Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • MIAMI Realtors Sign Four International Agreements at Miami International Congress

    Jan 07, 2019
    The MIAMI Association of Realtors (MIAMI) signed four international collaboration agreements during its recent Miami International Congress. MIAMI now has 204 international partners. These alliances create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy. The bilateral agreements also provide resources, visibility and connections for MIAMI’s international partners.
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  • MIAMI Realtors Partners to Host Miami Shores Plaza 98 Monthly Events

    Dec 26, 2018
    The MIAMI Association of Realtors (MIAMI) is partnering to host free monthly community events from 5-8 p.m. on Jan. 12, Feb. 9, March 9 and April 13 at Miami Shores’ new community destination, Plaza 98, at 9802 NE 2nd Ave. The events are open to all ages and feature family entertainment and games and food and drink for purchase.
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  • Palm Beach County Condominium Sales Continue Rising in November

    Dec 19, 2018
    Palm Beach County condominium sales have now increased in 12 of the last 13 months after another strong November of condo sales, according to a new report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Broward Condo Sales Rise for Eighth Consecutive Month

    Dec 19, 2018
    Broward County existing condominium sales increased for the eighth consecutive month in November as total Broward home sales increased 4.3 percent year-over-year, according to a new report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Real Estate Posts Fifth Consecutive Month of Rising Home Sales

    Dec 19, 2018
    Total Miami-Dade County home sales increased 7 percent year-over-year in November, marking the market’s fifth consecutive month of year-over-year transaction gains, according to a new report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI Realtors Signs 15 New Collaboration Agreements with AMPI Chapters in Mexico

    Dec 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is honored to have recently signed 15 new international collaboration agreements with local chapters of AMPI, the Mexican Association of Real Estate Professionals, at the 2018 AMPI National Real Estate Congress in Oaxaca, Mexico.
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  • South Florida’s Biggest Open House Weekend Set for December 8-9

    Dec 07, 2018
    The MIAMI Association of REALTORS® (MIAMI) is organizing South Florida’s biggest open house weekend of the year for December 8-9. MIAMI expects more than 2,000 properties at every price range to host open houses in Miami-Dade, Broward, Palm Beach and Martin counties. More than $1 billion in houses and condos are participating.
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  • Palm Beach County Home Sales Register Robust October

    Nov 21, 2018
    Total Palm Beach County home sales increased 17.1 percent year-over-year in October as median prices and dollar volume rose for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Broward Existing Condo Sales Continue Upward Trend, Surge 20 Percent in October

    Nov 21, 2018
    Broward County existing condominium sales increased for the seventh consecutive month in October, this time rising 20 percent year-over-year, as total Broward County home sales surged 15.1 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Real Estate Posts Fourth Consecutive Month of Rising Home Sales

    Nov 21, 2018
    Total Miami-Dade County home sales surged 14.7 percent year-over-year in October, marking the market’s fourth consecutive month of year-over-year home transaction gains, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI Realtors Partners with FIABCI-Arabic Countries

    Nov 21, 2018
    The MIAMI Association of REALTORS® (MIAMI) recently signed an international collaboration agreement with FIABCI-Arabic Countries during FIABCI World President -Elect and FIABCI-Arabic Countries President Walid Moussa’s visit to Miami, increasing MIAMI’s international partners to 180 (the most of any U.S. Realtor association). The alliance will create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy. FIABCI-Arabic Countries includes United Arab Emirates, Lebanon, Bahrein, Tunisia, Saudi Arabia, and Kuwait.
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  • MIAMI Realtors and Turkey Federation Sign International Partnership

    Nov 21, 2018
    The MIAMI Association of REALTORS® (MIAMI) signed an international honorary reciprocal agreement with Türkiye Tüm Emlak Müşavirleri Federasyonu (TEMFED) at the 24th Annual Miami International Real Estate Congress in Coral Gables, increasing MIAMI’s international partners to 179 (the most of any U.S. Realtor association). The alliance will create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy.
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  • Total Palm Beach Home Sales Increase in 3Q 2018

    Nov 07, 2018
    Total Palm Beach County home sales increased 7.4 percent in 3Q 2018 as median prices for all properties rose, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Total Broward Home Sales Increase in 3Q 2018

    Nov 07, 2018
    Total Broward County home sales increased 5.9 percent in 3Q 2018 as median prices for all properties rose, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Total Miami Home Sales Jump in 3Q 2018

    Nov 05, 2018
    Total Miami-Dade County home sales surged 15.2 percent in 3Q 2018 as median prices for all properties rose for the 27th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI International Real Estate Congress to Feature Delegates from 12 Countries

    Oct 22, 2018
    Delegates from 12 foreign countries will participate in the 24th annual MIAMI Association of REALTORS® (MIAMI) International Real Estate Congress on Oct. 28-30 at the Biltmore Hotel. More than 300 real estate professionals will attend the prestigious event, which will feature 20 industry speakers, numerous panels and marketing sessions.
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  • Total Miami Home Sales Surge a Year after Hurricane Irma

    Oct 19, 2018
    Total Miami-Dade County home sales surged 35.7 percent last month a year after Hurricane Irma brought minimal damage and stalled hundreds of sales in September 2017, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI Commercial & Expo to Explore Industry Trends and Opportunities

    Oct 17, 2018
    The MIAMI Association of Realtors Commercial (MIAMI Commercial) will present its 18th annual Commercial Conference & Expo on Friday, Oct. 19 at the Biltmore Hotel in Coral Gables. Five panels and sessions with more than 15 speakers will analyze the latest trends and opportunities in the South Florida commercial real estate market.
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  • MIAMI Realtors to Showcase South Florida Real Estate at Paris Expo

