The Investor Pass real-estate route starts at USD 200,000. That number is easy to find. What is much harder to find is a straight answer to the obvious follow-up: what does USD 200,000 actually buy in Asunción, and what will it earn?
Below are the figures as we see them in the market in the second half of 2026. Treat them as ranges, not quotes — prices move, and any specific building is its own negotiation.
Price per square metre
| Segment | Typical asking price | What that looks like |
|---|---|---|
| City average (median asking) | ≈ USD 1,750 / m² | The mid-point across Asunción as a whole |
| Central / consolidated areas | USD 1,200–1,500 / m² | Older stock, established blocks, walkable |
| Premium corridors | USD 1,500–2,000 / m² | Newer towers, amenities, the areas that lease fastest |
For orientation: a 100 m² two-bedroom apartment in a good but not top-tier building lands around USD 120,000. That is the single most useful anchor in this article, because it tells you immediately that USD 200,000 is not a stretch budget in Asunción. It is a comfortable one.
So what does the threshold actually get you?
Broadly, three shapes of purchase:
- One larger, better-located unit. Roughly 100–160 m² in a premium corridor, or comfortably more in a consolidated central area. Simplest to manage, easiest to resell, lowest yield.
- Two smaller units. Two one- or two-bedroom apartments in the USD 90,000–110,000 range. More administration, better blended yield, and the option to sell one without unwinding the whole position.
- Off-plan (en pozo) at a discount. Buying pre-delivery typically prices below finished stock, which stretches the budget furthest — at the cost of taking delivery risk and waiting for income.
What it earns
Gross yields in Asunción generally run 6–10% on long-term rentals, with well-run short-term units reported as high as 15%. Rents rose roughly 10–12% in 2025 and have continued at a similar pace through 2026, while sale prices have climbed around 7–10% a year for three years.
The word doing the work there is gross. Off that headline number come vacancy, management, maintenance, condominium fees and the occasional bad tenant. Net is realistically a few points lower, and anyone quoting you a net figure that sits at the top of the gross range is quoting you a brochure.
The cost that surprises people in a good way
Paraguayan property tax is genuinely low — for a single standard apartment, typically under USD 100 a year. If you are coming from a market where annual property taxes run into four or five figures, this materially changes the hold economics, and it is the one line item where Paraguay is not merely cheaper but in a different category.
The risks we would want you to weigh
- Liquidity. Asunción is a thin market compared with a major capital. Selling well takes time; selling quickly costs you.
- Currency and rent denomination. Whether your lease is in guaraníes or dollars changes your real return. Clarify it before you model anything.
- Delivery risk on off-plan. Delays are common everywhere; the remedy depends entirely on the contract you signed.
- Growth is not a promise. Three years of 7–10% appreciation is a fact about the past. Buy on the yield and the location; treat appreciation as upside.
Buying to qualify is a constraint, not a strategy
The most expensive mistake in this whole process is treating the property as a box to tick. The residency is the point, but the property is where your USD 200,000 lives for the next several years. A qualifying property that is badly bought is a permanent residency attached to a permanent loss.
Buy something you would be content to own if the residency did not exist. Then check that it qualifies. In that order — never the reverse.
For the requirements the file itself has to satisfy, see the new solvency rules under Resolution 407/2026, and for everything beyond the purchase price, the full cost breakdown.