“Whenever there is political turmoil in South America, that usually means that they want to get their money out and they usually look to South Florida to put their money,” said Nick Perez, senior vice president of Related Group in Miami.
July 26, 2022 at 05:08 PM
3 minute read
Florida Bureau Chief
Developers in South Florida are seeing an increase in buyer demand and inquiries from Colombia following the election of Gustavo Petro, a former guerilla fighter and the country’s first leftist president.
Although Colombians have always been avid condo buyers, Miami-based real estate development company Related Group is seeing an uptick in contracts, according to its senior vice president Nick Perez. He said the buyers prefer condominiums that allow short-term rentals.
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