MIAMI, Fla. /Florida Newswire/ — Biscayne Bay, an international broker headquartered in Sao Paulo, Brazil, announced its intention to expand its real estate activity to include Palm Beach County, starting today. According to a recent study by the Brazilian-American Chamber of Commerce, Brazilians were responsible for approximately 15 percent of all real estate transactions in South Florida over 2011 and 2012.
After a very successful period marketing distressed investment properties in Dade and Broward counties, the company will begin marketing Palm Beach County based properties to its strong base of Brazilian Investors.
"Brazilians are very familiar with the region and, given the economic backdrop, the opportunities in Palm Beach County are, in many aspects, just as good as those that are available today in Dade and Broward counties, where activity has been intense since the housing bubble burst," said Rogerio Bastos, Founder and Managing Director of Biscayne Bay.
"While the properties in the Palm Beaches are very similar to those in Miami from a visual perspective, the region has a very different resident profile compared to the other two counties. And we expect that to translate into a high potential for capital appreciation / property valuation over a ten year investment horizon, which is the expected holding period for our clients. It also allows the clients to diversify in terms of economic risk."
According to Mr. Bastos: "The strength of the Brazilian Real and the strong drop in local interest rates from 12 percent to 7.5 percent over the last two years, is pushing many Brazilian high net worth individuals into diversifying their portfolios internationally.
"And Biscayne Bay, through its extensive database of properties and strong network of affiliates, helps clients avoid many of the pitfalls and to find the ideal properties given their objectives and investment horizons."
For more information, please visit: http://www.biscaynebay.com.br/ .
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