Colombian consumers have posted the most global Miami real estate searches for seven consecutive months, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida, a top destination for international home buyers, finished as the second-most searched U.S. market by Realtor.com international consumers in September 2017.
Colombia registered 11.4 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in September 2017. Colombia has led the MIAMI property search rankings for seven consecutive months and 17 of the last 22 months.
“Miami real estate continues to be a top destination for consumers in Latin America but all over the world,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “Canada, Ukraine, Spain, Italy, India and the Philippines rank among the top-10 foreign countries searching for Miami real estate.”
Top-10 countries visiting MiamiRealtors.com in September 2017: Country, Share of International Searches
- Colombia, 11.4%
- Canada, 10.4%
- Ukraine, 5.5%
- Venezuela, 5.2%
- Spain, 4.7%
- Brazil, 4.3%
- Italy, 4.3%
- India, 4.3%
- Argentina, 3.8%
- Philippines, 3.0%
Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Brazil in making the third-most international purchases in South Florida, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished first and second, respectively.
South Florida is Second-Most Searched U.S. Market by International Clients
Miami-Fort Lauderdale-West Palm Beach is the second-most searched U.S. market by international consumers, according to Realtor.com September 2017 data. South Florida has ranked among the top-two U.S. markets for global demand for years.
Top-10 U.S. markets for international real estate demand: September 2017
- Los Angeles-Long Beach-Anaheim, CA
- Miami-Fort Lauderdale-West Palm Beach
- Bellingham, WA
- New York-Newark-Jersey City, NY-NJ-PA
- Orlando-Kissimmee-Sanford, FL
- Urban Honolulu, HI
- Tampa-St. Petersburg-Clearwater, FL
- Kahului-Wailuku-Lahaina, HI
- Phoenix-Mesa-Scottsdale, AZ
- Las Vegas-Henderson-Paradise, NV
Top-10 countries driving international demand in South Florida: September 2017
- Canada
- Brazil
- Argentina
- United Kingdom
- Colombia
- Germany
- France
- Spain
- Italy
- Mexico
Source: Miami Association of Realtors.
