Miami has long been the focal point for international buyers. Russians and South Americans have had their eye on Miami and their pocketbook in hand for a long time now… And with the favorable euro-dollar exchange rate, so have the Europeans… But it’s the Brazilians who have become the new onslought of investors in Miami Real Estate.
Whether cash buyers … or taking advantage of the low interest rates international investors can get here… Brazilians are finding real estate opportunities too good to pass up in Miami… and they have already turned the streets of Miami Beach, as well as Downtown Miami and Brickell into the sights and sounds of Rio…. Portuguese spoken almost anywhere you turn… Brazilians buying second and third homes here, investing for rental and resale purposes … and coming to stay.
Keep your ear peeled (as you’re strolling the beaches, window shopping or sipping cafe) and you’ll hear the melange of tongues. Foreign buyers and investors have made Miami an international mecca.
Forbes reports that “An estimated 300,000 Brazilians live in Florida, with Miami being their preferred destination either as a second or third home, or to live out their newfound American green card lives…” And Ken Rapoza says, tongue in cheek, “Want to meet a rich Brazilian? There’s no need to go to Urca or Barra in Rio … Save the international flight. Just go to Miami.”
Looking to buy in Miami? You are welcome to call or email for more information … anytime! The Restivo Team … Vicki & Alexandra … 305 793-1365 or restivo.v@ewm.com We look forward to hearing from you!
