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.

  • Canada Tops All Countries Searching Miami Real Estate Miami is the No. 1 Most-Searched U.S. Market Globally

    by | Apr 26, 2017
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    Canada is the most-active country searching Miami real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). Canada registered the most South Florida property searches among all countries on MIAMI’s portal, www.Miamire.com, in January 2017.

    It’s the second time Canada has posted the most searches (the first occurred in October) since MIAMI began tabulating the monthly rankings in May 2013. Brazil and Colombia finished second and third, respectively. Russia, which led the rankings in November and December, fell to No. 29. Turkey — a global European-Asian hub connected to Miami via nonstop Turkish Airlines flights — entered the Top-10 for the first time (No. 7.)

    “Canadians love South Florida real estate and it’s not just because of our warm weather,” said Christopher Zoller, the 2017 MIAMI chairman of the board. “Yachting, boating, brand-name shopping and incredible beaches lead Canadians to purchase primary or secondary homes in South Florida.”

     

    The top-10 countries visiting Miamire.com in January 2017:
    1.    Canada           
    2.    Brazil         
    3.    Colombia
    4.    Venezuela         
    5.    Argentina              
    6.    India              
    7.    Turkey
    8.    Philippines
    9.    Spain   
    10.  France

    The top-10 countries visiting Miamire.com in January 2016:
    1.    Colombia           
    2.    Brazil              
    3.    Venezuela
    4.    Argentina               
    5.  Philippines                     
    6.   Canada        
    7.   India
    8.    United Kingdom        
    9.    Puerto Rico
    10.  France

    Canada: A Top Market for South Florida Real Estate
    Canadian clients purchase the fourth-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. Canadians had a 6 percent share of all international purchases in South Florida. Venezuela (15 percent), Argentina (11 percent) and Brazil and Colombia (each at 10 percent) finished ahead of Canada.

    Canadian consumers had the second-highest average purchase price ($646,000) among South Florida international clients, according to the 2016 MIAMI report. Brazil had the highest ($775,000).
    Canada was the top country purchasing residential property in Palm Beach County (30 percent of all foreign purchases) and Martin County (21 percent of all international purchases).
                      
    New York Leads All States in Miami Real Estate Searches
    New York registered the most domestic Miami web searches in January 2017. New York has led the domestic rankings in eight of the last nine months.
    The top-10 U.S. states searching Miamire.com in January
    2017: 1) New York, 2) Georgia, 3) California, 4) Texas, 5) Illinois, 6) New Mexico, 7) New Jersey, 8) Massachusetts, 9) Virginia, 10) District of Columbia
    2016: 1) California, 2) Texas, 3) New York, 4) Georgia, 5) Illinois, 6) Tennessee, 7) North Carolina, 8) South Carolina, 9) Michigan, 10) Pennsylvania

    South Florida is the Most Searched U.S. Market by International Consumers
    Miami-Fort Lauderdale-West Palm Beach finished as the No. 1 U.S. market for international consumers in January, according to Realtor.com. Miami has ranked No. 1 in 12 of the last 14 months.
    The top-10 U.S. markets for international real estate demand:

    1. Miami-Fort Lauderdale-West Palm Beach, FL
    2. Los Angeles-Long Beach-Anaheim, CA
    3. Bellingham, WA
    4. Kahului-Wailuku-Lahaina, HI
    5. New York-Newark-Jersey City, NY-NJ-PA
    6. Urban Honolulu, HI
    7. Orlando-Kissimmee-Sanford, FL
    8. Tampa-St. Petersburg-Clearwater, FL
    9. Phoenix-Mesa-Scottsdale, AZ
    10. Houston-The Woodlands-Sugar Land, TX

    South Florida ranked as a top-five market for consumers in nine of the world’s ten-largest regions in January 2017. South Florida finished as the most-searched market in four regions: Caribbean, South America, Southern Europe and Western Asia.
    North America:
    1. New York-Newark-Jersey City, NY-NJ-PA;
    2. Chicago-Naperville-Elgin, IL-IN-WI;
    3. Miami-Fort Lauderdale-West Palm Beach, FL;
    4. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD;
    5. Dallas-Fort Worth-Arlington, TX

