More Colombians Are Buying South Florida Condos After Leftist Gustavo Petro’s Election

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.