The Real Deal Miami

From Russia — and elsewhere — with less love

Economic conditions worldwide are shifting how foreign capital flows into South Florida
Florida-Russian-Buyerss

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From the South Florida Market Report: As the U.S. dollar continues to gain strength in a growing economy, the buying power of the primary foreign investors helping to fuel South Florida’s current boom cycle is sputtering.

Currency devaluations along with other destabilizing economic and political factors in Latin America, Europe and Russia are making it harder for buyers from those regions to convert their funds to flight capital. [more]