MIAMI Chairman of the Board Fernando Arencibia Jr.
International homebuyers are finally seeing restrictions lifted and they’re back to searching and buying Miami real estate: the No. 1 destination in the U.S. for foreign buyers
MIAMI (PRWEB) May 13, 2022
Colombian consumers posted the most global web searches for Miami homes in March 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). A diversified list of foreign countries are searching MiamiRealtors.com as South Florida continues to see surging demand from global buyers as pandemic-related protocols relax and unstable political situations develop around the world.
“International homebuyers are finally seeing restrictions lifted and they’re back to searching and buying Miami real estate: the No. 1 destination in the U.S. for foreign buyers,” MIAMI Chairman of the Board Fernando Arencibia Jr. said. “Global buyers purchase in Miami because Miami is a world-class global city with better real estate prices than other similar global cities. It is more than just a safe investment. Foreign buyers feel at home with our incredible diversity and acceptance of all cultures, along with all our amenities.”
Top-10 Countries Searching MiamiRealtors.com in March 2022:
1. Colombia
2. China
3. Argentina
4. Canada
5. Venezuela
6. Philippines
7. Mexico
8. Brazil
9. India
10. United Kingdom
Colombia: A Top Market for South Florida Real Estate
Colombia purchased the second-most South Florida real estate among foreign countries in 2021, according to the 2021 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia buyers purchased 12% of all international purchases in South Florida. Argentina (13%) finished first. Venezuela (10%) finished third. Access the report: MiamiRealtors.com/Global
Top-10 International Cities Searching MiamiRealtors.com in March 2022
1. Bogotá, Colombia
2. Buenos Aires, Argentina
3. Buenos Aires Province
4. Antioquia, Colombia
5. Ontario, Canada
6. Quebec, Canada
7. State of Sao Paulo, Brazil
8. Capital District, Venezuela
9. Valle del Cauca, Colombia
10. Mexico City, Mexico
New York Tops States Looking for Miami Homes
New York registered the most domestic Miami real estate web searches in March 2022. New York also finished as the No. 1 out-of-state buyer in the South Florida area in 2021, according to the 2021 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Access the report: MiamiRealtors.com/Global
Top-10 U.S. States Searching MiamiRealtors.com in March 2022
1. New York
2. Virginia
3. Texas
4. Washington
5. Tennessee
6. Georgia
7. California
8. North Carolina
9. Iowa
10. Pennsylvania
Top-10 U.S. Metros Searching MiamiRealtors.com in March 2022
1. Washington, D.C.
2. New York, NY
3. Nashville, TN
4. Atlanta, GA
5. Dallas-Ft- Worth, TX
6. San Antonio, TX
7. Des Moines-Ames, IA
8. Spokane, WA
9. Los Angeles, CA
10. Chicago, IL
About the MIAMI Association of Realtors
The MIAMI Association of Realtors (MIAMI) was chartered by the National Association of Realtors in 1920 and is celebrating 102 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations: MIAMI RESIDENTIAL, MIAMI COMMERCIAL; BROWARD-MIAMI, a division of MIAMI Realtors; JTHS-MIAMI, a division of MIAMI Realtors in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the award-winning MIAMI Global Council. MIAMI REALTORS represents over 60,000 total 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 226 international organizations worldwide. MIAMI REALTORS has just launched its new YPN Global and will host the first-ever YPN Global Congress in March 2023 in Dubai. MIAMI has just been selected to host the prestigious FIABCI World Congress in June 2023. MIAMI’s official website is http://www.MiamiRealtors.com
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