Properties abroad are targeted by investors
The Grove Resort & Water Park was featured in Valor Economico newspaper, the leading financial and economical news outlet in Brazil.
The report covers the amazing boom of Brazilian investors during the pandemic, especially interested in Florida real estate, as well as investment properties in Dubai and Portugal.
Investors that already own properties in Brazil are interested in diversifying their portfolios and investing in a strong economy to obtain steady income in dollars and capital gains. According to Florida Realtors, in 2020 Brazil was number two in the ranking of foreign property buyers in Florida, acquiring US$ 1,4 billion in assets in that region.
The story also highlights why The Grove has been one of the leading developments in attracting the interest of foreign buyers. Being a luxury resort sold as a condotel, with apartments starting from the US$200’s, investors are able to finance up to 60% of the total cost with very attractive interest rates. The income from the rental units is used to offset property costs, which makes this real estate model very attractive to investors looking to secure a regular income.
Being in the “backyard” of the happiest place on earth, The Grove benefits immensely from being so close to Disney World. The resort occupancy rates have been recently nearing 100%, filled by a steady flow of US visitors. When the US border regulations that are in place because of COVID are relaxed, it will result in an increase in foreign visitors, which is expected to boost real estate sales even further.