEVELOPMENT8 NEAR DELIVERY
Radar inventory: 106 projects (105 mapped, one pending). Ten additional candidates remain excluded. Editorial consistency reviewed 14 November 2026; documentary cutoff dates are historical.
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.
The median advertised apartment price in Asunción is USD 1,810/m² (TuLugar, 14 November 2026). The site monitors 80,338 properties and reports a 239-day median age for active listings. Listing age is not verified time-to-sale, and advertised prices do not establish closed transactions, absorption or investment returns.
USD 1,810/m²TuLugar · asking price · 11 Nov 2026
USD 1,786/m²Proppy · September 2026
80,338Properties 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.
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.
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.
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.
