The Real Estate Mango

WHO’S BUYING REAL ESTATE IN AVENTURA ?

Brazil

BRAZILIAN BUYERS are buying real estate here but nearly half of all Brazilian homebuyers in Florida spend less than 200k.  There are a significant number of buyers from Rio de Janeiro and Sao Paulo that are actually in Miami looking for bargains.  The Brazilian economy is stronger than ever. They are the second largest foreign buyers in Florida.  The first largest buyers are the Canadians.

Canadians represent  the largest foreign buyer demographic in Florida.  They, too, have a strong currency.  Now they expanded their reach across South Florida especially attracted to projects like Canyon Ranch. They used to concentrate their buying solely in Broward County especially Hollywood and Hollywood Beach but now take in Miami, too.

All this is good.  It gives us a needed shot in the arm!

This entry was posted on Thursday, September 22nd, 2011 at 7:59 am and is filed under Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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