The Real Deal Miami

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
By Katherine Kallergis | June 25, 2018 03:30PM

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.