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Brazil and Colombia Tie, Lead in Search for Miami Properties Worldwide.

Latin American buyers have been the lifeblood of Miami real estate sales within the last boom market. Record breaking transactions and cash sales catapulted the Miami Real Estate market into the destination for international investors and foreign buyers from across the globe. Buyers from countries in Latin America tend to be purchase luxury condos in the Miami-Dade areas which include Miami Beach, (South of Fifth especially) Greater Downtown Miami and luxury neighborhood and communities such as Sunny Isles Beach, Bal Harbour, Aventura and North Miami Beach. Colombian and Brazilian buyers have been the most-active foreign buyers and international investors searching Miami real estate. According to a report, Colombia has led the MIAMI property search rankings in 11 of the last 16 months. Venezuela and Brazil finished second and third, respectively.  the Miami Chairman of the board stated: “It’s no longer just South America (buying Miami Real Estate). It is home buyers in India, China, Turkey, France and other countries who want to live the Miami lifestyle.”

According to the MIAMI Association of REALTORS®  news release:

 Miami is the No. 1 Most-Searched U.S. Market Globally

South Florida finished as the most-searched U.S. market in Western Europe, South America and Western Asia. 

Miami-Fort Lauderdale-West Palm Beach finished as the No. 1 U.S. market for international consumers