Brazilian Interest in Miami Market Grows Miami Top Market for U.S.

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WEDNESDAY, JULY 3, 2013
MiamiHerald.com
INTERNATIONAL EDITION
THE MIAMI HERALD
Est. 1995
Brazilians among Top Foreign Consumers Searching Miami Properties in May 2013
B
razil ranked among the top
countries searching for Miami
properties
on
Miamire.com
in May 2013, according to
the
27,000-member
MIAMI
Association of REALTORS® (MIAMI). Trends also
show that South Florida remains the top area in
the nation for international real estate buyers and
consumers, evidenced by statistics from the MIAMI
website, which has received more than one million
visits between January and May 2013.
Brazilian Interest
in Miami Market
Grows
Brazil topped the list of countries—second only
to the U.S.—that conducted searches on the
MIAMI website (www.miamire.com) in May. MIAMI
is the ambassador association for the National
Association of Realtors to SECOVI-SP in Brazil and
has conducted extensive outreach to Brazilian
agents and buyers since 1996. SECOVI-SP was
MIAMI’s first international partner association.
Today MIAMI has more than 100 partnerships
with real estate associations worldwide, including
FENACI, COFECI, and Balneario Camboriu also in
Brazil. MIAMI also shares listings with associations
in Brazil through its landmark International Data
Exchange, which further promotes MIAMI members
and the South Florida market.
As a result, Brazilian buyers consistently rank in the
top three countries of origin investing in Miami real
estate, according to the 2012 Miami International
Market Report.
“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,” MIAMI Chairman of the Board Natascha
Tello said. “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.”
The top five countries searching South Florida
properties on Miamire.com (Miami Association of
Realtors Property Search) in May 2013 remained
the same compared to the previous year, but figures
show growing interest among foreign buyers and
investors in Brazil, Canada, and Venezuela:
03PGA08.indd 8
May 2013
May 2012
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United States
Brazil
Canada
Colombia
Venezuela
Spain
Argentina
France
United Kingdom
Italy
United States
Brazil
Canada
Colombia
Venezuela
France
Uruguay
Argentina
Italy
Spain
“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,” said 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.”
Miami Top Market
for U.S. & Foreign
Consumers
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
ten 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 tenth. 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. The top countries (outside the U.S.)
where global consumers were most engaged on
Realtor.com® & Realtor.com® International were:
Q *Canada: Los Angeles, Detroit, Miami,
Fort Lauderdale, Orlando
Q U.K.: Los Angeles, Orlando, Houston, Las Vegas,
Washington DC
Q Australia: Los Angeles, New York, Las Vegas,
Houston, San Francisco
Q Ireland: Washington DC, Los Angeles, Orlando,
Boston, New York,
Q *Germany: Los Angeles, San Antonio, Miami,
Las Vegas, Colorado Springs,
Q Japan: Jacksonville, San Diego, Honolulu,
Los Angeles, San Antonio
Q *India: Los Angeles, Las Vegas, Chicago,
San Jose, Miami
Q *Brazil: Miami, Orlando, Los Angeles,
Boca Raton, Fort Lauderdale
Q *France: Miami, Los Angeles, Washington DC,
New York, Houston
Q Mexico: San Diego, San Antonio, El Paso, Laredo,
Houston
Q *Italy: Los Angeles, Miami, Washington DC,
San Diego, Las Vegas
Q *Netherlands: Los Angeles, Miami, Detroit,
New York, Houston
Q China: Los Angeles, New York, Irvine,
San Francisco, Las Vegas
Q *Spain: Miami, Los Angeles, Washington DC,
New York, San Diego
Q Philippines: Las Vegas, Los Angeles,
San Francisco, Houston, San Diego
Q South Korea: Los Angeles, Las Vegas, Irvine,
San Diego, Colorado Springs
Q *Switzerland: Los Angeles, Miami,
Washington DC, Raleigh, Detroit
Q *Russian Federation: Los Angeles, Miami,
New York, Orlando, San Francisco
Q Singapore: Houston, Los Angeles,
San Francisco, Austin, New York
Q New Zealand: Los Angeles, Las Vegas,
San Diego, Detroit, San Francisco
*Country with Miami or Fort Lauderdale as
top searches.
Based on the 2012 Miami International Market
Report, Miami attracts a significant number of
buyers from countries not reflected in property
search rankings above, including Venezuela,
Argentina, and Colombia.
Representing More Than 27,000
Real Estate Professionals
Property Information in 20 Languages
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www.miamire.com
info@miamire.com
7/3/2013 2:22:33 AM