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

Perfect proportions, breath taking light and a great layout are just a few of the captivating features found throughout this comfortable two-story Mediterranean style, updated waterfront home.  The first floor consists of a formal living room and family room, dining room, a media room which can double as a bedroom suite, an open Island kitchen adjacent to a great room all overlook the waterfront.  The second floor consists of four bedroom-baths en-suites, including the Master Bedroom wing with its own sitting room, walk in closet, Master Bath and private terrace.

•   6 Bedrooms
•   6 and 1-1/2 Bathrooms
•   Living area 5,920 sq. ft.
•   Lot Dimensions 100  X 202
•   Lot Size 20,200 sq. ft.
•   Waterfront:  100 Feet
•   Built in 2008

http://sfluxuryguide.hessprintsolutions.com/MarApril2013/#/72/

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.