Posted by: realtormarkpalace | October 21, 2011

Florida Realtors build business in Brazil

SAO PAULO – Oct. 20, 2011 – A delegation from Florida Realtors® will visit Brazil to discuss real estate investment opportunities for Brazilians living or vacationing in Florida, part of Gov. Rick Scott’s seven-day Team Florida Business Expo & Trade Mission.

“Brazilians love owning a home in Florida for a variety of reasons,” says Patricia Fitzgerald, president of Florida Realtors and a key member of the trade delegation. “Everything from home prices to shopping and even traveling to Florida is very affordable for Brazilians today. Brazilians see the entire state, from Key West to the Panhandle, as not just the place to be but the place to buy.”

Brazilians made up 8 percent of Florida foreign homebuyers in 2010-2011, a number that increased from 3 percent a few years ago. As Brazil continues to prosper and people look for places to invest, the percentage of Brazilians calling Florida their first or second home is expected to keep increasing, says John Sebree, Florida Realtors vice president of public policy.

“Many companies in Brazil cite the state’s favorable business climate, and its commitment to cut taxes and grow jobs as strong incentives,” says Sebree.

In announcing the trade mission, his third so far, Scott says Brazil was a logical choice. “Brazil is Florida’s number-one trading partner, with exports from Florida to Brazil surpassing $13.7 billion in 2010,” Scott says. “Furthermore, the Brazilian economy is expected to be one of the fastest growing in the world over the coming decade.”

Florida Realtors delegates will meet with Brazil’s leading real estate investment managers. In addition, U.S. Ambassador to Brazil, Thomas A. Shannon, Jr., is expected to be part of the mission and conference.

“Brazil is the world’s seventh-largest economy, and the most dynamic and prosperous economy in Latin America,” says Carlos Fuentes, chair of Florida Realtors global business committee. “Florida is well positioned to capitalize on Brazil’s market opportunities.”

While the trade mission emphasizes leisure travel to Florida, Scott says he hopes to attract companies willing to do business in the state. In Sao Paulo, the governor wants to play matchmaker, linking Brazil and Florida companies that can help each other grow.

Details on the Enterprise Florida trade mission can be found on the Enterprise Florida website.

© 2011 Florida Realtors®

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