South Americans Surge Florida Real Estate Market

Recent studies have shown that Florida’s real estate market is continuing its upward path in part by attracting South American international investors. The Brazilian real holds a 45 percent gain against the U.S. dollar and is continuing to drive South and Central Florida’s real estate markets to new heights. Recent oil discoveries off the coast of Brazil have spiked real estate prices in those South American regions which are nearest to this discovery. Both of these forces are driving investors and buyers to Florida beach cities like Miami and greater Tampa Bay.


While Miami may be the most culturally diverse city in Florida, Tampa bay is not far behind. The Hispanic population in Tampa Bay is the second largest ethnic group and the South American presence in the Tampa Bay area is very obvious. The abundance of waterfront and beach properties that Tampa Bay offers attracts those international investors and buyers; mainly because it’s what they are accustomed to in South America, but also those who are looking for homes, condos, town homes, and properties at better prices. Tampa Bay also stands out to the South American crowd, not only due to sub-tropical climates, but also offers reduced prices on consumer goods that are more expensive in countries like Brazil for example. The Tampa Bay real estate market and lifestyle also stands out to international investors and buyers due to an abundance of malls and shopping centers. Internationals can purchase designer goods and products at cheaper prices than they may be accustomed to. The owner of Algebra Realty in Miami, Jose Augusto Pereira Nunes, sums it up best by saying, “the tide and winds are in their (South Americans) favor, the exchange rate being the tide and prices here being the winds.”

If you or anyone you know is interested in learning more about the Tampa real estate market please contact SI Real Estate at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com.

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Tampa Real Estate Optimism Demonstrated as Buyers Forge Forward

You Cannot Hold a Good Buyer Down!

They say that the strong forge forward, this adage is true in real estate as well. A recent article published by Realty Times explains that despite date on the job market and adjusted home values over the past several years, real estate home buyers are still pushing forward in pursuit of the dream of homeownership. Real estate ownership is a desire goal and many are striving to move forward to achieve their real estate goals.

A study of over 3000 adults over the age of 20, results in more than 59% of renters and 99% of existing homeowners feel that homeownership is important. Of those surveyed, a large majority also felt that homeownership is an economic cornerstone. Additionally, real estate makes a huge impact on the overall economic vitality of a region or city. It certainly has in Tampa.

The most important result of this study is that as many as two million people are waiting to purchase a home when the time is right. Of those surveyed 62% of existing homeowners and 59% of renters believe right now, today is a “good or very good time to buy”.

SI Real Estate observes the trends of our Tampa Bay's real estate market on a daily basis. We have our finger on the real estate pulse in our city. What we are seeing here in Tampa is that properties are moving, and are moving at a much more rapid pace that main stream media reports. For years, we have been in a buyers’ market. Now this trend is shifting. As these findings reflect, homeownership and real estate are desirable by so very many of the population. With low interest rates on mortgages, lower home prices, and incredible incentives, buyers are stepping up to take advantage of these benefits while they last.

If you or anyone you know is interested in talking to an experienced real estate professional about how to reach your real estate goals, call SI Real Estate at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com. We are happy to help and are always available.

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