Developers in South Florida are seeing an increase in buyer demand and inquiries from Colombia following the election of Gustavo Petro, a former guerilla fighter and the country’s first leftist president.

Although Colombians have always been avid condo buyers, Miami-based real estate development company Related Group is seeing an uptick in contracts, according to its senior vice president Nick Perez. He said the buyers prefer condominiums that allow short-term rentals. 

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]