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Peña announces 5% minimum wage increase, doubling inflation

President Santiago Peña announced a 5% increase in the Paraguayan minimum wage, doubling the accumulated inflation of 2.4% over the past 12 months, raising the floor from G. 2,899,048 to approximately G. 3,044,000, after the National Minimum Wage Council (Conasam) failed to reach a consensus between unions, which demanded between 20% and 22%, and the business sector, which advocated for an adjustment limited to inflation.

Paraguay's real estate market grows in 2026 with strong rental demand and Asunción concentrating 70% of searches

The Paraguayan real estate market kicked off 2026 with growth driven by a projected GDP of 4.2%, the achievement of investment-grade status by Standard & Poor's, and strong demand for rentals, which accounted for 53% of searches on the InfoCasas Paraguay portal, with Asunción concentrating 70% of that demand and two-bedroom apartments being the most sought after, while access to housing credit remains the main challenge for 38% of respondents.