Venezuelans validating Florida

Confidence low in their own economy -- investing in South Florida

Rich Venezuelans are investing in South Florida real estate in ever increasing numbers. Many are concerned about the policies and direction of the populist government of President Hugo Chavez.

Miami real estate organizations are traveling to Venezuela and holding seminars about investing in South Florida. They offer a turnkey package including mortgages origination, financial planning and even real estate attorney services.

As crazy as our real estate market now feels it is comforting to me to think that much of the rest of the world views an investment in US property a safe bet.

Nervous Venezuelans seek safety in S. Florida real estate [Sun-Sentinel]

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