Asuncion was founded by Spanish conquistadors in 1537 on the Feast of the Assumption, from which the city takes its name, making it one of the oldest continuously inhabited cities in South America, established even before Buenos Aires had grown into a permanent, stable settlement, Asuncion in fact served as the founding base from which several other regional Spanish colonial cities, including a re-established Buenos Aires, were later organised and supplied.

That early importance faded considerably over subsequent centuries, Paraguay’s landlocked position and, later, the devastating Paraguayan War of the 1860s, which killed a significant proportion of the country’s population and ceded substantial territory to neighbouring Brazil and Argentina, left the country and its capital considerably diminished relative to the regional influence Asuncion once held during the earliest colonial period.

A City That Preserves an Unusually Bilingual Culture

Paraguay remains one of the few countries in the Americas where an Indigenous language, Guarani, holds official status alongside Spanish and is genuinely widely spoken across all social classes, rather than surviving only in isolated Indigenous communities, a linguistic reality that shapes daily life and identity in Asuncion distinctly from most other South American capitals. That bilingual culture reflects Paraguay’s particular colonial history, Jesuit missions in the region historically worked more directly with, rather than simply displacing, Guarani communities compared to Spanish colonial patterns elsewhere.

The Palacio de los Lopez, Asuncion’s presidential palace overlooking the Paraguay River, was built in the mid-19th century under Paraguay’s ambitious, ultimately catastrophic pre-war modernisation program, a grand building whose construction reflected national aspirations that the Paraguayan War would soon devastate almost entirely.

Painting a River Capital’s Quiet Persistence

Asuncion’s riverside architecture along the Paraguay River gives a watercolourist warm colonial colour and quiet historical depth to work with. We’ve captured that character in our own Asuncion Watercolor Print, painted first by hand and printed to order on archival paper, a small piece of Paraguay for a wall at home.

Founded before many of its now-larger regional neighbours and diminished by a war that reshaped the entire continent’s map, Asuncion remains one of South America’s oldest capitals still quietly carrying that early significance.