Tuesday, June 21, 2011

From Fake Money...

Brazil has come a long way from the fake money days, to now... They are holding up the Florida condo market!


Surging real estate prices in Brazil and the currency’s 45 percent gain against the U.S. dollar since 2008 are sending Brazilians to South Florida in search of bargain vacation homes and property investments. That’s helping bolster Miami’s condo market, with total sales increasing 79 percent in the first five months of 2011 from a year earlier, according to data from the Florida Association of Realtors released today.

(h/t to BargainValueHunter)

No comments: