Argentines Surpass Brazilians in Miami Condo Market

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Downtown Miami condos are being purchased in increasing numbers by Argentines, according to a recent New York Times article titled “Argentines Turn Cash Into Condos in Miami.”

A weakening currency in Argentina is reportedly behind an increasing number of Miami apartment purchases, which are being made on a site-unseen basis by wealthy Argentines who are anxious to safeguard their cash.

Brazilians were previously the largest South American group purchasing Miami condos, according to the article. Opera Tower, located at 1750 North Bayshore Drive, is one of the popular locations for Argentine purchasers.

Click here to read the full article, “Argentines Turn Cash Into Condos in Miami.”

Miami Condominium and Real Estate Attorney

Contact South Florida condominium attorney Marcy Resnik to discuss your need for legal services with a condominium purchase, sale, or business dispute. You can contact Ms. Resnik online or call her at 954-321-0176.