Brazilians Buy Miami Condos at Bargain Prices After 45% Surge in Currency

"Surging real estate prices in Brazil and the currency's 45 percent gain against the U.S. dollar since 2008 are sending Brazilians to South Florida in search of bargain vacation homes and property investments. That's helping bolster Miami's condo market, with total sales increasing 92 percent in the first four months of 2011 from a year earlier, according to data from the Florida Association of Realtors."