Asunción, the capital city of Paraguay, is quickly emerging as a desirable destination for expats seeking an affordable, safe, and culturally rich lifestyle in South America. Whether you’re relocating for remote work, retirement, or investment, Asunción offers a unique blend of modern amenities, colonial charm, and growing international appeal.
In this expert guide, we explore the best neighborhoods and areas for expats in Asunción in 2025 — focusing on safety, lifestyle, real estate opportunities, and connectivity.
1. Villa Morra – The Expats’ Favorite
Why it’s popular: Often dubbed the “expat capital” of Asunción, Villa Morra offers a cosmopolitan lifestyle with high-end cafés, restaurants, gyms, and boutique shopping centers like Shopping Mariscal.
Who it’s for: Professionals, digital nomads, and investors looking for modern apartments or condos with solid internet and walkability.
Real estate insight: Prices are higher than average, but returns on Airbnb rentals are excellent due to location and safety.
2. Recoleta – Residential Comfort with Urban Access
Why it’s popular: A balanced mix of quiet residential streets and easy access to commercial zones, Recoleta is ideal for families and long-term expats.
Nearby perks: Close to health clinics, international schools, and a short ride to downtown.
Real estate insight: Spacious apartments and family homes with gardens are available at moderate prices. Security is good, and the area is peaceful.
3. Las Lomas – Exclusive and Secure
Why it’s popular: Known for its gated communities, embassies, and upscale homes, Las Lomas is one of Asunción’s most prestigious neighborhoods.
Who it’s for: Diplomats, retirees, and high-net-worth expats seeking privacy and luxury.
Lifestyle: Beautiful tree-lined streets, excellent security, and a quiet environment. Expect to pay premium prices, but get top-tier living standards.
4. Carmelitas – Trendy and Connected
Why it’s popular: Vibrant nightlife, modern coworking spaces, and new apartment buildings make Carmelitas a hotspot for younger expats and entrepreneurs.
What stands out: It’s a short walk to Villa Morra, but slightly more affordable. Cafés, gyms, and international restaurants are everywhere.
Real estate tip: Ideal for short-term rentals or buying-to-let. Demand is growing fast among locals and expats.
5. San Jorge / Ycuá Satí – Hidden Gem for Long-Term Expats
Why it’s popular: These neighborhoods are quiet, green, and slightly more local, offering an authentic Paraguayan feel without sacrificing safety or convenience.
Who it’s for: Long-term expats who want a calmer lifestyle or are raising a family.
Bonus: You’re still within 10–15 minutes of commercial hubs, but real estate is much cheaper here.
6. Las Mercedes – Artistic, Authentic, and Up-and-Coming
Why it’s popular: Las Mercedes is gaining traction among expats and young professionals for its creative vibe, historic buildings, and growing cultural scene.
Lifestyle: The area features galleries, boutique cafés, and bars with a bohemian feel — perfect for creatives and those seeking a more artistic, community-driven experience.
Real estate perspective: More affordable than Villa Morra or Carmelitas, with opportunities to renovate older properties or invest in emerging Airbnb markets. It’s a smart pick for those ahead of the trend.
What Expats Should Know About Living in Asunción
- Cost of Living: Lower than most Latin American capitals. Private healthcare, dining out, and housing are all very affordable.
- Safety: Generally safe, especially in upscale neighborhoods. Petty theft can occur in crowded downtown areas.
- Language: Spanish is essential, though some English is spoken in business circles and international communities.
- Connectivity: Good 4G/5G coverage, growing coworking scene, and increasing interest from digital nomads post-pandemic.
Investment Perspective
With rising foreign interest, Asunción’s real estate market remains undervalued compared to neighboring countries. Neighborhoods like Villa Morra and Carmelitas offer strong rental yields, especially for Airbnb or expat-friendly rentals. Expats with a $100,000–$200,000 budget can purchase premium properties in prime locations.
Conclusion
Asunción offers expats a rare blend of tranquility, opportunity, and affordability in a safe, friendly environment. Whether you’re moving for business, lifestyle, or retirement, the city’s top neighborhoods — from Villa Morra to Recoleta — provide options for every kind of expat.
With a rising international profile and ongoing infrastructure development, Asunción is poised to become one of South America’s top emerging expat hubs by 2026.
Related posts:
Why Investors from Dubai are Shifting Their Focus to Paraguay: The Next Big Opportunity?
Paraguay and Taiwan Deepen Strategic Partnership with a Focus on Innovation and Development
Paraguay and UAE Deepen Strategic Cooperation on Infrastructure, Energy, and Logistics Development
Buying vs. Renting in Paraguay: What Expats Need to Know
Leave a Reply