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 Real Estate in India

    by | Oct 12, 2016

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    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida at India’s largest real estate event, NAR-INDIA, to advance the growing trend of local Indian buyers and investors.

    MIAMI met and provided printed reference materials with important South Florida market facts to top Indian and global brokers at the 8th annual event held Aug. 13-14 in New Delhi.

    MIAMI also participated in a FIABCI India program in Bangalore, the center of India’s high- tech industry, from Aug. 15-16. FIABCI is the International Real Estate Federation that helps real estate professionals conduct international business with each other.

    “India is one of the fastest growing economies in the world and ranks among the largest foreign buyers of U.S. real estate,” MIAMI CEO Teresa King Kinney said. “Indian home buyers and investors are increasingly purchasing Miami real estate because of our growing job base, robust technological hub, diversity and world-class educational opportunities.”

    Indian Investment in U.S. Real Estate
    India is the third-largest foreign buyer of United States residential real estate, according to the 2016 Profile of International Activity in U.S. Residential Real Estate conducted by the National Association of REALTORS® (NAR). India spent $6.1 billion in 2016, which trailed only China ($27.3 billion) and Canada ($8.9 billion).

    Florida had the largest share of international sales (22 percent) in the United States. An impressive 50 percent of all foreign transactions in Florida take place in Miami-Dade and Broward counties. Indian buyers are not concentrated in one American state, the study found. Most Indian buyers purchased properties to use as a primary residence where they most likely found jobs and many also invest in commercial and investment properties.

    Miami’s Growing Indian Community
    South Florida has long been one of America’s top regions for international home buyers, and Indian consumers are becoming a larger part of it.

    Asian Indians are the second largest nationality within the Miami Asian population (Chinese rank first with almost 13,000 residents). Asian Indians (9,512 residents) account for 23.2 percent of the total Miami Asian population, according to 2010- 2014 U.S. Census Bureau data.

    Miami has added local Indian restaurants and the demographic has increased its representation at local universities. The student population at the University of Miami, which is ranked among the top 45 colleges in America by U.S. News & World Report, is 5.6 percent Asian. UM offers a semester abroad for students in Manipal, India.

    India’s interest in South Florida is also evident in foreign property searches on www.Miamire. com, MIAMI international search portal. India has ranked among the top-10 international countries searching for Miami real estate for the past 34 months.

    The last time India didn’t finish among the top searchers was September 2013. India had the ninth-most web searches of Miami real estate in July 2016, according to the most available data. India had its highest finish in February 2014, when it had the fourth-most web searches.

    NAR-INDIA and FIABCI India Bangalore Program The 8th annual NAR-INDIA convention, held Aug. 13-14 in New Delhi, had quality programming, educational sessions and networking opportunities. NAR-INDIA, an independent body formed seven years ago, represents 28 member associations and more than 20,000 brokers in India.

    The FIABCI program, held Aug. 15-16 in Bangalore, attracted Realtors and stakeholders from 24 countries. Developers and Realtors visited tech parks and residential and commercial complexes.

    Participating at NAR-INDIA and the FIABCI program in Bangalore is part of MIAMI’s increased efforts to promote South Florida around the globe. In 2016, MIAMI has participated and/or exhibited and presented at MIPIM in France, FIABCI World Congress in Panama, Gran Salon Inmobiliario in Colombia, China North America Global Summit in China and NAR-India in India. This fall, MIAMI presented to top brokers at FIABCI France. It will exhibit at the Salon National de l’Immobilier in Paris and InmoExpo in El Salvador.

    Growing Tech Industry
    India’s home buyers and investors are purchasing Miami real estate because of the region’s growth in technology companies.

    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.

    Miami’s annual eMerge Americas, a large-scale technology conference, is growing each year. It focuses on connecting revolutionary startups, cutting-edge ideas, and global industry leaders and investors across North America, Europe, and Latin America.

    The recent growth in Miami technological businesses is becoming represented in national studies. South Florida has grown faster than all other top metro areas in immigrant tech entrepreneurship, according to a recent report by Ewing Marion Kauffman Foundation. The foundation’s research also shows immigrant- owned businesses are more likely to locate in ethnically diverse metro areas that have high foreign-born populations like South Florida.

    Miami and Fort Lauderdale have the No. 1 and No. 3 highest rates of foreign born high-tech entrepreneurs -- 37.4 and 25.8 per 10,000 workers respectively, compared to, for example, tech hubs like San Francisco, 21.5, New York, 15.8 and Austin, 9.8, the report showed.

    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.

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  • Miami’s Top-Rated Hospitals Attracting New Residents

    by | Oct 05, 2016

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    Patients from all over the globe come to Miami because Miami offers top-rated hospitals, nationally-regarded physicians, a multilingual community and a growing health information technology hub.

