south florida foreign investors: Contrary to Popular Belief - Venezuelans Dominate South Florida Real Estate
- 05/02/11 08:20 AM
It's no secret that foreign investors are dominating the South Florida real estate market. Brazilians are getting the most attention, buying high-end condos in South Beach and downtown Miami, but new data shows that this is a false perception. According to the Miami Association of Realtors, Venezuelan buyers make up a greater share of the foreign real estate market than those in any other country. A survey of South Florida realtors in 2010 showed that 28% of their clients came from Venezuela. Why are Venezuelans choosing to buy in Miami? The Venezuelan currency has been devalued in the past year and … (0 comments)
It's no secret that foreign investors are dominating the South Florida real estate market. Brazilians are getting the most attention, buying high-end condos in South Beach and downtown Miami, but new data shows that this is a false perception. According to the Miami Association of Realtors, Venezuelan buyers make up a greater share of the foreign real estate market than those in any other country.
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