    South America:
     1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Orlando-Kissimmee-Sanford, FL;
    3. Los Angeles-Long Beach-Anaheim, CA;
    4. New York-Newark-Jersey City, NY-NJ-PA;
    5. Atlanta-Sandy Springs-Roswell, GA

    Northern Europe:
    1. Los Angeles-Long Beach-Anaheim, CA;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Miami-Fort Lauderdale-West Palm Beach, FL;
    4. Orlando-Kissimmee-Sanford, FL;
    5. Tampa-St. Petersburg-Clearwater, FL

    Australia and New Zealand:
    1. Los Angeles-Long Beach-Anaheim, CA;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Miami-Fort Lauderdale-West Palm Beach, FL;
    4. Las Vegas-Henderson-Paradise, NV;
    5. San Francisco-Oakland-Hayward, CA

    Western Europe:
    1. Los Angeles-Long Beach-Anaheim, CA;
    2. Miami-Fort Lauderdale-West Palm Beach, FL;
    3. New York-Newark-Jersey City, NY-NJ-PA;
    4. Washington-Arlington-Alexandria, DC-VA-MD-WV;
    5. San Antonio-New Braunfels, TX

    Caribbean:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Orlando-Kissimmee-Sanford, FL;
    3. New York-Newark-Jersey City, NY-NJ-PA;
    4. Tampa-St. Petersburg-Clearwater, FL;
    5. Atlanta-Sandy Springs-Roswell, GA

    Southern Europe:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Los Angeles-Long Beach-Anaheim, CA;
    4. Tampa-St. Petersburg-Clearwater, FL;
    5. Chicago-Naperville-Elgin, IL-IN-WI

    Eastern Asia:
    1. Los Angeles-Long Beach-Anaheim, CA;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Chicago-Naperville-Elgin, IL-IN-WI;
    4. Washington-Arlington-Alexandria, DC-VA-MD-WV;

    5. Atlanta-Sandy Springs-Roswell, GA
    Western Asia:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Los Angeles-Long Beach-Anaheim, CA;
    4. Washington-Arlington-Alexandria, DC-VA-MD-WV;
    5. Chicago-Naperville-Elgin, IL-IN-WI

    Eastern Europe:
    1. Los Angeles-Long Beach-Anaheim, CA;
    2. Miami-Fort Lauderdale-West Palm Beach, FL;
    3. New York-Newark-Jersey City, NY-NJ-PA;
    4. Chicago-Naperville-Elgin, IL-IN-WI;
    5. Tampa-St. Petersburg-Clearwater, FL

    Print Version

  • Miami Realtors Sign 10 New International Partnerships

    by | Apr 19, 2017

    Print Version

    The MIAMI Association of REALTORS® (MIAMI) has 161 international real estate partners, the most of any Realtor association in the United States, after signing 10 new International Collaboration Agreements recently. The bilateral agreements create greater exposure for Miami and all of South Florida, increase business opportunities and promote a stronger local economy.

     

    “Collaborating and networking with global markets is at the core of our mission at the MIAMI Association of REALTORS®,” said Christopher Zoller, the 2017 MIAMI Chairman. “MIAMI is honored to have international partners in more than 50 countries and five continents. By promoting the Miami brand and Miami lifestyle at global conferences and with our worldwide partners, every South Florida industry and field benefits.”

    MIAMI signed new partnership agreements with the following 10 real estate associations:
    CRECI-DF (Brazil) – Conselho Regional de Corretores de Imóveis- Distrito Federal
    SINDIMOVEIS-GO (Brazil) – Sindicato dos Corretores de Imóveis no Estado de Goiás
    SINDIMOVEIS-ES (Brazil) – Sindicato dos Corretores de Imoveis do Estado do Espirito Santo
    OVI (Austria) – Austria Association of Real Estate Experts
    Cambodian Valuers and Estate Agents Association (Cambodia)
    CILA (Latin America) – Confederación Inmobiliaria de Latino America
    Real Estate Cluster Serbia (Serbia)
    SIRALIA — Spanish International Realty Alliance (Spain)
    FIABCI-France
    Colegio de Martilleros y Corredores Publicos del Departamento Judicial de la Plata (Argentina)

    The new agreements will further strengthen foreign buying activity in Miami and South Florida and further strengthen the MIAMI Association’s reputation as a leading international organization connecting markets and expanding international business opportunities.

