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February 26, 2016
According to a recent report, Colombia bested Brazil for the most real estate searches in Miami during the month of December. More Colombians searched for property in Miami on the Internet than any other country in the world. Brazil topped the same list 17 out of the previous 18 months, but settled for a second place finish in December. After Colombia and Brazil, the top five spots were filled by Venezuela, Argentina and the Philippines.
Colombians tied for third place with the Argentinians for actually purchasing the most real estate in Miami last year. They each accounted for 10 percent of all international real estate transactions in the city. Venezuelans took first place, with 13 percent of all foreign transactions, and Brazilians took second, with 12 percent of transactions.
For the most comprehensive information on the South Florida real estate market, contact Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
Source: The Real Deal
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