Top Countries Searching Miami Real Estate
Colombia registered the most global web searches for South Florida real estate in January 2024, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished in the top-two among the top countries searching Miami real estate in each of the last 23 months.
“While other U.S. markets have experienced price declines, Miami real estate has seen consistent price appreciation for years,” 2024 MIAMI Chairman of the Board Gus Fonte said. “It’s our price appreciation, strategic gateway location, robust economy, strong rental market and the fact that Miami is a safe investment are all key reasons why South Florida is the number one destination for international home buyers.”
About 146 countries searched for MiamiRealtors.com in January 2024. Colombia accounted for 12.3% of all global searches on MiamiRealtors.com in January 2024.
Colombia purchased the most South Florida real estate among foreign countries in 2023, according to the 2023 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombian buyers purchased 15% of all international purchases in South Florida. Argentina (14%), Brazil (7%), Venezuela (6%) and Canada (6%) rounded out the top 5, respectively. Access the report: https://bit.ly/2023MIAMIGlobalStudy
Florida is the top U.S. destination for foreign buyers (23% of all sales), according to NAR’s 2023 Profile of International transactions in U.S. Residential Real Estate. Florida has been the No. 1 state for foreign home buyers for the last 15 years.
More than half of all international home sales (47%) in Florida are in Miami-Fort Lauderdale-West Palm Beach, according to the 2023 Florida Realtors’ annual Profile of International Residential Real Estate Activity in Florida
One in five of all U.S. international home sales happen in Florida and one in two in Florida are in the Miami metro market. South Florida secures about 11% of all global home sales in the entire U.S. annually.
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