Why Has Brazilian Investment In Florida Residential Real Estate Dropped 53% Since 2018?

In Episode 126, expert Peter Zalewski of Condo Vultures® interviews Luis Liscio Guimaraes - Director of Acquisitions For CVR Realty™ in Greater Downtown Miami - about a recent industry report that shows a significant drop off in Brazilian investment in Florida residential real estate from $3 billion in 2018 to $1.6 billion in 2019 to finally $1.4 billion in the pandemic year of 2020. Guimaraes explains the reasons for the drop and provides an outlook on Brazilian real estate investment in South Florida going forward in the pandemic era. In Segment 1, Guimaraes discusses growing up in Sao Paulo, Brazil, living in Milan, Italy, and working in South Florida real estate for nearly 30 years. In Segment 2, Guimaraes talks about the characteristics and preferences of foreign investors in Florida real estate. Guimaraes drills down to compare and contrast Brazilian investors with other foreign buyers playing in the South Florida market. The conversation also explores how the currency fluctuations of the Brazilian real and the U.S. dollar are impacting investment trends. In Segment 3, Guimaraes discusses the outlook for Brazilian investors in South Florida real estate in the post-pandemic era. To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty™.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.