In January, consumers from Colombia made the greatest number of searches for South Florida real estate on the MIAMI Association of Realtors’ (MIAMI) search portal, www.Miamire.com, according to statistics collected from the website. Colombia has led the online search rankings for two consecutive months.
“Long known as a Gateway to the Americas, Miami’s shopping, restaurants, lifestyle, geographical position, tropical climate, international banking system and growing technological hub continue to attract foreign investors and home buyers,” said Mark Sadek, the 2016 MIAMI chairman of the board.
According to the MIAMI Association of Realtors’ 2015 survey of international homebuyers, Colombians who move to South Florida tend to be upper middle class families, and spend the second-most on South Florida property among foreign buyers. The average purchase price for Colombians tied with Argentina ($516,000), and trailed behind Brazil ($766,000), according to the survey. Colombians registered 10 percent of all foreign Miami transactions, trailing behind Venezuelans (13 percent) and Brazilians (12 percent).
“South Florida real estate attracts international home buyers unlike any other region in the U.S.,” Sadek said.