Colombia Tops Countries Looking for Miami Homes

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Colombian consumers posted the most web searches among foreign countries for Miami homes in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida finished as the most-searched U.S. market by international consumers and is a top-five market for consumers in the world’s six largest regions, according to December data.

George C. Jalil, 2018 MIAMI Chairman of the Board

“South Florida is a top location for Latin American homebuyers, but it’s also a top destination for countries all over the world,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board.

Colombian consumers posted the most web searches among foreign countries for Miami homes in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida finished as the most-searched U.S. market by international consumers and is a top-five market for consumers in the world’s six largest regions, according to December data.

Colombia registered 10.5 percent of all international searches on MIAMI’s portal, http://www.MiamiRealtors.com, in December 2017.

“South Florida is a top location for Latin American homebuyers, but it’s also a top destination for countries all over the world,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board. “India, Canada, Spain and the Philippines rank among the top-10 countries searching for Miami real estate.”

Top-10 countries Visiting MiamiRealtors.com in December 2017:
Country                Share of International Searches
1.    Colombia                     10.5%
2.    Venezuela                8.1%
3.    Argentina                7.1%
4.    Canada                 7.0%
5.    Brazil                         5.4%
6.    Peru                            3.9%
7.    India                3.8%
8.    Spain                3.4%
9.    Philippines                3.3%
10. Dominican Republic            2.9%

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Canada in making the third-most international purchases in South Florida, according to the 2017 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 9 percent share of all international purchases in South Florida. Argentina (15 percent) and Venezuela (11 percent) had the most and second-most purchases, respectively.

MIAMI again promoted its members, South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, last year in Bogotá, Colombia. MIAMI made a South Florida market presentation at the 12th annual expo, which attracted 30,000 visitors and 200 exhibitors.

Top-10 International Cities Visiting MiamiRealtors.com in December 2017
1.    Bogotá, Colombia
2.    Antioquia, Colombia
3.    Capital District, Venezuela
4.    Buenos Aires, Argentina
5.    Buenos Aires Provence
6.    Ontario, Canada
7.    Quebec, Canada
8.    Sao Paolo, Brazil
9.    Rio de Janeiro, Brazil
10.    Carabobo, Venezuela

California Tops States Looking for Miami Homes
California registered the most domestic Miami real estate web searches in December. Three California cities (Los Angeles, Simi Valley and San Francisco) rank among the top-10 U.S. cities searching for Miami homes.

Top-10 U.S. States Visiting MiamiRealtors.com in December 2017
1.    California
2.    New York
3.    North Carolina
4.    Georgia
5.    Texas
6.    Virginia
7.    Illinois
8.    New Jersey
9.    Colorado
10.    Tennessee

Top-10 U.S. Cities Visiting MiamiRealtors.com in December 2017
1.    New York
2.    Charlotte
3.    Atlanta
4.    Los Angeles
5.    Ashburn, VA
6.    Chicago
7.    Dallas
8.    Simi Valley, CA
9.    Houston
10.    San Francisco

South Florida is Most Searched U.S. Market by International Home Buyers
Miami-Fort Lauderdale-West Palm Beach is the most searched U.S. market by international consumers, according to Realtor.com December 2017 data. South Florida has consistently ranked among the top-two U.S. markets for global real estate demand.

Top-10 U.S. Markets for International Real Estate Demand: December 2017
1.    Miami-Fort Lauderdale-West Palm Beach
2.    Los Angeles-Long Beach-Anaheim, CA
3.    New York-Newark-Jersey City, NY-NJ-PA
4.    Bellingham, WA
5.    Orlando-Kissimmee-Sanford, FL
6.    Kahului-Wailuku-Lahaina, HI
7.    Urban Honolulu, HI
8.    Phoenix-Mesa-Scottsdale, AZ
9.    Tampa-St. Petersburg-Clearwater, FL
10.    Houston-The Woodlands-Sugar Land, TX

Top-10 countries Driving International Demand in South Florida: December 2017
1.    Canada
2.    Brazil
3.    United Kingdom
4.    Argentina
5.    Spain
6.    Colombia
7.    Germany
8.    France
9.    Mexico
10.    Italy

South Florida ranked as a top-five market for consumers in the world’s six largest regions in December 2017. South Florida finished as South America’s most-searched U.S. market, collecting 22.14 percent of all page views in the region.

● North America: 1. New York-Newark-Jersey City, NY-NJ-PA (3.9% of all page views in the region); 2. Chicago-Naperville-Elgin, IL-IN-WI (2.68%); 3. Dallas-Fort Worth-Arlington, TX (2.67%); 4. Miami-Fort Lauderdale-West Palm Beach, FL (2.6%); 5. Los Angeles (1.95%)
● Northern Europe: 1. New York (11.21%); 2, Los Angeles (8.82%), 3. Miami-Fort Lauderdale-West Palm Beach, FL (5.01%), 4. Orlando (4.98%), 5. Lakeland, FL (2.36%)
● Western Europe: 1. New York (7.74%); 2. Los Angeles (7.13%), 3. Miami-Fort Lauderdale-West Palm Beach, FL (5.26%); 4. Washington, D.C. (2.34%) 5. Dallas (2.22%)
● Australia and New Zealand: 1. New York-Newark-Jersey City, NY-NJ-PA (16.27%); 2. Los Angeles (14.87%); 3. Miami (2.34%); 4. Chicago (2.01%); 5. Dallas (1.96%)
● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL (22.14%); 2. Orlando-Kissimmee-Sanford, FL (10.95%); 3. New York (10.23%); 4. Los Angeles (6.07%); 5. Tampa, FL (1.73%)
● Western Asia: 1. New York-Newark-Jersey City, NY-NJ-PA (6.55%); 2. Los Angeles (5.62%); 3. Miami-Fort Lauderdale-West Palm Beach, FL (5.56%); 4. Houston (3.91%); 5. Dallas (2.96%

About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 98 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-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents 47,000 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 167 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com

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