2 minute read
France: Miami, Los Angeles, New York, Miami Beach, San Francisco
By Lynda Fernandez, Senior VP of Public Relations & International, Miami Association of REALTORS®
Advertisement
Sep 15, 2015 MIAMI — NColombia leads all foreign countries searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor group. Colombia overtook Brazil as the top country using MIAMI’s search portal, Miamire. com, in July 2015. Brazil had led all international consumers using Miamire.com for 13 consecutive months.
Colombia’s rise to first place marks the first time the South American country has topped the Miamire.com monthly web searches since May 2014. Colombia had finished second to Brazil the last six months. The newly-released statistics also detail increased interest in South Florida properties from countries such as Venezuela and France.
“Colombian home buyers have a long history of purchasing South Florida real estate, so the fact Colombia has overtaken Brazil for the most web property searches is not a surprise,” said Christopher Zoller, a 27-year Miami-based Realtor and the 2015 Residential President of MIAMI. “Colombians are so comfortable here in Miami. Our tremendous diversity, world-class shopping, and global business center not only attract Colombian buyers, but all consumers – international and domestic.”
Colombia: A Top Market for South Florida Real Estate
Colombian home buyers purchase the fourth-most South Florida real estate among all foreign countries, according to the 2014 Survey of International Home Purchases conducted by the National Association of REALTORS® (NAR) for the MIAMI Association of REALTORS® (MIAMI). The South American nation of 48 million residents registered 8 percent of all foreign South Florida deals last year. Venezuelan, Argentinian, and Brazilian buyers comprised South Florida’s top-three foreign markets.
Colombians moving to South Florida are often upper-middle-class families who want to enjoy their prosperity earned in their homeland as professionals and entrepreneurs. Colombians spend the third-highest purchase price on South Florida properties among all foreigners, spending $420,000 on average. The average sale price for all buyers in Florida is $245,000.
Interest from Venezuelan, French Consumers Grows
Venezuelan and French consumers increased their online interest in South Florida real estate in July 2015. Brazil finished second while Venezuela and France finished third and fourth, respectively. Venezuela hadn’t finished this high in the monthly searches since it took third place in March 2015. France, meanwhile, had never finished in the top-four in web searches on Miamire. com. France had the ninth-most web searches for South Florida property in June 2015.
1) Colombia, 2) Brazil, 3) Venezuela, 4) France, 5) Argentina, 6) Canada, 7) India, 8) Peru, 9) Spain, 10) Italy.
1) Brazil, 2) Argentina, 3) Venezuela, 4) Canada, 5) Colombia, 6) India, 7) France, 8) Germany, 9) Mexico, 10) Italy
