There is no secret that Brazilians
are taking over Miami Downtown, Brickell and Miami Beach in general. The Strong interest from foreign buyers has
created a new building boom in Miami. And Brazilians have led the way. In 2011,
they were the top foreign buyers, though they were passed last year by
Argentineans, after the Brazilian economy began to cool. More than 20
residential condo projects are currently underway in South Florida – and
developers were certainly counting on Brazilians to buy their product.
Brazilians see Miami real estate as
a bargain. A concept probably foreign for most of us is that for the same price
of a Condo that you buy in Miami, you're going to have to pay three times more
to get in the best neighborhood in Sao Paulo or Rio. And you're going to get a
better quality here in Miami. That is why it makes perfect sense for most
Brazilians with the financial ability to buy here.
The fact that Miami has become such
well recognized International destination and the epicenter of the socio economic
activity of the Americas has made Brazilians feel more at ease to invest their money
here. Many of the new projects in Miami like
the SLS and Echo Brickell are practically already sold out and Brazilians for
sure have made their due contribution. They are in good company since thousands
of people from all over the world are also investing in South Florida real
estate.
Brazilians feel at home in Miami
because of the weather, the beaches, the lifestyle and especially the
camaraderie and chemistry they can experience in Miami with their own people.
The great number of Brazilians here is acting as a powerful magnet that
attracts and calls families and friends to come and join the party. An example is Trump Hollywood. Here, a few
families from Belo Horizonte bought and they were well-recognized. And all of a
sudden we had eight or 10 families that bought in the same building.
Brazil is the second largest source
of international visitors. Canada is still tops. But in Miami-Dade County,
Brazilians have dethroned Canadians as the top international visitors. Mauro
Vieira, Brazil’s ambassador to the United States said recently that new figures
show that of the 1.8 million Brazilians who traveled abroad in 2012, 75 percent
came to Florida. And once they come they decide Miami is where they want to
make their residence. *Some notes taken from Miami Herald & NPR News.
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