France Solidifies Position as a Top Market for Miami Real Estate

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In June, France moved into the top spot for consumers searching Miami properties on Miamire.com, according to the 29,000-member MIAMI Association of Realtors (MIAMI). June statistics for MIAMI’s property search also reveals Miami is increasingly of interest to foreign consumers from a diverse group of nations around the world.

Natascha Tello, 2013 Chairman of the Board, MIAMI Association of Realtors

Our outreach in France is definitely a success story for the Miami Association of Realtors and for our real estate market.

In June, France moved into the top spot for consumers searching Miami properties on Miamire.com, according to the 29,000-member MIAMI Association of Realtors (MIAMI). June statistics for MIAMI’s property search also reveals Miami is increasingly of interest to foreign consumers from a diverse group of nations around the world.

France topped the list of countries—second only to the U.S.—that conducted searches on the MIAMI website (http://www.miamire.com) in June. This is the second time this year that French consumers top the list of foreigners searching Miami properties. In April, the boost of interest was credited to MIAMI’s participation at the Salon National de l’Immobilier in Paris that same month.

MIAMI has been exhibiting at the Paris expo every year since 2005, when they also signed an agreement with FNAIM – Paris –Ile de France, the real estate association in Paris. As a result, MIAMI exhibits at the FNAIM Village at the expo and is hosted by the Paris association to present two standing-room-only seminars for the public and professionals. Subsequently, MIAMI expanded its presence in France by also partnering with FNAIM National and its regional affiliates in Haute-Garonne, and the French Riviera. MIAMI shares listings in France through its landmark International Data Exchange through Proxio, which further promotes MIAMI members and the South Florida market.

As a result of MIAMI’s outreach in France, French buyers consistently rank in the top seven countries of origin investing in Miami real estate, higher than any other European country, according to the 2012 Miami International Market Report.

“Our outreach in France is definitely a success story for the Miami Association of Realtors and for the Miami real estate market,” MIAMI Chairman of the Board Natascha Tello said. “It’s an example of how relationships and exposure in foreign countries can result in market strengthening, fueling member profitability and economic expansion. With more than 100 worldwide partners, the MIAMI continues to promote Miami and the local real estate market around the world.”

The other top countries searching South Florida properties on Miamire.com (Miami Association of Realtors Property Search) changed slightly in June with Brazil and Argentina dropping in the rankings while interest from Venezuela and Colombia increased compared to the previous year:

June 2013    
1. France         
2. Canada    
3. Venezuela
4. Colombia    
5. Brazil        
6. Argentina
7. Germany    
8. India        
9. United Kingdom        
10. Belgium    

June 2012
1. Brazil
2. Canada
3. Argentina
4. Venezuela
5. Colombia
6. India
7. France
8. Mexico
9. Italy
10. United Kingdom

This is the first time that Belgium appears in the top ten countries searching Miamire.com.

“It is very impressive to see Miami’s global prominence as we increasingly attract more consumers from a more diverse group of nations,” said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. “Foreign buyers and investors have fueled the strengthening of the Miami market unlike any other city in the U.S. We continue to identify markets to target and strategies to further boost international sales for the Miami market.”

Top U.S. Markets for Miami
Miami is also a top choice for consumers in many U.S. markets. The top Ten U.S. States and top cities in that state for consumers searching Miamire.com in June 2013 were:

June 2013                                    
1. California – San Francisco    
2. New York – New York City    
3. Texas – Dallas                    
4. Georgia – Atlanta                    
5. Illinois – Chicago                    
6. North Carolina – Durham            
7. Virginia – Alexandria            
8. New Jersey – Montvale            
9. Massachusetts – Boston    
10. Tennessee – Nashville    

June 2012
1. New York
2. California
3. Georgia
4. Pennsylvania
5. Texas
6. North Carolina
7. Illinois
8. Virginia

Miami Top Market for U.S. and Foreign Consumers
Nationally, Miami is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S. Miami again ranked second only to Los Angeles among the top ten overall most searched U.S. cities by non-U.S. consumers throughout the month of June 2013 on Realtor.com® & Realtor.com® International.

1. Los Angeles, CA
2. Miami, FL
3. Las Vegas, NV
4. Orlando, FL
5. Washington, DC
6. Detroit, MI
7. Houston, TX
8. New York, NY
9. Atlanta, GA
10. San Diego, CA

In June 2013, foreign consumers searching U.S. properties from Brazil, France, Italy, Spain and Switzerland made Miami their top choice of U.S. real estate markets, according to online engagement statistics from Realtor.com®. Miami was a second top choice for buyers from Netherlands, Germany, and Russia. The top countries (outside the U.S.) where global consumers were most engaged on Realtor.com® & Realtor.com® International were:

  • *Canada: Las Vegas, Los Angeles, Miami, Detroit, Orlando
  • *U.K.: Los Angeles, Orlando, Washington DC, Atlanta, Miami
  • Australia: Los Angeles, New York, Las Vegas, Detroit, Houston
  • *Ireland: Washington DC, Los Angeles, Orlando, Miami, Las Vegas
  • Japan: San Diego, Jacksonville, Los Angeles, Honolulu, San Antonio
  • *Germany: Los Angeles, Miami, San Antonio, Las Vegas, Colorado Springs,
  • *Brazil: Miami, Orlando, Los Angeles, Boca Raton, Fort Lauderdale
  • India: Los Angeles, Washington DC, Dallas, New York, Las Vegas
  • *Mexico: San Diego, San Antonio, Houston, Laredo, Miami
  • *France: Miami, Los Angeles, Washington DC, New York, Houston
  • *Italy: Miami, Washington DC, Los Angeles, New York, San Diego
  • *Netherlands: Los Angeles, Miami, Houston, New York, Las Vegas
  • China: Los Angeles, San Francisco, Las Vegas, New York, San Diego
  • Philippines: Las Vegas, Los Angeles, Houston, San Diego, San Francisco
  • *Spain: Miami, Los Angeles, Washington DC, New York, San Diego
  • South Korea: Los Angeles, Irvine, Las Vegas, Colorado Springs, San Diego
  • *Russian Federation: Los Angeles, Miami, New York, Orlando, San Francisco
  • *Switzerland: Miami, Los Angeles, Washington DC, Raleigh, New York
  • New Zealand: Los Angeles, Washington DC, New York, Las Vegas, Seattle
  • *Poland: Detroit, Los Angeles, Chicago, Miami, New York

*Country with Miami or Fort Lauderdale as top searches.

Based on the 2012 Miami International Market Report, Miami attracts a significant number of buyers from countries not reflected in property search rankings above, including Venezuela, Argentina, and Colombia.

About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 29,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com

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