Buyers from Colombia comprised more than 10 percent of foreign web searches for Miami residential real estate in July, per the Miami Association of Realtors’ newly released data. This is the fifth consecutive month that Colombia has maintained the top spot.
Last year, Colombia placed third for the largest percentage of real estate web searches with Brazil in the top spot. Brazil, now in sixth place, had previously held the top spot for 13 consecutive months. The latest statistics show that Brazilian web searches for Miami- and South Florida-area residential real estate comprised only 5.3 percent of total searches in July.
South Florida area was second only to the Los Angeles metro for the most popular U.S. destinations for international buyers, proving the area’s international cachet. The nearby Orlando metro was also within the top five; Florida was the only state with two areas toward the top of the list.
Following Colombia, other countries searching for South Florida-area homes in July were as follows: Canada, Argentina, Venezuela, Spain, Brazil, France, India, Italy, United Kingdom.