International Council of the MIAMI Association of REALTORS

     

                

International Articles and Advertisements

The MIAMI Association of REALTORS® features a half-page article each week in The Miami Herald –International Edition, promoting MIAMI Members and the South Florida real estate market to affluent consumers in Latin America and Europe.

  • South Florida’s Quality Schools Boosting Real Estate Market

    by | May 17, 2017

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    Most families with children make a decision on where to buy a home by the quality of local education, and South Florida boasts some of the nation’s top schools.

    From pre-kindergarten through graduate school, South Florida’s schools are innovative, specialized and nationally-regarded. The region’s schools excel in student achievement, a big factor for homebuyers looking for a local home.

    It begins with South Florida’s strong primary educational system, where students learn and develop the fundamentals and studying habits to become successful members of the community and workforce.

    South Florida’s four public school systems — Miami-Dade County Public Schools, Broward County Public Schools, the School District of Palm Beach County and the Martin County School District — have each achieved state and national acclaim for their educational programs.

    Innovative Public School Districts

    Miami-Dade County Public Schools (MDCPS) is the largest and arguably most acclaimed urban school district in the United States. MDCPS is home to 392 schools and 345,000 students. District students speak 56 different languages and represent 160 countries.

    Under Superintendent Alberto M. Carvalho, MDCPS has received state and national recognition for unprecedented increases in student achievement and graduation rates. In 2012, MDCPS received one of the nation’s top education prizes --- the Broad Prize for Urban Education — for its overall performance and improvement in student achievement while narrowing achievement gaps among low-income students and students of color.

    In November 2016, the White House recognized MDCPS as one of 30 leaders across the nation in personalized learning and innovation. The district offers iPrep Academy and iPrep Math, two educational programs centered on personalized learning. MDCPS also implements technology in the classroom using interactive boards, digital devices and apps.

    Miami-Dade has installed over 11,000 interactive boards and distributed 140,000 digital devices in classrooms in addition to setting up 30,000 WiFi access points on school campuses.

    MDCPS receives more National Magnet Schools of Merit Awards than any other school district nationally. MDCPS offers 460 choice programs in all grade levels, which is the most of any Florida school district and among the top in the country.

    Broward County Public Schools (BCPS), the first fully accredited school system in Florida since 1962, offers 236 schools, centers and technical colleges. BCPS has more than 271,000 students and about 175,000 adult students. BCPS students represent 208 different countries and 181 different languages.

    BCPS finished a finalist for the Broad Prize in 2008, 2009 and 2011 because it outperformed other Florida districts serving students with similar family incomes in math at all school levels (elementary, middle and high school) and in reading at the middle and high school levels, according to the Broad Prize methodology

    The School District of Palm Beach ranks as the top-performing urban school district in Florida. The school district is the fifth largest in the state of Florida with 185 schools, serving more than 183,000 students. The student population speaks 150 languages.

    Education Week recognized the District as having the eighth-highest graduation rate in the nation. Palm Beach County has a higher percentage of “A” and “B” district-operated elementary and middle schools compared to the state and the state’s largest urban school districts, according to the 2014 School Grades.

    The Martin County School District, located north of Palm Beach, has the fifth highest graduation rate in the state (88.9 percent in 2014-15 compared to the state average of 77.8 percent). Martin County offers 25 career academy programs at its three high schools and several career and technical education programs at its five middle schools.

    Standout Private Schools

    South Florida is also home to some of the best private schools in the nation.

    Miami’s Ransom Everglades School, located in Coconut Grove, finished as the top-ranked private school in the nation in 2016, according to Niche.com. About 71 percent of the Ransom faculty holds advanced degrees. Twenty years is the average faculty tenure at the school, which has 1,084 students. 100 percent of graduates matriculate to four-year colleges or universities.

    Palmer Trinity School, located in the Miami suburb of Palmetto Bay, also has a 100 percent student acceptance into four-year universities. About 67 percent of the faculty has advanced degrees at the school, which has 740 students enrolled in grades six through twelve.

    In Broward County, the Pine Crest School finished as the second-best private school in Florida, according to Niche. The all-faith college prep school in Fort Lauderdale boasts a 13:1 student-teacher ratio and a 99 percent four-year matriculation rate to four-year colleges and universities.

    Robust Colleges, Universities

    Greater Miami ranks as the eighth largest “college town” in the nation because of its 438,000 full-time and part-time students.

    South Florida has seven universities/colleges and five law schools. Miami Dade College (92,085 credit students in 2014-15) is the largest and most diverse college in the nation.

    The University of Miami, a private institution in Coral Gables, is ranked as the 44th best university in the nation, according to U.S. News & World Report rankings for 2017. Miami is ranked No. 1 among Florida schools. Miami’s excellence helps to attract international students.

    Florida International University — Miami’s first and only public research university — has the fifth-most international business programs in the nation. FIU, which is classified as an R1 institution for highest research activity, is the nation’s leader in awarding bachelor’s and master’s degrees to Hispanic students.

    Barry University in Miami Shores is one of the largest Catholic universities in the Southeast and was recognized as one of “America’s Top Colleges” by Forbes magazine in 2013 for the third consecutive year.

    Florida Atlantic University, the first public university in southeast Florida, opened its doors in 1964 and today serves more than 30,000 students at campuses in Boca Raton, Dania Beach, Davie, Fort Lauderdale, Harbor Branch and Jupiter. More than 180 degree programs, 40 research centers are available at the university.

