Colombia has regained its status as the top country searching for Miami real estate.
According to a new report by the MIAMI Association of REALTORS®, Colombia has regained its status as the top country searching for Miami real estate. In March 2023, Colombia accounted for 11.06% of all international searches on MiamiRealtors.com, followed by China, Argentina, Venezuela, and Philippines. Colombia has consistently finished in the top two among the list of foreign countries searching for Miami real estate for the past 13 months.
Moreover, Buenos Aires, Argentina, has been identified as the top searching global city for Miami real estate. According to the same report, Buenos Aires accounted for 7.05% of all international searches on MiamiRealtors.com, followed by Caracas, Venezuela, and Bogota, Colombia. This is indicative of the growing interest in Miami real estate among Latin American countries.
Florida has been the top destination for international buyers for 14 consecutive years, with Miami being a popular choice among foreign investors. With its sunny climate, diverse culture, and favorable tax laws, Miami has become a world-class destination for luxury real estate investments. The Knight Frank Wealth Report 2023 has ranked Miami as a bargain for prime property compared to other global cities, with homebuyers able to purchase 64 square meters of prime property for $1 million, almost four times more than Monaco, and more than Paris, Sydney, Tokyo, and more.
For assistance contact Rafael Jarauta PA in Miami at 786-287-3241.