Mexico, Brazil and Colombia top foreign buyers in South Florida, but US demand still rules

Developer Edgardo Defortuna and brokerage head Craig Studnicky said the foreign buyers they work with have not been deterred by the Trump administration’s crackdown on immigration.  “They already have their visa, their status or they already own property here, and they’re trying to [purchase] something better, bigger,” Defortuna, CEO of Miami-based Fortune International Group, said at The Real Deal’s Miami Real Estate Forum on Thursday.  But he said the shutdown has stalled anyone needing clearance from the consulate. Foreign buyers are still very active in South Florida, both panelists said. Mexicans and Brazilians are leading in higher-priced purchases, while Colombians […]This article originally appeared on The Real Deal. Click here to read the full story.