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South Florida

Brokers still targeting foreign investors

The Miami International Real Estate Congress
The Miami International Real Estate Congress

Yesterday, about 300 brokers gathered at the Miami International Real Estate Congress at the Biltmore Hotel in Coral Gables to talk shop. And with international deals accounting for roughly 29 percent of all transactions in Miami-Dade and Broward counties in the past year, the foreign buyer was the topic of the hour.

The event, hosted by the Miami Association of Realtors, drew some 70 agents from Brazil, Argentina, France, Italy, Ecuador, Colombia and the U.S. Virgin Islands, according to the Miami Herald.

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“Miami is the most international city in the entire United States,” Teresa King Kinney, CEO of the Miami Association of Realtors, told the gathering. Case and point: more than half of the residents in Miami-Dade were born abroad.

Kinney boasted that if Miami-Dade doesn’t have another record year in terms of residential sales, then it will come very close. [Miami Herald] – Christopher Cameron

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Foreign BuyersInternational Real Estate