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Brazilians Buy Miami Condos as Real Gains

June 21 (Bloomberg) -- Surging real estate prices in Brazil and the real's 45 percent gain against the U.S. dollar since 2008 are sending Brazilians to South Florida in search of bargain vacation homes and property investments. That’s helping bolster Miami’s condo market, with total sales increasing 92 percent in the first four months of 2011 from a year earlier, according to data from the Florida Association of Realtors. Gigi Stone reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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