About Centro
The Center of Asunción, also known as the microcentro, is the administrative, commercial, and historic heart of the Paraguayan capital. It is structured around the streets Palma, Estrella, and Chile, with the country's Kilometer Zero at the intersection of Palma and Chile, opposite the Panteón Nacional de los Héroes. Calle Palma, 12 blocks long, has been the main commercial artery of the city since the 19th century and is currently undergoing revitalization with initiatives such as the Feria Palmear. The microcentro concentrates ministerial headquarters, the Cabildo, banks, traditional hotels, commercial galleries, and the highest density of architectural heritage in Paraguay. Activity is intense during the day and drops noticeably at night. The real estate offer is dominated by office buildings, street-level shops, and apartments in older towers at accessible prices. For the international investor, the Center offers low entry values, high appreciation potential linked to urban recovery plans, and an ideal profile for commercial, hotel, or tourist rental uses.
- Historic and cultural center
- High connectivity
- Mixed residential-commercial use
- Architectural heritage
Neighborhood map
Average price per m² (12 months)
Businesses & services in Centro
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Showroom and e-commerce for electronics and IT.
Mall Excelsior
The first shopping center in the country, in the downtown area.
Hotel Guaraní Asunción
Iconic brutalist tower opened in 1961, Hotel Guaraní stands over Plaza de la Democracia and is one of the most photographed buildings in Paraguay. A historic landmark of Asunción's hospitality with a rooftop pool and panoramic views.
Crowne Plaza Asunción by IHG
Crowne Plaza Asunción by IHG is the reference luxury hotel in the city's historic microcentro. With 70 rooms, a restaurant, spa, and event halls, it is the top choice for high-level meetings and diplomatic stays.
Lido Bar
Founded in 1959, Lido Bar is a culinary institution of Asunción and one of the most beloved spots among Paraguayans. Famous for its sopa paraguaya, chipá, and chipá guazú, it is a must-stop on Calle Palma in the city center.
Bolsi
A landmark confectionery and restaurant in Asunción's city center, Bolsi is renowned for its artisan pastries, cakes, and traditional criollo lunches. A classic of the historic district with over three decades of history.
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