Brazil’s Economy, Miami’s Real Estate Saviour is Losing Steam

J

john simpson

New Member
Latest statistics show that Brazil’s economy has slowed considerably in recent months.
Government figures show a .2% growth in the first quarter of 2012 as opposed to 1.4% in The last quarter of 2011.
This fall is mainly due to the decline of cattle and farming industries caused by the cut in demand as a result of the weakening global economy.
The real has gone down from 1.58 to 1.98 against the dollar, which is a 21% decline.
This figures will certainly have an impact on the Miami Real Estate industry since Brazilians have been a major factor in our surprisingly fast real estate recovery. They are credited with the purchase in bulk of most Miami Beach condos, Downtown Miami condos, Brickell condos as well as Bal Harbour and Sunny Isles condominiums.

By John Simpson
www.buymiamibeachrealty.com
 
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