Brazil's econony creates cash flow for South FL Real Estate Market

Posted on Friday, July 5th, 2013 at 8:14am.

Brazil's economy continues to create uncertainty for investors.  The stock market has tumbled 23% this year, and inflation is a huge concern.  Citizens who wish to move money out of the country are paying a 16% penalty.  This money is flowing into South FL, and our growing and appreciating real estate market.  Brazilians accounted for the largest number of International sales in 2011 and 2012.  Brazilians paid cash for their real estate investment more than 78% of the time.  One half of these sales are used as second, or vacation homes. 

In 2013, French buyers may end up as the number one International purchaser of Miami Real Estate.  This year my Miami International buyers have come from Brazil, Columbia, France, Sweden, and the Bahamas.

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