July Marks an Excellent Season for Miami Real Estate As Brazilians Take Their Winter Break
July marks the beginning of an excellent season for the Miami real estate market as a serious amount of activity is expected now that Brazilians are now on winter break. It definitely proves to be a busy time for professional agents, especially those specialize in dealing with foreign clients.
With so many Brazilians showing an interest in Miami’s extensive range of real estate options, it helps to look into understanding the logic behind such a trend which is why we are going to look into the reason behind the trend as well as which options are now looking to be part of that trend.
Why Do Brazilians Choose Miami Real Estate?
Out of all the possible locations within the United States, it seems that Brazilians are more inclined to consider Miami because of the simple fact that it is located close to their own country. Along with such an ideal location comes the ideal weather which also resembles that of home.
Another significant factor would be the region’s cultural diversity which makes it so easy for them to blend in and feel right at home despite being in the United States. It definitely helps to know that a good percentage of people within the region are fluent in Portuguese which happens to be the official language of Brazil.
Also, the weak US dollar seems to be a great advantage to Brazilians who now have the ability to acquire better value from the South Florida real estate market at the same cost — a significant factor which also brings Brazilian property buyers to consider going through the range of options that are now being presented on the luxury sector of the property market since they have better purchasing power now than ever before.
Furthermore, the fact that property values are still quite low means that real estate in Miami remains to be relatively more affordable than any of the options that they are likely to be able to acquire within areas in Brazil such as Rio de Janeiro.
Which Options Are Most Attractive To Them?
It seems that recent activity from Brazilians have been aimed mostly at several high-rise condo options within the region such as the ones found within the neighborhood of South Beach, the South of Fifth neighborhood, the city of Sunny Isles Beach, and even Bal Harbour village since these offer the most outstanding oceanfront condos in the entire region today.
Nevertheless, there are many other luxurious real estate options found on the Miami real estate market which are sure to appeal to the many Brazilians who are looking to acquire the best condos and homes within the region.