Property in Rio de Janeiro, Brazil, is beginning to look very attractive for foreign investors as prices continue their swift decline, fuelled by a sharp devaluation of the Brazilian Real.
Brazilians Busy Snapping up Bargain Miami Condos
June 22, 2011 by
The high price of real estate in Brazil, combined with the strength of the Brazilian real against the US dollar, has sent wealthy Brazilians flocking to Florida in search of bargains. The real has gained 45% against the US dollar since 2008, making property irresistibly cheap, especially as São Paulo, Brasilia and Rio de Janeiro [...]
