Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

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    Miami luxury single-family home sales posted double-digit gains as median prices for all properties continued rising in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
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    South Florida industrial real estate prices increased 11.4 percent year-over-year in the 4Q 2017 and the Miami-Dade, Broward and Palm Beach tri-county region posted its second highest industrial transaction volume for the year,
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  • Patricia Anglero Elected 2018 Broward President of the MIAMI Realtors

    Apr 07, 2018
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  • MIAMI REALTORS Commercial Partners with Research and Data Firm Vizzda to Provide South Florida Commercial Statistics Reports

    Apr 05, 2018
    MIAMI Association of Realtors Commercial (MIAMI Commercial) has formed a strategic alliance with Vizzda (Visual Data) to provide The Quarterly Report – South Florida Commercial Real Estate, which will offer comprehensive commercial research and statistics to MIAMI’s 46,000 members and the consumers they serve.
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  • MIAMI Realtors Commercial Association Rebrands as MIAMI Commercial

    Apr 05, 2018
    The MIAMI Association of REALTORS® (MIAMI) has rebranded its commercial real estate organization, to MIAMI Commercial. MIAMI Commercial’s new name and logo is part of MIAMI’s successful expansion of the commercial reach of the Miami Association of Realtors that enhances the 25-year-old organization, which was formerly the Realtors Commercial Alliance MIAMI (RCA MIAMI).
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  • Miami Condo, Luxury Home Sales Rise in February  

    Mar 21, 2018
    Miami existing condominium and total luxury home sales increased in February, 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 Expands Presence of South Florida Real Estate at Global Expo

    Mar 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) has increased its presence by 400 percent at the world’s largest commercial real estate conference, MIPIM. MIAMI Realtors will have exhibits promoting South Florida at MIPIM from March 13-16 in Cannes, France as part of the National Association of REALTORS® (NAR) expanded U.S. pavilion. This year, MIAMI has significantly expanded the U.S. and MIAMI/South Florida presence by adding its own adjacent exhibit space.
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  • Colombia Leads Countries Looking for Miami Homes in January

    Mar 13, 2018
    Colombian consumers registered the most international web searches for Miami homes in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to January data.
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  • Urgent Legal Alert from Florida REALTORS General Counsel

    Mar 06, 2018
    Recently, Florida Realtors became aware of several lawsuits filed against real estate brokers in Miami Dade and Broward counties concerning allegations of discriminatory advertising—a violation of fair housing laws. Specifically, brokers are being sued for discriminating against tenants with Section 8 vouchers. These violations, however, pertain to local ordinances, not the Federal Fair Housing Act. Under these local ordinances, landlords and Realtors are precluded from discriminating against tenants with Section 8 vouchers, as this falls under the protected class "source of income."
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  • Miami Condo, Single-Family Home Sales Jump in January

    Feb 22, 2018
    Miami existing condominium and single-family home sales rose in January as $1 million-and-up luxury transactions jumped 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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  • Colombia Tops Countries Looking for Miami Homes

    Feb 20, 2018
    Colombian consumers posted the most web searches among foreign countries for Miami homes in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida finished as the most-searched U.S. market by international consumers and is a top-five market for consumers in the world’s six largest regions, according to December data.
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  • Miami Single-Family Homes Post Fifth Biggest Sales Year in History

    Feb 13, 2018
    Miami recorded the fifth-most annual single-family home sales in county history in 2017 as total dollar volume and median prices rose at year-end and in 4Q 2017, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • MIAMI Realtors Releases New 2017 South Florida International Real Estate Report

    Feb 08, 2018
    Foreign home buyers spent more on South Florida homes and purchased more local residential properties in 2017 than the year before, according to the new 2017 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members conducted by MIAMI and the National Association of Realtors (NAR).
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  • Jorge L. Guerra Jr. Elected 2018 MIAMI Realtors Residential President

    Feb 06, 2018
    The nation’s largest local Realtor association has elected Miami broker Jorge L. Guerra Jr. as its 2018 Residential President. He and the entire Board of Directors were installed Feb. 2 at the MIAMI Association of REALTORS® (MIAMI) 2018 Inaugural and Awards Celebration.
    Full story
  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 06, 2018
    he MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today. “From educator of the year to humanitarian of the year to public policy advocates, the MIAMI Awards honors individuals and groups that made the real estate industry and all of South Florida a better place,” MIAMI CEO Teresa King Kinney said.
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  • Miami Native Brian Sharpe to Lead MIAMI Commercial Realtors

    Feb 06, 2018
    The Realtors Commercial Alliance of the MIAMI Association of REALTORS® (MIAMI) has elected Miami native Brian Sharpe as its 2018 president. He and the 2018 RCA Board of Governors were installed Feb. 2 at MIAMI’s 2018 Inaugural and Awards Celebration.
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  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 02, 2018
    The MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today.
    Full story
  • George C. Jalil Elected to Lead Nation’s Largest Local Realtor Association

    Feb 01, 2018
    The MIAMI Association of REALTORS® (MIAMI) has elected Miami Broker George C. Jalil, RAA, TRC as its 2018 chairman of the board. He and the 2018 MIAMI leadership boards will be installed Feb. 2 at MIAMI’s 2018 Inaugural and Awards Celebration.
    Full story
  • Luxury Miami Home Sales Surge in December

    Jan 24, 2018
    Luxury Miami home sales posted double-digit gains and existing condominium transactions surged year-over-year in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales increased 6.5 percent year-over-year in December, while single-family transactions stayed effectively even (down 0.7 percent).
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  • MIAMI Realtors Partners to Create Miami Shores’ New Community Destination

    Jan 12, 2018
    The MIAMI Association of REALTORS® (MIAMI) is partnering with several entities to host Party in the Plaza from 5-9 p.m. Saturday, Jan. 13 to celebrate Miami Shores' new pedestrian-friendly space, Plaza 98, at 9802 NE 2nd Ave. MIAMI, sponsors and volunteers recently painted 10 multi-colored, intersecting pineapples on Plaza 98's asphalt to create a new Downtown Miami Shores destination for community gatherings. All ages are welcome for Saturday’s free event
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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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