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Brazil Tops All Global Consumers Searching South Florida Real Estate in June 2015 Interest Grows from Russia, Ukraine

by | Sep 09, 2015

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South America's most populous country continues to lead all global consumers searching for South Florida real estate on the MIAMI Association of REALTORS® (MIAMI) website. For the 13th consecutive month, Brazil led all international consumers using MIAMI's search portal, Miamire.com, in June 2015.

Brazil, a nation of 200 million residents, has been the top foreign country searching Miamire.com in 16 of the last 19 months. The last time Brazilian consumers didn't finish with the most web hits was May 2014 when Colombia took first. In June 2015, Colombia finished with the second-most visits followed by Canada, Venezuela, Russia and Ukraine. Russia's ranking was its highest finish since it took third in Jan. 2015, and Ukraine had never finished in the top-10.

"Brazil perennially ranks among the top international markets purchasing Miami real estate," said Christopher Zoller, a 27-year Miami-based Realtor and the 2015 Residential President of MIAMI. "Brazilians not only love Miami's shopping, restaurants, and beaches, but they love Miami's diversity and are totally at home here. Miami, which has thousands of Brazilians living here, is America's most international city with 51 percent of residents born in foreign countries."

Brazil: A Top Market for South Florida Real Estate
In 2014, Brazilians registered 11 percent of all South Florida international real estate deals, according to a report conducted by the National Association of Realtors for MIAMI. Brazil had the third-most property transactions in Miami and Broward Counties among all global consumers last year, trailing only Venezuela (16 percent) and Argentina (12 percent).

Brazilians moving to South Florida are often upper-middle-class families who want to enjoy their prosperity earned in their homeland as professionals and entrepreneurs. Brazilians spend the most on South Florida properties among foreign consumers, paying an average of $495,000. On average, Miami's international buyers paid $444,000 per purchase, compared to $245,000 statewide.

Interest from Russian, Ukrainian Consumers Rises
The top-four countries searching Miamire.com —Brazil, Colombia, Canada, and Venezuela — remained unchanged from May 2015. June, however, saw growing interest from Russia and Ukraine. Russia, which finished with the seventh-most searches in May, rose to No. 5. Ukraine, an eastern European country bordering Russia, had never finished among the top-10 searches on Miamire.com.

The top-10 countries visiting Miamire.com in June 2015:

  1. Brazil
  2. Colombia
  3. Canada
  4. Venezuela
  5. Russia
  6. Ukraine
  7. Argentina
  8. India
  9. France
  10. Italy

The top-10 countries visiting Miamire.com in June 2014:

  1. Brazil
  2. Venezuela
  3. Argentina
  4. Canada
  5. Colombia
  6. India
  7. Italy
  8. France
  9. Mexico
  10. Germany

Top U.S. Markets for Miami
One of the world's top global cities, Miami is also a top choice for American real estate consumers. The top-10 states searching Miamire.com in June:

2015:

  1. California
  2. Texas
  3. New York
  4. Georgia
  5. Tennessee
  6. Illinois
  7. Alabama
  8. Louisiana
  9. Nevada
  10. New Jersey

2014:

  1. California
  2. Texas
  3. Georgia
  4. New York
  5. Illinois
  6. Virginia
  7. North Carolina
  8. Pennsylvania
  9. Tennessee
  10. Michigan

Miami Top Market for U.S. and Foreign Consumers
Nationally, Miami is consistently one of the top markets for foreign countries searching for American real estate. In June 2015, Miami ranked as a top-five market for five of 10 foreign nations searching on Realtor.com® and Realtor.com® International. The top countries (outside the U.S.) where global consumers were most engaged in June 2015 and the top cities they searched were:

  1. *Canada: New York, Los Angeles, Las Vegas, Orlando, Fort Lauderdale
  2. United Kingdom: Los Angeles, New York, Orlando, Kissimmee, Davenport (FL)
  3. Australia: New York, Los Angeles, Las Vegas, San Francisco, Orlando
  4. *Brazil: Orlando, Miami, New York, Los Angeles, Kissimmee
  5. *Germany: Los Angeles, New York, Miami, San Antonio, Las Vegas
  6. Mexico: San Diego, San Antonio, El Paso, Laredo, Los Angeles
  7. India: New York, Los Angeles, Chicago, San Jose, Las Vegas
  8. *France: Miami, Los Angeles, New York, Miami Beach, San Francisco
  9. *Italy: New York, Miami, Los Angeles, Miami Beach, San Francisco
  10. South Korea: Los Angeles, New York, Irvine, Las Vegas, San Antonio
    *Countries with Miami or Fort Lauderdale in their top-five searched markets

In June 2015, Miami ranked third among the top-10 overall most searched U.S. cities by non-U.S. consumers. Fort Lauderdale ranked sixth. Combining Miami and Fort Lauderdale would have likely increased South Florida's ranking.

Top 10 U.S. Cities Searched by International Consumers for June 2015:

  1. New York, NY
  2. Los Angeles, CA
  3. Miami
  4. Orlando, FL
  5. Las Vegas, NV
  6. Ft. Lauderdale
  7. San Francisco, CA
  8. Houston, TX
  9. San Diego, CA
  10. Chicago, IL

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