Image Brazilians are again
the biggest group of overseas buyers searching for second homes and investment
properties in Miami, according to the latest data from the Miami Association of
Realtors.
Brazil topped the list of
countries, second only to the United States, that conducted searches on the
association’s website in June, after briefly being overtaken by France.
This is despite the weakening
of the Brazilian currency in recent months and other Latin American
nationalities are also keen on property in Miami with Argentina, Colombia, and
Venezuela coming next, followed by Russia, Malaysia, France, Spain, and the
United Kingdom.
The association has
conducted extensive outreach to Brazilian agents and buyers since 1996 and has
more than 100 partnerships with real estate associations worldwide, including
FENACI, COFECI, and the Balneario Camboriu Association (ACIBC) also in Brazil.
MIAMI also shares listings with Brazilian
associations through its landmark International Data Exchange, which further
promotes members and the South Florida market.
In August, Balneario
Camboriu signed an agreement to share listings with the website, further boosting
exposure for Miami properties in Brazil.
Miami also promotes the
Miami real estate market at international events, including Salon de
l’Immobilier in Paris, SIMA in Madrid, and in the upcoming Jornada
Internacional Inmobiliaria in Argentina.
‘Brazil remains a very
strong market for Miami real estate, as reflected by our property search and
closed sales statistics,’ said Natascha Tello, chairman of the board of the
Miami Association of Realtors.
‘It’s very rewarding to see
the success of our international outreach with markets like Argentina, Brazil,
France, Russia and Spain. It’s also exciting to see new markets we’ve been
targeting, such as Germany and India, cement their interest in the Miami
market,’ she added.
The property search statistics
are indicative of Miami’s status as a major global city, according to Fernando
Martinez, residential president of the Miami Association of Realtors.
‘Miami real estate
continues to attract attention from all over the US and from worldwide markets.
Such attention is driving sales and fuelling the robust performance of the
Miami real estate market,’ he added.
Miami is also a top choice
for buyers in many US markets with the top number of searches coming from Los
Angeles, Atlanta, New York, Dallas, Chicago and New Jersey.
Nationally, Miami is
consistently one of the top markets for most of the highest ranking countries
searching for property in the US including Canada, Germany, Brazil, Italy,
France, the Netherlands, Spain, Russia, and Switzerland. For the first time, it
was also a top choice for Turkey in August.
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