Bazil has been in the news lately, and not for the same reason the country has been in the news for the last two years. Instead of bad press, Brazil is finally getting some positive exposure. The Summer Olympics were a success much to the surprise of the naysayers that said Rio was too dirty and too crime-filled to host such a major international event. The fact that Rio was short of money was another reason for the early hype about the Olympics. But Brazil proved their critics wrong once again. Brazil has a habit of pulling itself out of self-inflicted gnarly situations.
In Fact, Venezuelan investors are back in the South Florida real estate market once again. Venezuelans are buying investment properties in Florida instead of second homes, according to Miami investment advisor Danilo Diaz Granados. Venezuelans were the top foreign investors in the South Florida real estate market for 17 months before they stopped buying at the beginning of 2016. Venezuela investors now hold the number three spot on the list of wealthy foreign investors.
Danilo Diaz Granados is a financial advisor for Fireman Capital Partners in Miami. Granados was born in Venezuela, so he is tuned into the local investment mentality. Most of Granados’ clients are wealthy Latino investors and even though Brazilians don’t consider themselves Latinos , they have similar investment tastes, according to Danilo Diaz Granados. Granados holds an economic degree from Babson College in Boston, and he is an avid film producer and director. Granados started his own Film company, Edge of Glory Films, to highlight Latino life in the United States.
The reason for the renewed interest in real estate investments in Miami is Brazil rents have dropped by more than five percent in 2016, and the rents in Miami are stable, according to Danilo Diaz Granados. The real estate market in Miami is strong, and Granados thinks more Latino investors will help increase the market values throughout South Florida. You can follow Danilo on social media through Instagram, as well as his official Twitter profile.