The Real Deal Miami

Brazilians keep their eyes on Miami

Potential buyers looked at more Miami properties than any other country

June 01, 2015 05:00PM

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A shot of Miami's skyline and Brazil's national flag

A shot of Miami’s skyline and Brazil’s national flag

Brazil was yet again the number one foreign country searching for properties in Miami, according to the Miami Association of Realtors.

The group measured traffic on its webpage to determine which country had the most potential buyers looking at real estate in Miami during April.

The study found that Brazil had the most searches out of any foreign country for the past 11 months, and was only de-throned by Venezuela for a brief stint in May 2014.

Brazilians made up 11 percent of all international real estate deals in South Florida, ranking third out of all foreign countries buying and selling in the region. Venezuela took up 16 percent of all deals, and Argentina came in at 12 percent.

Currently, Brazil is trailed by Colombia and Canada, with Venezuela coming in fourth. At the bottom of the top 10 is Ecuador.

Last year during April, Colombia was in first with Brazil and Canada following closely. Also among the top 10 countries, Germany and the United Kingdom were replaced by Ecuador and Puerto Rico .

Miami was the third-most internationally searched city through the United States during April, outshined only by Los Angeles and New York City. — Sean Stewart-Muniz