In recent years, Colombian investors have been increasingly interested in Florida real estate. Why? Let's take a closer look.
Value of the Colombian peso and political situation
The Colombian peso has dropped significantly against the U.S. dollar. The Colombian peso is a currency that has historically been losing its value against the US dollar since 1931 when the government abandoned the old gold standard. This economic phenomenon is pushing Colombian families to invest outside. However, the Colombian government is placing restrictions on how much money its citizens can take out of the country and citizens are hurrying up before it gets even more strict.
Florida's Strong Economy & Favorable Investor Ambiance for Latin Investors
Another reason why Colombians are interested in Florida real estate is because of the state's strong economy and how easy it is for them to do business in a state with so many Spanish speaking citizens. The state's unemployment rate is lower than the national average, and its population is growing. This population growth is fueled by in-migration from other parts of the United States and by international migrants, including Colombians. In fact, Florida is one of the top destinations for Colombian migrants.
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