The Real Deal Miami

Jorge Pérez on how a Trump presidency will affect foreign buyers: VIDEO

Developer said Trump understands the importance of foreign investment
November 16, 2016 05:15PM

In one of the country’s most divisive presidential elections, Related Group CEO and Chairman Jorge Pérez sided with Hillary Clinton. But that doesn’t mean he thinks a Donald Trump presidency will negatively impact Miami’s real estate market.

A self-proclaimed liberal democrat, Pérez said there are plenty of issues he believed in that prevented him from supporting his friend Trump as a candidate: global warming, social welfare, immigration, free trade and public health.

Even so, Pérez wrote to Trump after the president elect’s victory offering his help.

And as for Miami’s real estate market, Pérez main concern is that foreign buyers will feel less protected by changes in visas or immigration policies because of Trump’s campaign rhetoric. Ultimately, he said, Trump — as a businessman — will understand the importance of foreign investment in global cities like Miami and New York.

“His whole campaign has been about jobs and growth,” Pérez. “Disturbing that would be counter to what he’s proposed.” [CNBC]Sean Stewart-Muniz