Brazilians seek Florida property bargains
Perfect storm of economic events makes US especially attractive to foreign home buyers.
Published On 10 Aug 2011
Overseas home buyers are finding opportunity in a depressed housing market in Miami, Florida.
Many properties have been left vacant for years, and now a number of Brazilian investors are taking advantage of rock-bottom prices.
Economic circumstances have made the US especially attractive to international home buyers, as the dollar is relatively weak against many foreign currencies.
Al Jazeera’s Barbara Benitez reports from Miami.
Source: Al Jazeera