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Brazilian investors, seeking an alternative to their country’s risky real estate market, are returning to Florida to invest in property and establish a source of income in dollars.
A second home in Miami has been a popular option for decades for Brazil’s wealthy, but new options are also becoming available in Miami Real Estate to help investors hedge currency risk and take advantage of better conditions than they encounter at home. Back in Brazil, the economic crisis and rising unemployment have sent rents down 5.2 percent in the past year, and it’s difficult and time-consuming to remove tenants who can’t cover their leases.
