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July 6, 2017
Wealthy Brazilians are once again purchasing real estate in Miami after a 2-year hiatus. Thanks to a stabilized Brazilian economy, interest in Miami real esate has increased this summer. Brazilians are looking to take advantage of the current economical climate and protect their money by buying international real estate.
Miami has long attracted Latin American buyers. It is bilingual, culturally diverse and boasts fabulous entertainment options. Prior to 2015, affluent Brazilians were a powerful force in the Miami luxury real estate market, and it has generally proven to be a solid investment for them. As things begin to normalize in the Brazilian economy, Brazilian buyers are increasingly jumping back in with renewed interest.
While Miami has historically been viewed as a second or third home for wealthy Brazilians, many are now looking to make the vibrant city their permanent home due to personal safety concerns and ongoing political turmoil back in Brazil.
“More and more Brazilians are looking to the United States and specifically Florida, not just for a second home, but for a full relocation,” Douglas Elliman Florida CEO Jay Parker Parker stated.
Other Brazilians are looking to make rental income from their real estate investments. Whatever the reason, the renewed interest in Miami is good news for the high-end real estate market.
For the most comprehensive information on the luxury real estate market in Miami, contact award-winning broker Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
Source: Mansion Global
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