Investing in Real Estate in Paraguay
Paraguay's real estate market presents a compelling opportunity for American investors, with market value projected to reach $194.4 billion by 2025. We're seeing increasing interest from US buyers seeking Latin American properties as alternatives to the saturated domestic market.
Whether you're looking for an investment property with strong returns, a vacation home in an emerging destination, or planning for retirement in a country with a lower cost of living, Paraguay offers unique advantages worth exploring.
Average Home Prices in Paraguay
Price Advantage:
Paraguay properties cost approximately 80% less than comparable Nashville properties on a per square foot basis.
Transaction Value:
The average Paraguay transaction ($97,870) is about 75% lower than Nashville's average home price ($477,000)
In Paraguay, urban apartments in Asunción typically range from $1,200–$1,500 per square meter ($112–$139 per square foot), with prices in other areas falling between $60–$120 per square foot. By comparison, Nashville's real estate commands $320–$380 per square foot, making Paraguay significantly more affordable for comparable properties.
Popular Areas for Investment and Living
Asunción
The capital city offers modern condominiums, vibrant cultural scene, and established expat communities. Properties here have the highest appreciation potential and strongest rental demand.
Capiatá
This fast-growing area features new residential developments with excellent price-to-value ratios. Increasing infrastructure investment makes it attractive for long-term appreciation.
Suburban Areas
Luque, Lambaré and other suburbs offer larger family homes with yards at a fraction of US costs. These areas appeal to expatriate families seeking space and tranquility.
Visa, Residency, and Citizenship Options
Visa
- Permanent Residency by Investment: Invest at least $70,000 in a local business to qualify for residency, with citizenship eligibility after 3 years.
- Retirement Visa: Requires proof of a monthly income of at least $1,022, allowing retirees to live in Paraguay.
- Visa-Free Travel: Paraguay allows U.S. citizens to stay for up to 90 days without a visa, with the option to extend for another 90 days.
Residency
- Retirement Residency: Requires proof of $1,300/month income, valid for life with visits every 3 years.
- Investment Residency: Invest $70,000 in a business for permanent residency and citizenship after 3 years.
- Independent Means: Show financial stability for permanent residency, with citizenship eligibility in 3 years.
Citizenship
- Naturalization Timeline: After holding permanent residency for 3 years, you can apply for citizenship.
- Language & Integration: Demonstrate proficiency in Spanish or Guarani and pass exams on Paraguayan history and politics.
- Physical Presence: Reside in Paraguay for at least 183 days per year during the 3-year period before applying.
Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
Steve Luther
Chief Troublemaker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
Ashley Luther
COO/Managing Broker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
713 18th Ave S, Nashville, TN 37203