Danny's Blog

Brazil Makes an Investment Comeback

Wednesday, September 07, 2016
Tags:   Danny Hertzberg

Brazilians have returned in full force to South Florida, albeit as investors this time around. Because of economic and political instability, Brazilian buyers are snapping up investment properties as opposed to second homes.

For seventeen straight months, Brazilians sat at the top of the list of foreigners seeking South Florida real estate. They ended up falling out of the top five countries seeking properties in Miami earlier this year, per the Miami Association of Realtors. However, Brazil has managed to claw its way back into the top five, now sitting comfortably in the number three spot.

Miami has remained a top favorite among wealthy Brazilians looking for second homes, typically luxury condos. Because of conditions at home, many of them are turning to property management abroad. Rents have dropped by just over five percent during the past year in Brazil, while Miami rents have remained relatively stable since the beginning of the year.

If you are a Brazilian investor and are looking for lucrative property in Miami or neighboring cities, please contact me to help you find the right property. My areas of expertise include Miami Beach and its many unique communities, Miami, and many more neighborhoods.

This update is brought to you by Miami Beach Realtor Danny Hertzberg, specializing in Miami Beach waterfront homes as well as other Miami Beach listings throughout the barrier island. Contact Danny Hertzberg of The Jills, the number one team in the state of Florida by calling 305-505-1950 for information on properties throughout the barrier island.

 
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