Real estate in Paraguay has the lowest value per square meter in the region(1), compared to European and North American Cities. During 2009 and 2010 the value a of square meter in Paraguay varied approximately between U$ 800 and U$1.200 compared to Uruguay, for example, which ranges from approximately U$ 2, 500 to U$ 5,000 per square meter. The square meter in Madrid, Spain is approximately between U$ 5,000 and U$ 10, 000.

Moreover, Paraguay still has not implemented personal income tax and the investment climate is extremely open. Real estate in Paraguay is a good choice of investment, given that Paraguay has exhibited a steady upward rise in price. Foreigners may buy property for own use in Paraguay and also invest in commercial property.

The price of real estate displays variations depending on the different areas within the Country, urban or rural. Real estate in Paraguay includes land and anything that is fixed to the land-like buildings and other immovable structures(2).

Nevertheless, the buyer of Paraguayan property must understand the price determining mechanism of the local real estate business before purchasing the immovable property. Factors which could influence the price include its location, security and facilities available among others.

Our law firm assists clients with the acquisition and disposition of all property. It is important to inspect property, prepare site inspection reports, prepare deeds, request appraisals, manage property, determine highest and best use of the property, and prepare closing documents and banking transactions.

In conclusion Paraguayan real estate is slowly but surely becoming an excellent investment opportunity in South America.