International Buyers Information

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Miami and Miami Beach have been undergoing a dramatic transformation throughout the past decade. From a city only known for its beaches and beautiful people, Miami and Miami Beach have evolved into a cosmopolitan metropolis that attract many people like a magnet. Citizens of other countries now represent an important segment of Miami Beach luxury property buying market. Miami has become a truly international city, with people moving here from Europe, Latin America, and all over the US, while preserving its Latin twist.

The weak dollar has given international home buyers an edge over the past few months. The drop in real estate prices has benefited all home buyers in Miami – but international buyers have had the added perk of holding currencies that have strongly appreciated versus the USD since March 2009. For holders of Euros, real home prices have decreased by as much as 20% since March 2009, while for holders of Brazilian Reais real prices have decreased by 30%, solely due to appreciation of their currencies. That drop in price is compounded by the drop in asking prices of homes for sale in USD – assets in Miami have not been this depreciated in a long time - making this the perfect opportunity to purchase a luxury condo in Miami.

The SoFi Group has a wealth of experience in working the Miami Beach real estate market with international buyers form both Europe and Latin America. We will be glad to assist you through the entire home buying process. Here are some services our past clients have found very helpful:

Recommend a lawyer in our network to discuss options for ownership structures (direct ownership, ownership through a Florida corporation etc)

Recommend a lawyer who can provide tax and estate advice

Work with a contractor to get your unit ready for move-in according to your specifications

Manage your property (maintenance payment, bill payment, cleaning)

Assistance with property rental during the times you are not using it

Whether you are looking to move to Miami, or purchase a second (or third or fourth) home, or diversify your investment portfolio, please let us know how we can be of assistance to you in the Miami Beach real estate market.

Take a look at the chart below to see the value of one million USD in Brazilian reais since the beginning of 2009.