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No Slowdown in Overseas Buyers

South Florida

Overseas buyers aren’t losing interest in South Florida, ONE Sotheby’s International Realty’s Jonathan Garcia tells us. If anything, they’re more interested as the US dollar depreciates against various other currencies (the Brazilian real, for instance, has grown stronger in the last six months; soccer has that effect). But it's also for less tangible reasons: For one, they want to be part of the Miami renaissance, Jonathan says. The overseas interest is also keeping prices buoyant. He recently repped ONE Bal Harbor in the sale of a unit in the property for $4.5M, making it the highest-price, three-bedroom ever to sell there.