Each month, the Miami Association of Realtors looks at who has been searching www.Miamire.com. Their data from April showed that Colombians were the top international searchers. Colombian real estate buyers have now held that top spot for five months in a row. According to realtor.com, Miami is also the top U.S. market for all international consumers.
“South Florida is known around the world for embracing all cultures,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Foreign-born residents love Miami. Their passion is visible in our monthly property searches and in Realtor.com global searches, which continue to show South Florida as the most-searched U.S. market by international consumers.”
The full list of countries with the top searches on www.Miamire.com is here:
1. Colombia
2. Venezuela
3. Argentina
4. Israel
5. Brazil
6. India
7. Canada
8. Philippines
9. Spain
10. Peru
As far as that top spot goes, the Association says most Colombian real estate buyers in Miami are upper-middle class. In 2015, they paid an average of $516,000 per real estate deal. This tied with Argentina and was only behind Brazilian’s average price paid, which was $766,000. According to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Area, Colombia and Argentina tied for for buying the third-most Miami real estate among foreign buyers. Colombia accounted for 10 percent of all South Florida transactions, according to the same survey.
Whether you are an international buyer or from the United States, Miami is clearly an amazing city to live in. There are plenty of great reasons (weather, business, and more) that draw in many international buyers. They bring diversity and even more culture to the city, enhancing life for everyone in Miami.
Check out the beautiful properties in all different neighborhoods of Miami to see all the city has to offer. Contact one of our agents today with any questions!