Miami, FL (PRWEB)August 02, 2011
The Miami Association of Realtors will present its popular “Doing Business with Brazil,” part of an international event series offering insights into key world markets that are impacting South Florida real estate, on August 3rd at the Signature Grand Hotel, 6900 W. State Road 84, Davie, Florida 33317, from 9:00 AM until 12 noon.
A panel of experts with strong ties to the Brazilian market will discuss Brazil’s thriving economy, global prominence, and ranking as South Florida’s most important trading partner and will address the impact of these factors on South Florida’s local real estate market and economy.
The panel will consist of Manny Mencia of Enterprise Florida, Fernando Harb of the Fort Lauderdale Convention and Visitors Bureau, real estate agent Fabian Pimenta of Fortune International Realty, Raul Vidal of Espirito Santo Bank, and international real estate attorney Nelson Slosbergas. Peter Zalewski of Condo Vultures will service as moderator.
Program topics include:
- Trade and investment opportunities between Florida and Brazil
- Update on tourism, retail and business growth from Brazilians
- Real estate market trends
- Targeting Brazilian buyers and investors
- Financing opportunities
Last year, Brazil ranked third behind Venezuela and Canada for real estate purchases in South Florida. Based on recent activity, Brazil’s local market share is expected to be even greater this year. Brazilian interest in South Florida real estate and investment is being fueled by the strength of its currency, local market opportunities and record affordability, and cultural affinity.
Brazil’s currency, the Real, is at its strongest level in the last 13 years, with the exception of 2008 and has been one of the most resilient currencies during the recent global recession.
According to Enterprise Florida, the U.S. remains the top source of imports into Brazil – followed by China, Germany, and Japan – despite China recently overtaking the U.S. to become Brazil’s biggest overall trading partner. Brazil is South Florida’s and Florida’s most important trading partner. Total Brazilian trade with Miami was $13.39 billion in 2010.
Brazilians are the second largest group of visitors to South Florida, following Canadians, according to the Fort Lauderdale Convention and Visitors Bureau. An estimated 800,000 Brazilians visited Miami-Dade and Broward counties in 2010. Sixty (60) percent of Brazilian visitors are business professionals and entrepreneurs. Last year visitors from Brazil, who had the highest per capital expenditure than any other nation, spent $1.3 billion in Florida, up 78 percent from the previous year.
About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 24,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.