Brazilians Are Leading Foreign Real Estate Investments in Miami

About 58 percent of all international residential transactions in South Florida were made in all-cash. In comparison, about 47 percent of U.S. buyers paid cash.

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil is the number one foreign country purchasing real estate in Miami, according to a report by the MIAMI Association of Realtors Commercial and the National Association of Realtors (NAR).

According to the report, Brazilians were responsible for 12 percent of all foreign purchases in South Florida last year, followed by Colombians and Venezuelans (11 percent each), Argentinians and Canadians (8 percent each), and Mexican, French, and Italian . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?