With Brazil’s economy booming, visa applications for travel to the United States have skyrocketed. Many of Brazil’s new middle class are coming to the U.S. looking for deals on consumer goods and are joining those who have come before as investors in real estate. For many Latin Americans Miami is the natural first stop. After that New York follows, especially for Brazil’s high net worth individuals.
Compared to São Paulo, Rio and other world cities, Miami and New York are less expensive and expand a Brazilian or European’s investment portfolio outside of one’s home country. For many international clients Manhattan’s real estate market represents a desirable and stable long-term investment.
When buying New York real estate it’s important for an international buyer to be introduced to attorneys and tax advisors who can review the process in the clients’ native language if possible and for the professional to be culturally aware of each clients negotiating style and what matters most to the buyer. My international clients appreciate the fact that I grew up in Africa and Europe and speak many languages and can relate to their needs and culture. Contact me if you are looking to buy a New York Investment property.