Brazil Leads Global Consumers Searching for South Florida Real Estate; Miami Market is No. 1 on Realtor.com

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Brazil continues to top all foreign countries searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI), America’s largest local Realtor group.

Mark Sadek, 2016 Chairman of the Board, MIAMI Association of REALTORS

Despite the strength of the U.S. dollar, Brazilians continue searching for and investing in South Florida properties

Brazil continues to top all foreign countries searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI), America’s largest local Realtor group. The South American nation of 200 million residents finished as the top international country using MIAMI’s search portal, http://www.Miamire.com, in November 2015.

Brazil has now ranked as the top foreign nation using http://www.Miamire.com in 17 of the last 18 months. The last time Brazil didn’t rank first was July 2015 when Colombia took top honors. The newly-released MIAMI statistics also showcase increased interest from the Philippines and Mexico.

“Despite the strength of the U.S. dollar, Brazilians continue searching for and investing in South Florida properties,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Miami real estate offers security of investment for many international buyers who face economic uncertainty at home. A gateway to the world with the nation’s highest concentration of foreign-born residents, Miami is also a major center for high-impact commercial development.”

Brazil: A Top Market for South Florida Real Estate
Brazilian home buyers purchased the third-most Miami real estate among foreign countries, according to the 2015 Profile of International Home Buyers in Florida conducted by the National Association of REALTORS® (NAR). Brazil registered 12 percent of all foreign Miami transactions in the 12 months ending in June 2015. Only Venezuelan (21 percent) and Argentinian (13 percent) buyers purchased more.

Brazilians primarily select South Florida when purchasing real estate in the Sunshine State, according to the 2015 survey. Of all Brazilians buying properties in Florida, 62 percent bought in South Florida (44 percent in Miami-Miami Beach and 18 percent in Fort Lauderdale).

Brazilians moving to South Florida are often upper-middle-class families who want to enjoy their prosperity earned in their homeland as professionals and entrepreneurs. Brazilians spend the fourth-most on Florida property among foreign buyers. Brazilians spent an average mean price of $587,700 on Florida real estate in 2015.

Interest from Philippines, Mexico Grows
Philippine and Mexican buyers increased their online interest in South Florida real estate in November 2015. The Philippines’ eighth-place finish among Miamire.com foreign visitors was the country’s highest since it also ranked eighth in May 2015, Sept. 2014 and April 2014. Mexico, meanwhile, appeared in the top-10 countries for the first time since it finished eighth in March 2015. Other top 10 markets were Colombia, Russia, India, Canada and United Kingdom.

The top-10 countries visiting Miamire.com in November 2015:
1.    Brazil                
2.    Venezuela                
3.    Argentina
4.    Colombia                
5.    Russia                        
6.    India                
7.    Canada
8.    Philippines            
9.    Mexico        
10. United Kingdom

The top-10 countries visiting Miamire.com in November 2014:
1.    Brazil                
2.    Venezuela                
3.    Argentina
4.    Colombia                    
5. Canada                        
6. France            
7.    India
8.    Italy            
9.    Spain
10. Ecuador

Top U.S. Markets for Miami
Miami is also a top choice for American real estate consumers. California again leads the list of the top-10 U.S. states searching Miamire.com in November:

2015: 1) California, 2) Texas, 3) Georgia, 4) New York, 5) Virginia, 6) Illinois, 7) Michigan, 8) Tennessee, 9) South Carolina, 10) Ohio

2014: 1) California, 2) Texas, 3) Illinois, 4) Georgia, 5) New York, 6) Tennessee, 7) Michigan, 8) North Carolina, 9) Ohio, 10) Massachusetts

South Florida: The No. 1 Market in the U. S. for International Consumers
The Miami-Fort Lauderdale-West Palm Beach market ranked as the top market in the world for international consumers searching for U.S. real estate in November 2015, according to Realtor.com.

