Brazilians lead consumers searching for South Florida real estate
South America’s largest nation continues to be the top foreign country searching for South Florida real estate on the Miami Association of Realtors website, according to the group.
Brazil has been the top foreign country searching for Miami properties in 13 of the last 15 months.
Colombia finished with the second-most web hits on the website in April 2015 for the fourth consecutive month. Canada moved ahead of Venezuela to finish in third place for the month. An international city with world-class amenities, Miami has long been a top place for foreign real estate investment. For those facing volatile economies and unstable governments in their homelands, South Florida real estate offers a secure place to invest their money. While Miami residential prices have risen in recent years, the region is still considered inexpensive relative to other similar major global cities such as Paris, Hong Kong, Sao Paolo, and London.
Top 5 countries looking at Florida property (April 2015):
Source: Miami Association of Realtors