Brazilians have overtaken Canadians as the top overseas visitors and property buyers in Miami as the city shrugs off the after-effects of the 2008 real estate crash, América Economía reported.
“There is a love affair between Brazilians and Miami, which has helped the economy in both places,” Rolando Aedo, executive vice-president of the Greater Miami Office of Tourism and Conventions, told the online magazine. Brazilians’ stamp on South Florida’s economy has been “incredible,” Aedo said.
Brazilians outnumbered Canadians as Miami’s main international tourists and buyers last year. Around 690,000 Brazilians visited the Magic City, an 8.8 percent gain from 2011, and spent an estimated $1.5 billion.
Favorable currency exchange rates and Brazil’s economic growth – despite a recent slow-down – have helped a larger demographic of Brazilians visit Miami than could a decade ago, consul general of Brazil in Miami, Helio Vitor Ramos Filho, told the magazine. Exempting Brazil from U.S. visa requirements would flood Miami with even more Portuguese-speaking South Americans, the Brazilian consul said.
“If Brazil were included in the visa-waiver program, there would probably be an explosion of Brazilian tourists in the United States. The visa requirement is still an obstacle for many potential tourists from Brazil, since in Brazil obtaining a visa means additional costs related to having to travel domestically just to get the visa, which can increase the overall cost of a trip substantially,” Ramos Filho said. [América Economía] –Emily Schmall
By: The Real Deal – South Florida Real Estate News
Archive for the ‘Miami Beach Condos’ Category
Esther’s fabulous Flamingo Drive listing makes the pages of the exquisite Florida Design’s Miami Home & Decor Magazine. Enjoy the photos and article of the painstaking task of bringing this modern Igor Polevitzky masterpiece back to its original splendor. We are so fortunate to have such wonderful architecture here on Miami Beach. If you or anyone you know are interested in this property, please give us a call.
Just in case you missed these are the fine properties featured on the Miami Herald Neighbors section last Sunday August 26th, 2012. For additional information on these properties or any Real Estate related info, please do not hesitate to contact me.
Oceanfront corner Loft Condominium exquisitely updated being sold in turn-key condition. This Oversized combined unit is comprised of a 1 bedroom apartment plus additional space consisting of approximately 970 sq. ft. A south facing built out terrace runs the length of the apartment and overlooks the Beach, Ocean Beach Park, Biscayne Bay and the Downtown Miami Skyline. Windows surreound this loft apartment providing great light and sunrise to sunset views.
The quality finishes and streamlined design of this apartment include: polished concrete floors, stainless steel top of the line kitchen and appliances, built-ins, light and sound controlled AV system.
Located South of Fifh in a very desirable oceanfront building.
South Beach exclusive is 5th most expensive condo re-sale in Miami-Dade history
Miami Beach, FL (April 14, 2011) – EWM’s Esther Percal and Pablo Alfaro completed the $11.5 million sale of Apogee’s Penthouse A, the highest price paid for a condominium in Miami-Dade in almost a year. An undisclosed European concern closed on its purchase from seller, Moonlight LLC, on April 14th.
Since tracking these types of sales, it is the 5th highest price paid for a condo in Miami-Dade through the Multiple Listing Service (MLS).
Constructed in 2008, the 22-story, 67-residence Apogee has earned acclaim as one of South Florida’s most exclusive addresses. Located at 800 South Pointe Drive, alongside Government Cut on Miami Beach’s South Point, it features 360° panoramic views of the Atlantic Ocean, Miami’s skylines, and the Port of Miami. There are only three Penthouse units at Apogee, all with myriad of amenities. This latest sale includes an 11,000 square foot outside terrace and rooftop pool offering awe-inspiring views of South Florida’s most spectacular landscape and architecture.
“Esther and Pablo are well-known members of the exclusive multi-million dollar property sales club in South Florida”, said Ron Shuffield, President of EWM. “There have been only four other condominiums ever sold through our Miami-Dade MLS at prices greater than this one, and the first in almost a year. The sale is not only a testament to the property, which is stunning, but to Esther and Pablo’s capabilities and understanding of ultra high-end buyers and sellers.”
“We have been seeing a great deal of activity in the high-end market, particularly from individuals who own multiple residences across the globe,” adds Esther Percal. “In the big scheme of global residential real estate, Miami-Dade’s South Beach properties are still a relative bargain, even at the almost $1,700 per square foot price realized by this sale. Comparable properties in other areas of the world might cost three, four, maybe five times as much.”
“No doubt that this segment of the market has been very active of late,” says Pablo Alfaro. “The interesting thing has been the broad range of individuals we have been working with. They are coming from the U.S., Latin America, Asia, and of course, Europe, such as this particular buyer. They recognize and appreciate that there is tremendous value in this market.”