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.

  • Miami Realtors Showcase South Florida at Global Expo

    by | Mar 29, 2017
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    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida real estate at the world’s largest property show, MIPIM, on March 14-17, in Cannes, France as part of the National Association of REALTORS® (NAR) expanded U.S. pavilion. MIAMI has exhibited with NAR at MIPIM for three consecutive years to increase awareness of U.S. markets.

    MIAMI leaders touted Miami’s rise as a world-class global city and worked to attract more commercial and residential investment for South Florida.

    “Real estate is an integral part of South Florida’s economy and it’s important to showcase Miami’s evolution as a top world-class city on this global stage,” said Christopher Zoller, a Coral Gables Realtor and 2017 MIAMI Chairman of the Board. “Investors want to build and develop properties in Miami because we’re growing, boast an incredible lifestyle and abound with economic opportunities.”

    NAR hosts a U.S. pavilion to increase awareness of U.S. markets with commercial and luxury development potential. In addition to Miami, U.S. markets featured at the MIPIM U.S. pavilion include the states of Florida, Illinois, Missouri, Nevada, Rhode Island and Washington and the metro areas of San Diego, Scottsdale, Las Vegas, Reno and New York.

    Five MIAMI leaders and three MIAMI executives represented MIAMI at the MIPIM exhibit. Participating MIAMI leaders are: Zoller of EWM Realty International; 2017 Chairman of the Board-Elect George C. Jalil of First Service Realty, Real Living; 2017 Commercial President José María “Chepe” Serrano of New Miami Realty Corp.; 2017 Commercial President-Elect Brian Sharpe of Sharpe Properties Group; and 2017 Residential President Christina Pappas of The Keyes Company.

    MIAMI Chief Executive Officer Teresa King Kinney, MIAMI Senior Vice President of Public Relations & International Lynda Fernandez and MIAMI Vice President of Government Affairs and City of Doral Councilwoman Ana Maria Rodriguez participated.

    MIAMI Highlighted Robust South Florida Real Estate Market
    South Florida is one of the world’s top destinations for international investment. Foreign buyers purchased $6.2 billion of South Florida residential properties in 2016, up from $6.1 billion a year ago, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) conducted by MIAMI and NAR.

    More than half of all international home sales in the entire state of Florida (52 percent) happen in Miami-Fort Lauderdale-West Palm Beach, according to NAR’s 2016 Profile International Residential Real Estate Activity in Florida.

    In 2016, the U.S. was ranked No. 1 for safe and secure investments and as the best opportunity for capital appreciation by members of the Association of Foreign Investors in Real Estate.

    MIAMI leaders and executives exhibited at the U.S. pavilion with the goal to bring more investors to South Florida to invest in office buildings, residential developments and retail.

    “Commercial real estate investment does so much for the South Florida economy,” Serrano said. “More commercial investment means more taxes for local cities, more jobs for local residents and ultimately more city expenditures to improve roads, highways and schools.”

    90 Countries Represented at MIPIM 
    About 23,000 leading real estate executives from 90 countries traveled to Cannes for the four-day annual gathering. About 2,400 investors will participate.

    The event brings together investors, developers, architects, hotel groups, public authorities, city mayors and property associations from around the world. Of the roughly 23,000 attendees, only about 500 will be from the U.S.

    Top Countries Investing in South Florida 
    The countries of origin for consumers purchasing properties in Miami-Dade, Broward, Palm Beach and Martin counties are: 

    1.    Venezuela (15 percent of South Florida foreign purchases) 
    2.    Argentina (11 percent) 
    3.    Brazil and Colombia (10 percent each) 
    4.    Canada (6 percent) 
    5.    Mexico, France & Peru (4 percent each)

    The top tier countries of origin — Venezuela, Argentina, Brazil, Colombia, Canada, Mexico, France and Peru — account for 64 percent of total South Florida international closed sales.

    By dollar volume, Venezuela, Brazil, Argentina, Canada and Colombia accounted for nearly half of the $6.2 billion of South Florida international home sales in 2016. Venezuelan and Brazilian buyers topped the list with $868 million and $861 million in sales volume, respectively.

    The top tier of countries continues with each at 3 percent of international sales: 
    ● Italy 
    ● Ecuador 
    ● China 
    ● Dominican Republic 
    ● United Kingdom

    Next tier countries of origin are: Spain, Germany, Australia, Honduras, South Korea, Russia, India, Costa Rica, Japan, Malaysia, Chile, Panama, Nicaragua and Portugal.