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  • Brazil is Top International Country Searching Miami Real Estate

    by | May 08, 2017
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    Brazil is the top foreign country searching for Miami real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). Brazil registered the most South Florida property searches among all countries on MIAMI’s portal, www.Miamire.com, in February 2017.

    Brazil led the MIAMI rankings for 13 consecutive months, from June 2014 through June 2015. The South American country had been rising in the rankings recently, finishing second in January 2017. Venezuela and Colombia finished second and third, respectively, in February 2017. Russia, which led the rankings in November and December, had the fifth-most web searches. Mexico makes its first appearance in the Top 10 since it took No. 10 in May 2016.

    “Brazilians and South Americans have long been drawn to Miami and our global city,” said Christopher Zoller, the 2017 MIAMI chairman of the board. “But what’s interesting about the February 2017 search rankings is its continental diversity. South America, North America, Asia and Europe are all represented, and that’s reflective of the diversification of Miami real estate buyers.”

    The top-10 countries visiting Miamire.com in February 2017:
    1.    Brazil         
    2.    Venezuela        
    3.    Colombia
    4.    Canada         
    5.    Russia               
    6.    India              
    7.    Argentina
    8.    Philippines
    9.    Spain   
    10.  Mexico
                     
    The top-10 countries visiting Miamire.com in February 2016:
    1.    Colombia           
    2.    Venezuela              
    3.    Brazil
    4.    Argentina               
    5.  Philippines                     
    6.   Canada        
    7.   United Kingdom
    8.    India        
    9.    Mexico
    10.  France

    Brazil: A Top Market for South Florida Real Estate
    Brazilian home buyers purchase the third-most South Florida real estate among all international consumers, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Brazilians had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished ahead of Canada.

    Brazilian consumers had the highest average purchase price ($775,000) among South Florida international clients, according to the 2016 MIAMI report.

    Brazil had the second-most home purchases in Miami-Dade County (15 percent), trailing Venezuela (17 percent). Brazilians purchased the fifth-most properties in Broward (10 percent) and the third-most in Palm Beach (7 percent).
                      
    Georgia Leads All States in Miami Real Estate Searches
    Georgia registered the most domestic Miami web searches in February 2017. Georgia has led the domestic rankings in two of the last three months.

    The top-10 U.S. states searching Miamire.com in February
    2017: 1) Georgia, 2) New York, 3) California, 4) Texas, 5) Illinois, 6) Virginia, 7) North Carolina, 8) New Jersey, 9) Massachusetts, 10) Pennsylvania

    2016: 1) Texas, 2) California, 3) New York, 4) Georgia, 5) Tennessee, 6) Illinois, 7) Michigan, 8) North Carolina, 9) Pennsylvania, 10) Indiana

    Miami’s Diversity Driving Population Growth
    South Florida is now the nation’s eighth largest metropolitan area, and Miami’s ability to attract international residents is a large reason why. Miami-Dade/Broward/Palm Beach metro area surpassed six million residents for the first time earlier this year.

    Of the 500,000 new residents who moved to the Miami, Broward, Palm Beach metro area over the last five years, about 65 percent (335,000) came from other countries, according to new U.S. Census data. South Florida’s tax environment (no state income tax in Florida), growing tech industry and infrastructure improvements are leading more Americans to relocate to Miami.

    The world is drawn to Miami because Miami speaks their language. Fifty-six different languages are spoken among the student population at Miami-Dade County Public Schools. When you analyze the tri-county South Florida region, 128 languages are spoken in Miami-Dade, Broward and Palm Beach counties, according to a 2015 U.S. Census Bureau report.

    Miami Welcomes All Cultures
    Unlike any other part of the world, Miami welcomes all nationalities and languages. Miami is home to Cubans, Venezuelans, Brazilians, Argentines, Russians, French, Nicaraguans, Chinese and many other foreign-born natives.

    In Florida, Miami and Fort Lauderdale account for 50 percent of foreign sales, according to the 2015 Profile of International Home Buyers in Florida. Foreign real estate buyers accounted for 36 percent or $6.1 billion of total sales volume in South Florida, according to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Areas.

    Art, Culture, Transit Attracting Residents
    Miami’s cultural and art institutions are also influencing the region’s population growth. Miami Beach’s Art Basel show draws the world’s top collectors, and the Wynwood neighborhood has gained national and global attention for its trendy local art.

    The Adrienne Arsht Center for the Performing Arts and the waterfront Pérez Art Museum Miami (PAMM) opened recently in Downtown Miami. The $305 million Patricia and Phillip Frost Museum of Science adjacent to PAMM will open later this year.

    Greater Downtown Miami has seen a 99.6-percent population increase since 2000, growing from 40,466 to 80,750 residents. Brickell — which is the core of Miami’s banking, investment and financial centers — has seen the largest increase in downtown, growing from 12,904 residents in 2000 to 32,489, according to the Miami Downtown Development Authority.

    Downtown’s public transit, cultural institutions and growing population are encouraging many of these developments. Miami’s Metrorail Orange Line now takes travelers from the airport to downtown. Also, All Aboard Florida is building a new rail service, which will run 30-plus trains a day to Orlando with stops in Fort Lauderdale and West Palm Beach by 2017.

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