The Real Deal Miami

Brazil-American CoC president pushes for increased business between Brazil and SF

June 20, 2012 03:45PM

Claudio Cury, the newly-elected president of the more-than-300-member Brazil-American Chamber of Commerce of Florida, is seeking to increase trade and investment between Brazil and South Florida, largely in response to the recent boom of Brazilians buying real estate in South Florida, Miami Today reported. Brazilians made up 15 percent of all real estate acquisitions in Miami in 2011, according to a Miami Realtors Association survey, and brought the price of condos up nearly 50 percent from the 2009 bottom that same year. Brazil is second only to Venezuela among foreign buyers in Miami. “Miami is a major destination for a lot of Brazilians who come for vacation and for business. A lot of them end up moving here” Cury said. Cury will be hosting several galas this year aimed at building stronger ties between the two communities. [Miami Today]