Colombians dominated web searches for Miami homes in December

Venezuela, Argentina and Canada also made the list

Miami /
Feb.February 19, 2018 02:40 PM

South Florida with Colombian flag (Credit: Wikimedia Commons, Pixabay)

Potential buyers from Colombia led a ranking of foreign nationals searching for South Florida homes online in December.

The list of residents of top countries visiting the Miami Association of Realtors’ website included Venezuelans at No. 2 with 8.1 percent of international searches and Argentinians with 7.1 percent. Colombians, who are experiencing a period of political instability in their home country, represented 10.5 percent of foreign web searches, according to a Realtors report.

Last year, Colombian and Canadian home buyers made the third-most international home purchases in South Florida at 9 percent. Foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Miami is a top U.S. destination for foreign investors: a recent report found that eight of 10 properties sold above $1 million are owned by someone outside of the country.

Canadians were again hungry for South Florida homes with the fourth biggest share of foreign interest in December, followed by Brazil and Peru.

Check out the full list:

1. Colombia: 10.5%

2. Venezuela: 8.1%

3. Argentina: 7.1%

4. Canada: 7%

5. Brazil: 5.4%

6. Peru: 3.9%

7. India: 3.8%

8. Spain: 3.4%

9. Philippines: 3.3%

10. Dominican Republic: 2.9%


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Guillermo Lasso and the Asia Brickell Key condo in Miami
Ecuadorian president’s alleged Florida real estate ties raise questions
Ecuadorian president’s alleged Florida real estate ties raise questions
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
arrow_forward_ios

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

Loading...