Here are the foreign investors most interested in South Florida real estate

Colombian web users accounted for nearly 14% of all foreign searches in February

Miami /
Jun.June 25, 2018 03:30 PM

Flags of Colombia, Canada and Venezuela over the Miami skyline (Credit: Wyn Van Devanter via Flickr)

South Florida, the top destination in the U.S. for foreign investors, continued to attract buyers from a mix of countries in February that includes Colombia, Brazil, Mexico and the Philippines, according to the Miami Association of Realtors.

Colombians browsed the most Miami homes of any foreign country with 13.7 percent of all international searches on MiamiRealtors.com, followed by Venezuelans with 11.5 percent and Canadians with 7.6 percent.

Buyers from Colombia and Canada also made the third-most international purchases of homes South Florida last year with 9 percent each. Argentina and Venezuela led that ranking with 15 percent and 11 percent of all foreign purchases, according to the association of Realtors.

Check out the full list of countries searching for South Florida homes in February:

  1. Colombia: 13.7%
  2. Venezuela, 11.5%
  3. Canada, 7.6%
  4. Argentina, 5.5%
  5. Brazil, 4.9%
  6. India, 4.7%
  7. Peru, 3.5%
  8. Philippines, 3.2%
  9. Mexico, 2.7%
  10. Dominican Republic, 2.6%

Miami was again the No. 1 market in the U.S. for international buyers, followed by Los Angeles; Bellingham, Washington; and New York, according to the report.

Within the U.S., the top states visiting the association’s website were New York, California, North Carolina, Texas and Georgia.


Related Articles

arrow_forward_ios
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
Luxury car tycoon pays $7M for manse in Aventura’s Island Estates
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
arrow_forward_ios

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

Loading...