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!