    Miami, which is home to the second largest health district in the United States, has significantly improved and added to its health facilities in recent years. More additions are coming such as the under-construction Lennar Foundation Medical Center— an ambulatory center on the University of Miami’s Coral Gables campus— and the Baptist Health Miami Cancer Institute.

    When it opens in 2017, the Baptist Miami Cancer Institute will be one of only a few in the nation to offer proton therapy, an advanced treatment that beams radiation directly to tumors.

    These additions are not only growing one of America’s largest healthcare hubs, but they are attracting more jobs, diversifying the local economy, reinvigorating local medical tourism, launching new healthcare startups and encouraging more residents to relocate here.

    When a region offers state-of-the art healthcare, people from all over the world want to travel there for treatment. Because of its multicultural, multilingual population, Miami’s physicians and health facilities are ready to treat the world. South Florida’s proximity to Latin America, top-rated medical institutions, world-class spa resorts, beautiful parks and all-year sunny weather makes it the perfect place for treatment, recovery and relocation.

    Miami’s Growing Health District
    Miami is home to the second largest health district in the United States after Houston. Miami has three globally recognized research universities (the University of Miami, Florida International University and Barry University), eight hospital facilities, 33,000-plus beds, a fast-growing life sciences hub and more than a dozen research institutes.
    Baptist Health South Florida is the region’s largest not-for-profit health care organizations. Baptist manages seven hospitals in Greater Miami: Baptist Hospital of Miami, Baptist Children’s Hospital, Baptist Cardiac & Vascular Institute, South Miami Hospital, Homestead Hospital and West Kendall Baptist Hospital.

    Baptist, which originally opened with its original Kendall campus, has experienced remarkable expansion in recent years. Baptist now offers hospitals in Coral Gables, Homestead, Tavernier, South Miami, and West Kendall. It also has more than 30 outpatient and urgent care facilities throughout South Florida.

    Baptist’s International Center of Miami is one of the largest hospital-based international programs in the country, featuring multilingual staff trained to personally assist patients with medical and travel needs. Annually, Baptist Health System sees more than 12,000 international patients from 100 different countries, not including those seen through telehealth technologies.

    Other top-tier Miami health care organizations include Mercy Hospital, Mount Sinai Medical Center, Jackson Memorial Hospital and the University of Miami Health System. The latter is home to the Sylvester Comprehensive Cancer Center, which is one of only four in the state to earn a state-designated Cancer Centers of Excellence program, and the only center of excellence in South Florida.

    Miami’s healthcare offerings extend beyond county lines. Broward and Palm Beach counties also have top-rated health facilities, budding medical device firms and fast-growing life science research companies.

    The highly-regarded Scripps Research Institute, a private non-profit research organization engaged in basic biomedical science opened a facility in Jupiter in Palm Beach. Stryker Mako, which has a cutting-edge robotic arm-assisted technology for knee procedures, has an office in Broward.

    Miami’s Top-Rated Hospitals
    Miami’s hospitals regularly receive top national, regional and state awards.

    Miami Children’s Hospital is South Florida’s only licensed specialty hospital exclusively for children. The 289-bed hospital is regularly ranked among the best children’s hospitals in the nation. The hospital has 40 pediatric subspecialties within its main campus.

    Four Baptist facilities ranked among the best regional hospitals on the latest U.S. News & World Report’s “Best Hospital” rankings. Jackson’s Holtz Children’s Hospital registered among the top children’s hospitals in the nation, according to the same report.

    UHealth’s Bascom Palmer Eye Institute has ranked as the No. 1 eye hospital in the nation for 15 consecutive years.

    Miami’s Expanding Health IT Hub
    While still young in its maturation, Miami’s health information technology hub has seen significant growth in recent years.

    Miami’s multicultural, multilingual community as well as its natural attributes (all-year sunny weather and centralized location between Latin America and the eastern U.S. seaboard) has attracted many entrepreneurs and innovators.

    Startupbootcamp, for instance, chose Miami for its first U.S program. Startupbootcamp is Europe’s largest business accelerator operating in eight countries. It received $2 million from the John S. and James L. Knight Foundation to open in Miami. Startupbootcamp’s goal is to support and scale Miami digital health startups.

    Using Miami’s position as a top-rated healthcare and talent hub, Startupbootcamp plans to bring 10 companies a year to Miami for the next three years and support them with its six-month acceleration program.

    Other companies have launched at the University of Miami Life Science and Technology Park, a 252,000-square-foot building in the Miami Health District that houses research organizations.

    Medical Tourism’s Impact
    The aforementioned expansion of Miami health facilities means more local options, better treatment and a more significant medical tourism field. As the Gateway to the Americas, Miami is seeing more patients use the region’s top-rate medical institutions and then decide to stay.

    The growth in healthcare facilities is also a boon to the local economy as more jobs and industries are added to one of America’s most dynamic cities.

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