    Oct 11, 2018
    The MIAMI Association of REALTORS® (MIAMI) along with partner association FNAIM Gran Paris will again promote South Florida’s lifestyle and real estate market at one of France’s largest property showcases, Salon National de L’Immobilier, on Oct. 12-14 in Paris. MIAMI will make several South Florida market presentations at the expo, which is expected to attract 7,000 visitors and 70 exhibitors.
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  • Delegates from Six Countries Confirmed for MIAMI International Real Estate Congress

    Oct 10, 2018
    Delegates from six foreign countries have confirmed their participation for the 24th annual MIAMI Association of REALTORS® (MIAMI) International Real Estate Congress on Oct. 28-30 at the Biltmore Hotel. MIAMI will announce more participating countries soon as it prepares to host the international real estate event of the year, attended by more than 300 real estate professionals.
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Brazilian Buyers a Top Market for South Florida Real Estate

by | Feb 17, 2016

Print Version

Brazilian consumers bought the second-most South Florida real estate among foreign countries last year. The South American country registered 12 percent of South Florida foreign sales last year, according to the 2015 Profile of International Home Buyers in MIAMI Association of REALTORS® Business Areas. The National Association of REALTORS® (NAR) conducts the annual profile for MIAMI.

Miami's multicultural and multilingual population, tropical climate, global business center, and worldclass amenities are some reasons why Brazilians are buying properties, developing land, and relocating their families here.

South Florida's top international buyers in 2015:

Country | Percentage of South Florida foreign sales
1. Venezuela 13%
2. Brazil 12%
3. Argentina 10%
3. Colombia 10%
4. Canada 7%
5. Mexico 5%
6. France 4%
6. Italy 4%

Brazilians Spend the Most on South Florida Property Brazilians lead all international foreign countries in average purchase price: $766,000 average sale price compared to $245,000 among all buyers in Florida.

Country | Avg. Purchase Price for South Florida Real Estate
1. Brazil $766,000
2. Colombia $516,000
2. Argentina $516,000
3. Canada $510,000
4. Venezuela $488,000

Brazilians preferred Miami-Dade County over Broward, according to the 2015 Profile of International Home Buyers in MIAMI Association of REALTORS® Business Areas. Brazilians purchased 14 percent of international Miami-Dade property transactions, second only to Venezuela's 26-percent share. In Broward County, Brazilians purchased 6 percent of all international transactions. Canada and Venezuela (both at 16 percent) had the most foreign purchases in Broward.

All-Cash Buyers
About 75 percent of all Brazilian buyers pay allcash for South Florida real estate. That ranks third among all international South Florida buyers. Canada (86 percent) has the highest percentage. Argentina (80 percent is second.

About 75 percent of international buyers in Miami and Broward Counties paid all-cash.

Brazilians Mostly Buy for Vacation Reasons
Most Brazilian buyers intend to use their South Florida properties for vacation. About 37 percent of South Florida Brazilian buyers said they desired real estate to buy a vacation home. About 23 percent said they wanted a residential rental, 21 percent wanted both a vacation and rental property, 10 percent were looking for a primary residence/ retirement, 4 percent wanted a commercial rental and the remaining 5 percent listed other reasons.

Brazilians prefer to buy in central city/urban locations. About 80 percent of Brazilians purchased South Florida property in central city/urban locations, 11 percent in suburban and 9 percent in resort locations.

About 62 percent of Brazilians bought condominiums; 25 percent single-family homes; 7 percent townhouse; 3 percent commercial and 4 percent land.

Most Brazilians use South Florida property for up to six months. About 73 percent of Brazilian buyers listed up to six months; 11 percent didn't give a reason.

Brazilians Lead All Global Consumers Searching South Florida Real Estate
The South American nation of 200 million residents finished as the top international country using MIAMI's search portal, www.Miamire.com, in November 2015. Brazil has now ranked as the top foreign nation using http://www.miamirealtors.com in 17 of the last 18 months. The last time Brazil didn't rank first was July 2015 when Colombia took top honors.

Safe Place to Invest
Like most South Florida international buyers, Brazilians view Miami as a safe, secure place to invest their money. Miami offers physical, legal, and economic security to many international buyers. As one of America's most dynamic real estate markets, South Florida has seen consistent real estate price appreciation during most years in past decades.

Miami Welcomes All Cultures
Brazilians also enjoy South Florida's unique multilingual, multicultural population. Miami is the most international city in the U.S. About 51.3 percent of Miami residents are foreign born, according to the U.S. Census. Miami's concentration of foreignborn residents is more than double the national average of 19.4 percent.

Miami's diversity is best seen in the public school system. Students at Miami-Dade County Public Schools speak 56 different languages and represent over 160 countries.

A growing number of Miami restaurants, nightclubs, and retail stores cater to international natives. Brazilians moving to South Florida, for instance, can view Brazilian TV channels in their homes, shop at Brazilian supermarkets, and eat their favorite foods from home.

World-Class Amenities
A global city with world-class amenities like the Pérez Art Museum Miami and the Adrienne Arsht Center for the Performing Arts in downtown Miami, South Florida offers international and domestic buyers a unique place to live, work, and play.

Direct Flights
Miami International Airport (MIA) offers nonstop flights to more than 150 cities, including 98 international destinations. Fort Lauderdale- Hollywood International Airport (FLL) offers nonstop flights to more than 150 cities, including 50 foreign stops.

Boosting the Market
Miami's growing number of international home buyers have provided immensurable benefits to the region and its residents. The buyers have enriched Miami's culture, helped turn our region into a year-round destination, inspired commercial and residential development, and helped lure some of the world's top entrepreneurs and international businesses.

Latin American banks, for instance, have proliferated in Miami as they follow their customers here. 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. More than 600 Miami companies maintain Latin American headquarters.

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