International moving services and sales of real estate have grown since restrictions and devaluation of the real.
The sanitary crisis caused by COVID-19 and the devaluation of the real are making many Brazilians who live in the United States return to Brazil. With the rise of the dollar, which rose nearly 30% between 2019 and 2020, it became very expensive to live in the regions preferred by Brazilians, such as the state of Florida.
Brazilians who had planned to spend long periods of time in the United States, but whose revenue is mainly in reals, have been hard hit by the devaluation of the Brazilian currency. With the changes in the exchange rates, they are having to give up their dream, since they can no longer afford it.
Before the pandemic, Brazilians were among those who most looked for real estate to buy -they held second place in the Florida Realtors (an associaton of real estate companies) list. Now things have changed. Still according to the association, there was a sharp fall in the participation of Brazilians in the local real estate Market: from US$ 3 billion in 2018 to US$ 1.4 billion in 2020.
Now, many have opted to sell their real estate. Seasonal rentals have fallen drastically due to the restrictions mandated by the pandemic. The result was an interest in making the most of the rise in the dollar and profiting from the sale. The rise in the cost of living is another important factor that makes Brazilians choose to get rid of property on American soil.
The solution they found was to return to Brazil. With the money from the sale of real estate in the United States, Brazilians have used international moves companies such as FINK MobilityMobility, and have invested their capital in both countries. But, for a fixed residence, Brazil has become the most accessible option at this moment.
