Oscar Hidalgo for NY Times
Earlier this week I was reading a New York Times article detailing the growth of Argentine investment in South Florida real estate. In the last few months they have surpassed Brazilian investors as they face 25% inflation and weakening currency. Many are buying properties sight unseen. According to the article, The Opera building on Brickell is a favorite, just minutes from Coconut Grove, Miami Beach and the airport.
As I read the article, I reflected on my recent international buyers and noted none had been from Argentina. But not a few hours later, I received a call from a Realtor expressing interest in my newly reduced Coral Gables home, 5910 Maggiore Street for Argentine clients who were interested in buying it – sight unseen – for investment. Then, literally a few hours later, another colleague called and ask that I prepare investment worthy property recommendations for him to take to multiple clients in Argentina next week.
Maybe I put it out to the universe…or maybe everyone’s reading the same article.
If you are considering buying or selling in Coconut Grove or Coral Gables, please feel free to contact me and benefit from the Strength of My Experience.
305.710.1010 | csmith@veryspecialhomes.com | facebook.com/CaroleSmithRealtor
Affiliated with EWM REALTY International | Christies International of Coral Gables
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