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Colombia Again No. 1 Global Country Searching for Miami Real Estate

Posted by RealtyWonders on July 29, 2022

Miami Real Estate.

MIAMI — Colombia posted the most global web searches for Miami homes in June 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now topped the list of foreign countries searching for Miami real estate for four consecutive months as South Florida continues to see surging global buyer demand with pandemic-related protocols relaxing and unstable political situations developing around the world.

“Miami is a special play to live, work and play,” MIAMI Chairman of the Board Fernando Arencibia Jr. said. “It is no wonder that Time Magazine has nicknamed Miami as one of the World’s Greatest Places of 2022. Our robust and dynamic real estate market continues to attract international attention from a diversified list of countries that span the globe.”

Colombia accounted for 13.02% of all international searches on in June 2022, an increase from the country’s 12.34% search total in May 2022. Homebuyers from more than 160 countries search each month.

Top-10 countries Searching in June 2022:

Country                                 Share of International Searches

  1. Colombia                       13.02%
  2. Argentina                       6.50%
  3. Spain                              6.00%
  4. Venezuela                     5.98%
  5. United Kingdom           5.15%
  6. Canada                         5.11%
  7. Philippines                   4.64%
  8. Mexico                         4.27%
  9. Brazil                            4.20%
  10. India                            3.50%

All Other Countries                41.63%

Colombia: A Top Market for South Florida Real Estate
Colombia purchased the second-most South Florida real estate among foreign countries in 2021, according to the 2021 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia buyers purchased 12% of all international purchases in South Florida. Argentina (13%) finished first. Venezuela (10%) finished third.

Top-10 International Cities Searching in June 2022

  1. Bogotá, Colombia
  2. Antioquia, Colombia
  3. Buenos Aires, Argentina
  4. Capital District, Venezuela
  5. Buenos Aires Province, Argentina
  6. Quebec, Canada
  7. Ontario, Canada
  8. State of Sao Paulo, Brazil
  9. Valle del Cauca, Colombia
  10. Madrid, Spain

Washington: #1 State Looking for Miami Homes
Washington registered the most domestic Miami real estate web searches in June 2022. Texas ranked as the No. 10 out-of-state buyer in the South Florida area in 2021, according to the 2021 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. New York was No. 1.

Top-10 U.S. States Searching in June 2022
1. Washington

  1. Texas
  2. Virginia
  3. Georgia
  4. California
  5. New York
  6. North Carolina
  7. Illinois
  8. Ohio
  9. Michigan

Top-10 U.S. Metros Searching in June 2022

1.Washington, D.C.

  1. Dallas-Ft. Worth, TX
  2. Atlanta, GA
  3. New York, NY
  4. Chicago, IL
  5. Houston, TX
  6. Los Angeles, CA
  7. San Antonio, TX
  8. Charlotte, NC
  9. Lexington, KY

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