    Top Countries by County 
    The top countries of origin for consumers purchasing properties in Miami-Dade are: 

    1.    Venezuela (17 percent) 
    2.    Brazil (15 percent) 
    3.    Argentina (14 percent 
    4.    Colombia (8 percent) 
    5.    Italy, Mexico & Canada (4 percent each)

    Other top countries include Canada, France, China, the Dominican Republic and Peru.
    The top countries of origin for consumers buying real estate in Broward County are: 

    1.    Venezuela (18 percent) 
    2.    Colombia (17 percent) 
    3.    Canada (13 percent) 
    4.    Argentina (12 percent) 
    5.    Brazil (10 percent)

    The top countries of origin for consumers buying real estate in Palm Beach County are: 

    1.    Canada (30 percent) 
    2.    Venezuela (9 percent) 
    3.    Brazil, Germany & Italy (7 percent each) 
    4.    Argentina, Colombia, Ireland & Russia (4 percent each)

    The top countries of origin for consumers buying real estate in Martin County are: 

    1.    Canada (21 percent) 
    2.    Australia & Brazil (13 percent) 
    3.    Germany & Venezuela (8 percent each)

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  • Russia is Again Top International Country Searching Miami Real Estate Miami is Second Most-Searched U.S. Market Globally

    by | Mar 22, 2017
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    Russia is the most-active country searching Miami real estate for the second consecutive month, according to new data from the MIAMI Association of REALTORS® (MIAMI). Russia registered the most South Florida property searches among all countries on MIAMI’s portal, www.Miamire.com, in December 2016. Colombia and Venezuela finished second and third, respectively.

    “Russia is part of an increasingly diverse group of countries that are purchasing Miami real estate,” said Christopher Zoller, the 2017 MIAMI chairman of the board.

    The Miami city of Sunny Isles Beach, for instance, has a large Russian population and is known as “Little Moscow” for its propensity of Russian-owned delis, restaurants, beauty spas, supermarkets and real estate companies. About 7.4 percent of Sunny Isles residents list Russian as their first language, according to the U.S. Census.

    Some investors see President-Elect Donald Trump’s election in November as a sign that relations between Russia and the U.S. may soon improve. The number of Russians who have expressed interest in buying luxury properties in the United States has increased by 35 percent over the previous year after Trump’s victory, according to global real estate consultancy Knight Frank.

    Indian Consumers Searching Miami Real Estate
    India finished with the sixth-most web searches for Miami real estate in December 2016. The ranking comes on the heels of its third place finish in October.

    The top-10 countries visiting Miamire.com in December 2016:
    1.    Russia           
    2.    Colombia           
    3.    Venezuela
    4.    Brazil          
    5.    Argentina              
    6.    India              
    7.    Canada
    8.    Philippines
    9.    Spain   
    10.  Italy

    The top-10 countries visiting Miamire.com in December 2015:
    1.    Colombia           
    2.    Brazil              
    3.    Venezuela
    4.    Argentina               
    5.  Philippines                     
    6.   India        
    7.   Spain
    8.    Canada         
    9.    France
    10.  Puerto Rico
                      
    South Florida is the Second-Most Searched U.S. Market by International Consumers
    Miami-Fort Lauderdale-West Palm Beach finished as the second-most searched U.S. market for international consumers in December, according to Realtor.com. Miami has ranked No. 1 in 11 of the last 13 months.

    The top-10 U.S. markets for international real estate demand:

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

    South Florida ranked as a top-five market for consumers in eight of the world’s ten-largest regions in December 2016. South Florida finished as the most-searched market in South America, Southern Europe, the Caribbean and Western Asia.

    ● North America:
    1. New York-Newark et al, NY-NJ-PA;
    2. Chicago et al, IL-IN-WI;
    3. Miami-Fort Lauderdale-West Palm Beach, FL;
    4. Dallas-Fort Worth-Arlington, TX;
    5. Philadelphia et al, PA-NJ-DE-MD

    ● South America:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Orlando-Kissimmee-Sanford, FL;
    3. New York-Newark et al, NY-NJ-PA;
    4. Los Angeles-Long Beach et al, CA;
    5. Tampa-St. Petersburg et al, FL

    ● Northern Europe:
    1. Los Angeles-Long Beach et al, CA;
    2. New York-Newark et al, NY-NJ-PA;
    3. Appleton, WI;
    4. Miami-Fort Lauderdale-West Palm Beach, FL;
    5. Orlando-Kissimmee-Sanford, FL

    ● Australia and New Zealand:
    1. Los Angeles-Long Beach et al, CA;
    2. New York-Newark et al, NY-NJ-PA;
    3. Appleton, WI;
    4. Dallas-Fort Worth-Arlington, TX;
    5. Atlanta-Sandy Springs et al, GA

    ● Western Europe:
    1. Los Angeles-Long Beach et al, CA;
    2. Miami-Fort Lauderdale-West Palm Beach, FL;
    3. New York-Newark et al, NY-NJ-PA;
    4. Appleton, WI;
    5. Washington et al, DC-VA-MD-WV

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

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

    ● Eastern Asia:
    1. Los Angeles-Long Beach et al, CA;
    2. New York-Newark et al, NY-NJ-PA;
    3. Washington et al, DC-VA-MD-WV;
    4. Philadelphia et al, PA-NJ-DE-MD;
    5. Dallas-Fort Worth-Arlington, TX

    ● Western Asia:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. New York-Newark et al, NY-NJ-PA;
    3. Los Angeles-Long Beach et al, CA;
    4. Chicago et al, IL-IN-WI;
    5. Dallas-Fort Worth-Arlington, TX

    ● Eastern Europe:
    1. Los Angeles-Long Beach et al, CA;
    2. Miami-Fort Lauderdale-West Palm Beach, FL;
    3. New York-Newark et al, NY-NJ-PA;
    4. Chicago et al, IL-IN-WI;
    5. Washington et al, DC-VA-MD-WV

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