Taxes and costs of owning an apartment in Paraguay
Beyond the price, buying and keeping an apartment comes with costs worth knowing from the start. An overview of the main ones.
When you buy
VAT. The sale of real estate is subject to VAT at the reduced rate of 5 %. When you buy from a developer, that tax is already included in the price of the unit.
Deed. The transfer is formalized before a notary and registered in the Public Registry. Ask for a quote of fees and registration costs before signing: they vary with the value of the property and the notary.
Every year: property tax
It is 1 % of the property’s fiscal value, not its market price. The fiscal value is set by the National Cadastre Service and the tax is collected by the municipality where the property is located. For 2026, fiscal values were adjusted by 4.1 %. Since the fiscal value is usually far below the real price, the annual amount is low compared with other countries in the region.
Every month: building fees
These are the building’s common expenses: cleaning, security, maintenance of elevators, pool and shared areas. They depend on the amenities and the number of units. A well-managed building keeps fees low and the apartment’s value high.
ZUBA manages its buildings after delivery, to ensure low-cost maintenance.
If you rent it out
Rental income from housing has its own tax treatment (VAT at the reduced rate for housing and, depending on your income, personal income tax). Check with your accountant before signing the first lease.
General information. Rates and values are updated: confirm them with an accountant or a notary.
Sources (in Spanish)
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