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Why Do Brazilian Buyers Lead Interest in Miami Property?

Posted by Aaron R. Resnick | Jan 21, 2014 | 0 Comments

According to the South Florida Business Journal, Brazil was back on top in August among consumers surfing the Internet to get information on Miami real estate.

See article here: http://www.bizjournals.com/southflorida/news/2013/09/10/brazil-tops-foreign-countries-web.html

Following Brazil were Canada, Argentina, Colombia, and Venezuela. Rounding out the top 10 were Russia, Malaysia, France, Spain, and the United Kingdom, according to the MIAMI Association of Realtors.

Interestingly, the article states that In 2012, Colombia was top of the heap and Brazil was third behind Canada.

This also was surprising: “The top U.S. market for Miami is Los Angeles, followed by Atlanta, New York City and Dallas and Chicago. The rest of the cities consist of Charlotte; West Orange, NJ; Boston; Owosso, Mich.; and Phoenix.”

In 2012, New York City was No. 1, followed by San Antonio at No. 2, and Los Angeles at No. 3. I guess New Yorkers had a nice summer and are expecting a better winter this year.

In any event, Brazilians might be looking for a last chance to move money into the US before their currency collapses (further).

About the Author

Aaron R. Resnick
Aaron R. Resnick

Aaron Resnick, a graduate of Leadership Miami, is a leader in the Miami's legal and cultural arts...

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