Russians stopped looking for Miami real estate during January: Realtors report

Miami /
Apr.April 03, 2017 11:40 AM

After leading web searches for Miami real estate in November and December, Russia fell to No. 29 on the Miami Association of Realtors’ ranking in January.

Canada, meanwhile, took the top spot for South Florida property searches for the first month of 2017. Canadians have invested in Florida real estate for decades. Last year, buyers from Canada ranked fourth among foreign countries for South Florida home purchases, with 6 percent of all international deals.

January is the second month that Canada led the association’s list of countries using Miamire.com to look for South Florida real estate. Canada took the lead from Colombia in October.

Russia, which topped the list for the first time in November and December, fell all the way down to No. 29. Brokers and developers have said that Russian buyers are back in South Florida with the expectation that President Donald Trump will lift U.S.-imposed sanctions against Russia. In South Florida, there’s a higher concentration of Russian buyers in Sunny Isles Beach.

After Canada, users from Brazil, Colombia and Venezuela were looking for Miami real estate in January.

Here’s are the top 10:

  1. Canada
  2. Brazil
  3. Colombia
  4. Venezuela
  5. Argentina
  6. India
  7. Turkey
  8. Philippines
  9. Spain
  10. France

In the U.S., New Yorkers searched the most for South Florida homes in January, mirroring eight of the previous nine months. Investors from New York have been active in residential and commercial real estate in South Florida.


Related Articles

arrow_forward_ios
Vladislav Doronin of OKO Group (Illustration by The Real Deal with Getty)
Vlad Doronin denied business in Russia. Court filings suggest otherwise
Vlad Doronin denied business in Russia. Court filings suggest otherwise
From left: Edgardo Defortuna, Ana Gomez, Alicia Cervera Lamadrid, and Craig Studnicky (LinkedIn, Cervera, iStock)
“Get your money out now”: Miami brokers target Colombian buyers after leftist’s election
“Get your money out now”: Miami brokers target Colombian buyers after leftist’s election
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Vlad Doronin (Getty / Photo illustration by Priyanka Modi)
Developer Vlad Doronin distances himself from Russia’s war on Ukraine
Developer Vlad Doronin distances himself from Russia’s war on Ukraine
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...