Buying property in Paraguay as a foreigner
A foreigner can buy urban property in Paraguay without residing in the country or holding Paraguayan nationality. You need valid identification, a local tax identifier and the deed before a notary, which can be signed by power of attorney if you do not travel.
In short
- Who can buy: any non-resident foreigner, on urban property.
- Currency: deals are transacted in US dollars.
- Presence: not required: signing accepts a power of attorney.
- Taxation: in Paraguay on the transaction and in your country of tax residence on the income.
- Observed range: deals published by Atlas Oikos ran from 33,200 to 58,900 dollars.
Can a foreigner buy in Paraguay?
Yes. Paraguayan law does not restrict the acquisition of urban property by non-resident foreigners, who buy on the same terms as a national. The relevant restriction affects rural property in border zones, which does not apply to buying a home in Asunción.
What does need resolving is identification: you need an identity document or valid passport and the local tax identifier required to sign a deed.
The process, from reservation to deed
- Reservation. The unit is held with the developer against a deposit.
- Due diligence. Title, charges, development licences and the terms of the contract are reviewed.
- Purchase contract. With the payment schedule, which on new builds is staged through to delivery.
- Deed before a notary. In person or by power of attorney.
- Registration and handover. The property is registered in your name and the keys are handed over.
What we do at each stage is in how it works.
How much capital you really need
The purchase price is the headline, not the number. On top of it come transfer taxes, notary and registration fees and, if the unit is delivered unfurnished, the furnishing — which matters in units intended for rental.
As a reference, the eleven deals Atlas Oikos guided in Asunción ran from 33,200 to 58,900 dollars in purchase price.
The risks nobody puts in the listing
Four, and they deserve a straight look. Developer risk: much of the product is new build with delivery two or three years out, and dates move. Currency risk: you buy in dollars and probably think in another currency. Vacancy risk: the advertised yield assumes occupancy, and occupancy depends on the specific neighbourhood. Regulatory risk: you operate in a jurisdiction whose rules you do not know.
Filtering well reduces these risks; it does not remove them. How we filter is in selection criteria.
Frequently asked questions
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