Posted by Leonard Steinberg on June 25th, 2013 The chatter of bad economic news coming from Brazil and China recently leads to the question: will Chinese and Brazilian buyers who have helped fuel a notable uptick in activity and pricing in the Manhattan luxury market disappear and how will that affect our real estate market? I… [Read More]
THE BUCKS FROM BRAZIL
Posted by Leonard Steinberg on Friday, April 13th, 2012 Brazil is revising its currency laws to allow more money to flow out of the country. The strength of the Brazillian economy which is the only energy self-sufficient country also has one of the fastest-growing middle classes on the planet. A strong and stable currency, coupled with a… [Read More]