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Colombia: Top Foreign Country Searching for Miami Homes for Third Consecutive Month Texas is Top State

Colombia: Top Foreign Country Searching for Miami Homes for Third Consecutive Month
Colombia: Top Foreign Country Searching for Miami Homes for Third Consecutive Month

MIAMI — Colombia posted the most global web searches for Miami homes in May 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now topped the list of foreign countries searching for Miami real estate for three consecutive months as South Florida continues to see surging global buyer demand with pandemic-related protocols relaxing and unstable political situations developing around the world.

 

“Changes in government abroad, such as this month’s presidential election in Colombia, have often led to more investment in Miami, the capital of Latin America, as global buyers move to put their money in a secure place where it will appreciate,” MIAMI Chairman of the Board Fernando Arencibia Jr. said. “Miami real estate has experienced 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 11.76% search total in April 2022. Homebuyers from more than 160 countries search MiamiRealtors.com each month.

 

Top-10 countries Searching MiamiRealtors.com in May 2022:

Country                                 Share of 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 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 May 2022

  1. Bogotá, Colombia
  2. Buenos Aires Province
  3. Antioquia, Colombia
  4. Buenos Aires Province
  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 Looking for Miami Homes
Texas registered the most domestic Miami real estate web searches in May 2022. Texas ranked as the No. 4 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. New York was No. 1. Access the report: MiamiRealtors.com/Global

 

Top-10 U.S. States Searching MiamiRealtors.com in May 2022
1. Texas

  1. Washington
  2. California
  3. Georgia
  4. North Carolina
  5. New York
  6. Virginia
  7. Illinois
  8. Michigan
  9. Ohio

 

Top-10 U.S. Metros Searching MiamiRealtors.com in May 2022

1.Dallas-Ft. Worth, TX

  1. Los Angeles, CA
  2. Spokane, WA
  3. Atlanta, GA
  4. New York, NY
  5. San Antonio, TX
  6. Washington, D.C.
  7. Chicago, IL
  8. Houston, TX
  9. San Francisco-Oakland-San Jose, CA

 

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 www.MiamiRealtors.com

 

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