Best Foreign Country Search for Miami Homes for Third Consecutive Month; Texas is the best state


MIAMI Chairman of the Board Fernando Arencibia Jr.

“Government changes abroad, such as this month’s presidential election in Colombia, have often led to more investment in Miami, Latin America’s capital, as global buyers move in to put their money in a safe place where it will appreciate”

Colombia posted the highest number of global web searches for Miami homes in May 2022, according to a new report from the MIAMI Association of REALTORS® (MIAMI). Colombia has now topped the list of foreign countries looking for Miami real estate for three straight months, as South Florida continues to see growing global demand from buyers with relaxing pandemic-related protocols and unstable political situations developing in the world.

“Government changes abroad, such as this month’s presidential election in Colombia, have often led to more investment in Miami, Latin America’s capital, as global buyers move in to put their money in a safe place where it will appreciate,” the MIAMI president said. of board Fernando Arencibia Jr. said. “Real estate in Miami has seen more than 10 consecutive years of price appreciation.”

Colombia accounted for 12.34% of all international searches on MiamiRealtors.com in May 2022, an increase from the country’s search total of 11.76% in April 2022. Shoppers from over 160 countries search MiamiRealtors.com each month.

Top 10 Countries Searching MiamiRealtors.com in May 2022:

Share of countries in international searches

1. Colombia 12.34%

2. Argentina 7.20%

3. Venezuela 6.29%

4. Brazil 5.28%

5. Spain 4.86%

6. United Kingdom 4.51%

7. Philippines 4.35%

8. Mexico 4.08%

9.Canada 3.99%

10. India 3.81%

All other countries 43.29%

Colombia: A Leading Market for Real Estate in South Florida

Colombia purchased the second most South Florida real estate among foreign countries in 2021, according to the 2021 International Home Buyers Profile of MIAMI Association of REALTORS® (MIAMI) Members. Colombian shoppers 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 May 2022

1. Bogota, Colombia

2. Province of Buenos Aires

3. Antioquia, Colombia

4. Province of Buenos Aires

5. State of Sao Paulo, Brazil

6. Ontario, Canada

7. Mexico City

8. Quebec, Canada

9. Atlantico, Colombia

10. Valle del Cauca, Colombia

Texas: #1 State for Miami Home Searches

Texas had the most national real estate web searches in Miami in May 2022. Texas ranked 4th in out-of-state buyers in the South Florida region in 2021, according to the 2021 profile international home buyers of the MIAMI Association of REALTORS® (MIAMI) Members. New York was No. 1. Access the report: MiamiRealtors.com/Global

Top 10 US States Searching MiamiRealtors.com in May 2022

1.Texas

2.Washington

3. California

4. Georgia

5. North Carolina

6. New York

7. Virginia

8.Illinois

9.Michigan

10.Ohio

Top 10 US Metros Searching MiamiRealtors.com in May 2022

1.Dallas-Ft. Worth, TX

2. Los Angeles, California

3. Spokane, WA

4. Atlanta, Georgia

5. New York, New York

6. San Antonio, TX

7.Washington, D.C.

8. Chicago, IL

9. Houston, TX

10. San Francisco-Oakland-San Jose, CA

About the Association of Realtors of MIAMI

The MIAMI Association of Realtors (MIAMI) was licensed by the National Association of Realtors in 1920 and celebrates 102 years of service to real estate agents, the buying and selling public, and 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 real estate professionals in all aspects of real estate sales, marketing and brokerage. It is the largest local association of real estate agents in the United States 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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