The Real Deal Miami

Can Brazilians save South Florida?

April 05, 2011 11:02AM

The history of Brazilian investment in South Florida dates back to the
1990s, when Brazilians invested overseas in order to avoid high interest
rates and taxes back home. Now, these investors are a significant
contributor to Miami’s improving real estate market, due largely to a
thriving Brazilian economy. Brazilian buyers have been particularly
active in downtown Miami
at condo towers like Icon. [Forbes]