Posted by: gianm on Jun 22, 2011
A recent Miami Association of Realtors report indicates that May condo sales were up 46% from the same time last year, and home sales were up 20%. A total of 1,420 condos were sold, up from 962 last May. Single family home sales increased up to 875. International buyers are still the driving force behind closed sales as 60% of transactions were completed by foreign nationals. Brazilians continue to be the hot topic in South Florida. The value of the Real is up, thus Brazilian purchasing power in South Florida makes for a great investment.
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