MIAMI—Brazil ranked among the top countries searching for residential real estate in Miami in May. Trends uncovered on Miamire.com also reveal that South Florida still tops the nation for international real estate buyers and consumers. The Miamire.com website saw more than 1 million visits between January and May.
“Miami continues to be a top choice for Brazilian buyers who feel at home in Miami and are attracted by the local lifestyle, culture, and thriving real estate market,” says Miami Association of Realtors chairman of the board Natascha Tello. “Our relationships further boost already strong interest in our market, as affluent Brazilians prefer Miami over any other market in Florida and the U.S.”
Brazil was second only to the U.S. among countries whose residents are looking at Miami real estate. In fact, Brazilian buyers consistently rank in the top three countries of origin investing in Miami real estate, according to the 2012 Miami International Market Report.
Nationally, Miami is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S. Miami again ranked second only to Los Angeles among the top 10 overall most searched U.S. cities by non-U.S. consumers throughout the month of May 2013 on Realtor.com & Realtor.com International. Fort Lauderdale ranks 10th. If the Miami-Fort Lauderdale real estate market were combined, the ranking would be even higher.
Foreign consumers searching U.S. properties from Brazil, France, and Spain were most interested in the Miami real estate market in May 2013, according to online engagement statistics from Realtor.com. Miami was a second top choice for buyers from Italy, Netherlands, Russia, and Switzerland.
“A growing number of buyers from worldwide markets are showing interest in all that Miami has to offer, as our website becomes a top portal for international consumers,” says 2013 Miami Association of Realtors residential president Fernando I. Martinez. “Foreign buyers and investors know that Miami and South Florida offer profitable opportunities and want to preview what’s available and take advantage of the local affordability combined with world-class amenities.”