The top-10 markets for overall international real estate demand:
1.    Miami-Fort Lauderdale-West Palm Beach, FL
2.    Los Angeles-Long Beach-Anaheim, CA
3.    Orlando-Kissimmee-Sanford, FL
4.    Bellingham, WA
5.    Urban Honolulu, HI
6.    New York-Newark-Jersey City, NY-NJ-PA
7.    Naples-Immokalee-Marco Island, FL
8.    Tampa-St. Petersburg-Clearwater, FL
9.    Kahului-Wailuku-Lahaina, HI
10.    Cape Coral-Fort Myers, FL

South Florida ranked as a top-five market for consumers in 10 of 13 regions around the world in November 2015, according to Realtor.com:

● Australia and New Zealand: 1. Los Angeles-Long Beach-Anaheim, CA, 2. New York-Newark-Jersey City, NY-NJ-PA, 3. Dallas-Fort Worth-Arlington, TX, 4. Houston-The Woodlands-Sugar Land, TX, 5. Miami-Fort Lauderdale-West Palm Beach, FL
● Caribbean: 1. Miami-Fort Lauderdale-West Palm Beach, FL, 2. Orlando-Kissimmee-Sanford, FL, 3. New York-Newark-Jersey City, NY-NJ-PA, 4. Atlanta-Sandy Springs-Roswell, GA, 5. Los Angeles-Long Beach-Anaheim, CA
● Central America: 1. Miami-Fort Lauderdale-West Palm Beach, FL, 2. Orlando-Kissimmee-Sanford, FL, 3. Tampa-St. Petersburg-Clearwater, FL, 4. Houston-The Woodlands-Sugar Land, TX, 5. New York-Newark-Jersey City, NY-NJ-PA
● Central Asia: 1. Dallas-Fort Worth-Arlington, TX, 2. Austin-Round Rock, TX, 3. New Orleans-Metairie, LA, 4. Los Angeles-Long Beach-Anaheim, CA, 5. New York-Newark-Jersey City, NY-NJ-PA
● Eastern Africa: 1. Atlanta-Sandy Springs-Roswell, GA, 2. Los Angeles-Long Beach-Anaheim, CA, 3. Washington-Arlington-Alexandria, DC-VA-MD-WV, 4. Dallas-Fort Worth-Arlington, TX, 5. New York-Newark-Jersey City, NY-NJ-PA
● Eastern Asia: 1. Los Angeles-Long Beach-Anaheim, CA, 2. New York-Newark-Jersey City, NY-NJ-PA, 3. Washington-Arlington-Alexandria, DC-VA-MD-WV, 4. Dallas-Fort Worth-Arlington, TX, 5. San Francisco-Oakland-Hayward, CA
● Eastern Europe: 1. Los Angeles-Long Beach-Anaheim, CA, 2. Miami-Fort Lauderdale-West Palm Beach, FL, 3. New York-Newark-Jersey City, NY-NJ-PA, 4. Chicago-Naperville-Elgin, IL-IN-WI, 5. Orlando-Kissimmee-Sanford, FL
● Middle Africa: 1. Houston-The Woodlands-Sugar Land, TX, 2. Miami-Fort Lauderdale-West Palm Beach, FL, 3. Washington-Arlington-Alexandria, DC-VA-MD-WV, 4. Fayetteville-Springdale-Rogers, AR-MO, 5. New York-Newark-Jersey City, NY-NJ-PA
● North America: 1. New York-Newark-Jersey City, NY-NJ-PA, 2. Chicago-Naperville-Elgin, IL-IN-WI, 3. Dallas-Fort Worth-Arlington, TX, 4. Miami-Fort Lauderdale-West Palm Beach, FL, 5. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
● Northern Africa: 1. Los Angeles-Long Beach-Anaheim, CA, 2. Miami-Fort Lauderdale-West Palm Beach, FL, 3. Washington-Arlington-Alexandria, DC-VA-MD-WV, 4. San Francisco-Oakland-Hayward, CA, 5. Orlando-Kissimmee-Sanford, FL
● Northern Europe: 1. Los Angeles-Long Beach-Anaheim, CA, 2. Orlando-Kissimmee-Sanford, FL, 3. New York-Newark-Jersey City, NY-NJ-PA, 4. Miami-Fort Lauderdale-West Palm Beach, FL, 5. Tampa-St. Petersburg-Clearwater, FL
● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL, 2. Orlando-Kissimmee-Sanford, FL, 3. Los Angeles-Long Beach-Anaheim, CA, 4. New York-Newark-Jersey City, NY-NJ-PA, 5. Boston-Cambridge-Newton, MA-NH
● Western Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL, 2. Los Angeles-Long Beach-Anaheim, CA, 3. New York-Newark-Jersey City, NY-NJ-PA, 4. Tampa-St. Petersburg-Clearwater, FL, 5. Cape Coral-Fort Myers, FL

About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 96 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents more than 41,000 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 official partnerships with 136 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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