Florida strengthens Brazilian ties

Motivated by a residential market largely buoyed by an influx of
Brazilian homebuyers, Florida Realtors led a trade delegation to Brazil
last week to discuss real estate investment in Florida. “Brazilians love
owning a home in Florida for a variety of reasons,” said Patricia
Fitzgerald, president of Florida Realtors and a member of the
delegation. “Brazilians see the entire state, from Key West to the
Panhandle, as not just the place to be but the place to buy.” According
to the organization’s 2011 Profile of International Homebuyers in
Florida report, Brazilian buyers had an 8 percent share of the foreign
buyer market last year. Related CEO Jorge Perez told The Real Deal last
week that Brazilians, along with Latin American buyers in general, had
“saved” Miami’s market. [World
Property Channel]