    MIAMI, the largest local Realtor association with more than 46,000 members, has been signing honorary reciprocal agreements with international real estate associations since 1996. MIAMI has bilateral agreements with real estate associations in more than 50 countries. The organizations are part of MIAMI’s International Referral Network, which links South Florida properties with more than 100,000 real estate professionals around the world.

    MIAMI’s International Referral Network provides MIAMI members with a powerful competitive advantage, which benefits buyers, sellers and the communities they serve. Consumers should seek real estate professionals who are members of the MIAMI Association of REALTORS® because they have international expertise, professional network and marketing resources to better serve them.

    For a full list of MIAMI International Partners, visit Miamire.com/international/partners.

    MIAMI Congress
    Eighty foreign delegates from 13 countries and hundreds of Realtors from the U.S. collaborated, networked and learned at the 22nd annual MIAMI International Real Estate Congress on Oct. 30 in Coral Gables.

    Delegates from Austria, Brazil, Israel, Spain, UAE/Dubai and Greece provided market presentations on their respective countries on the first day of the Congress on Oct. 30.

    Attendees enjoyed nightly gala receptions and participated in marketing sessions to capitalize on the presence of MIAMI’s esteemed partners. MIAMI has official partnerships with 160 international organizations worldwide.

    After the Miami Congress’ conclusion in Coral Gables, MIAMI delegates and real estate professionals traveled to the Trump National Golf Club in Jupiter on Nov. 2 for an international luncheon and information session. The event highlighted Palm Beach economic growth and statistics while also discussing Palm Beach’s impact in the global real estate marketplace.

    Top Market
    Miami offers ultra-high-net-worth individuals the ability to purchase a luxurious home with access to superior schools, restaurants and shopping opportunities akin to London. In addition to South Florida’s weather and beaches, the world’s elite like Miami for its developing art scene. The 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 a waterfront art museum opened recently in Miami. A new science museum will open later this year.
                     
    The lack of a state income tax also leads U.S. citizens, particularly those living in the colder climates in the Northeast, to establish residency here. The affluent from high tax states like New York and Connecticut can afford to purchase more expensive homes in Miami because of the tax structure.

    Miami has long been a top place for international investment. Foreign buyers view South Florida real estate as a safe place to invest their money. While Miami residential prices have risen in recent years, the region is still considered inexpensive relative to Paris, Hong Kong, Sao Paolo, and other global cities.

    Growing Tech Industry
    An increasing number of companies, including Microsoft, are working to turn Miami into America’s next tech hub. Venture capitalists and technology incubators have invested in the community and are encouraging more tech companies such as Miami-based social media startup Everypost. Latin American technological companies see Miami as a more accessible economic entry point for business compared to other American cities such as Silicon Valley.

    Most International City in the U.S.
    With the highest concentration of foreign-born residents of any major U.S. city, Miami residents are multilingual, diverse and qualified to work for national and international businesses seeking to connect with foreign consumers. About 51.3 percent of Miami residents are foreign born and the Miami-Dade County population speaks a staggering 100 languages, according to the U.S. Census. Miami’s concentration of foreign-born residents is more than double the national average of 19.4 percent.

    Major Center for Business
    With its proximity to Latin America and the Caribbean, Miami excels in international trade and finance and serves as the base for transactions between North America and the world.

    Miami has the largest concentration of domestic and international banks south of New York City, with approximately 87 financial institutions and 33 foreign bank agencies. “The Gateway to Latin America” also has more than 1,000 multinational corporations. More than 600 Miami companies maintain Latin American headquarters. Greater Miami has the third largest consular corps in the nation with 55 foreign consulates, 30 bi-national chambers of commerce and 18 foreign trade offices.

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