Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • 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.
    Full story
  • 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.
    Full story
  • 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.
    Full story
  • Total Miami Home Sales Jump Double Digits in August 2018

    Sep 20, 2018
    Total Miami-Dade County home sales surged 13.3 percent year-over-year in August with single-family homes and condominium markets posting double-digit gains as total luxury sales, median prices and dollar volume increased, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Colombia Continues to be Top Country Searching for Miami Homes

    Sep 17, 2018
    Colombian consumers registered the most international web searches for Miami homes in June, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 12 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in June 2018. Colombia has led the rankings for seven consecutive months.
    Full story
  • MIAMI Realtors Showcase South Florida Real Estate at Brazilian Convention

    Sep 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida real estate at one of Brazil’s largest real estate events, the Secovi-SP Convention, on Aug. 26-28 in São Paulo. Secovi-SP, Latin America’s largest trade union, was MIAMI’s first of 178 foreign partner associations worldwide.
    Full story
  • JTHS-MIAMI Realtors Raises Money for Palm Beach’s Center for Child Counseling

    Sep 13, 2018
    The Young Professionals Network of the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) donated about $7,560 to the Center for Child Counseling in Palm Beach Gardens from proceeds raised from their annual Battle of Bartenders event.
    Full story
  • South Florida Office Dollar Volume Surges in 2Q 2018

    Sep 04, 2018
    South Florida office dollar volume rose to its highest value in the past three quarters, according to the new 2Q 2018 The Quarterly Report – South Florida Commercial Real Estate released by data firm Vizzda (Visual Data) and the MIAMI Association of Realtors Commercial (MIAMI Commercial).
    Full story
  • Miami Existing Condo Sales Continue Upward Trend in July

    Aug 22, 2018
    Miami-Dade County existing condominium sales increased year-over-year for the fifth time in the last seven months as median prices rose for all properties in July 2018, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Miami Realtors to Exhibit at Colombia’s Largest Real Estate Expo

    Aug 09, 2018
    The MIAMI Association of REALTORS® (MIAMI) will again promote South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, starting today through Sunday, Aug. 12 in Bogotá, Colombia. MIAMI will make a South Florida market presentation at the 13th annual expo, which is expected to attract 30,000 visitors and 200 exhibitors.
    Full story
  • Miami Condominium Sales Rise in 2Q 2018

    Aug 08, 2018
    Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • JTHS-MIAMI Realtors Collect School Supplies for Boys & Girls Clubs of Palm Beach County

    Aug 06, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected $800 worth of school supplies for Boys & Girls Clubs of Palm Beach County children during its annual school supply drive.
    Full story
  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 24, 2018
    Colombian consumers registered the most international web searches for Miami homes in April, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 12.2 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in April 2018. Colombia has led the rankings for five consecutive months.
    Full story
  • Luxury Sales Continue to Rise while Limited Supply in Lower Price Points Results in Fewer Sales, Increased Prices

    Jul 23, 2018
    Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 09, 2018
    Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.
    Full story
  • South Florida Multifamily Transactions, Prices Rise in 1Q

    Jun 26, 2018
    South Florida multifamily real estate transactions jumped 8.5 percent year-over-year in 1Q 2018 and per-unit multifamily prices increased in Miami-Dade, Broward and Palm Beach counties, according to the new 1Q 2018 The Quarterly Report – South Florida Commercial Real Estate
    Full story
  • JTHS-MIAMI Realtors Collect 364 Pounds of Food for Needy Palm Beach Residents

    Jun 25, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 364 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of its annual JTHS-MIAMI’s “Move for Hunger” Food Drive.
    Full story
  • Colombia Leads Countries Looking for Miami Homes in February

    Jun 25, 2018
    Colombian consumers registered the most international web searches for Miami homes in February, 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 February data.
    Full story
  • Miami Luxury Home Sales Jump in May 2018

    Jun 20, 2018
    Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Miami Realtors Join Chapman Partnership to Feed Homeless

    Jun 18, 2018
    Continuing its changing communities initiative, MIAMI Association of Realtors (MIAMI) members and peers again fed dinner to 500 homeless residents on June 14 at the Chapman Partnership’s Downtown Miami Homeless Assistance Center.
    Full story

Growing South American Population Reshaping Miami

by | Aug 10, 2016

Print Version

Miami-based Brazilians willa pull on their yellow No. 10 Neymar jerseys. Local Argentines will sport blue-and-white striped jerseys. Local Colombians will wear yellow, Peruvians red and Venezuelans burgundy. These ethnic groups and more will come together this month at Miami sports bars to watch the 2016 Summer Olympics on TV, and one central theme will be on display: Miami's incredible diversity.

A city once defined by Cubans is now home to a growing South American population that is affluent, well-educated and business oriented.

South Americans' impact on Miami can be seen in the city's changing skyline, booming real estate market, international banks, growing downtown, construction cranes, cultural institutions and more. South Americans have helped Miami become a world-class global city. South Americans have helped diversify Miami's economy, encourage more international visitors and homebuyers, add international businesses and grow its import-export trade.

Miami, often nicknamed the Capital of Latin America, overtook Los Angeles and now has the highest share of business owners who were foreign-born in the United States. Immigrants comprise 39 percent of Miami's population and 45 percent of the city's business owners.

Miami's Growing South American Population
Cubans still comprise Miami's largest ethnic group, representing 34.3 percent of the Miami-Dade County population. But South Americans are rapidly rising. Colombians are Miami's second-largest Hispanic group, comprising 4.6 percent of Miami's population.

The Colombian population in Miami grew 63.7 percent from 2000 to 2010. The Venezuelan Miami population jumped 117 percent during the same time period. Argentina (114.5 percent increase) and Ecuador (87.8 percent) also jumped from 2000 to 2010 (see U.S. Census Bureau statistics below).

Hispanic or Latino Origin, Selected Countries - Percent Change 2000-2010 - Miami-Dade County


The Impact in Miami Real Estate
A wide range of international consumers play a major role in Miami real estate sales.

Foreign real estate buyers accounted for 36 percent or $6.1 billion of total sales volume, according to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Areas, conducted by the 42,000-member MIAMI Association of REALTORS® (MIAMI) and the National Association of Realtors (NAR).

The top-four countries investing in South Florida come from South America.

Top Countries Investing In South Florida

  1. Venezuela
  2. Brazil
  3. Argentina
  4. Colombia
  5. Canada
  6. Mexico
  7. France and Italy

Colombia continues to lead all foreign countries searching for South Florida real estate, according to the MIAMI Association of REALTORS® (MIAMI). The South American nation finished as the top international country using MIAMI's search portal, http://www.miamirealtors.com, in May 2016. Colombia has now led the rankings for six consecutive months.

The Impact in Miami Neighborhoods
The growing South American population in South Florida can be seen, felt and heard in various neighborhoods. Let's consider two: Doral in Miami-Dade County and Weston in Broward County.

Since the election of Hugo Chavez in Venezuela in 1999, Venezuelans have migrated to these two aforementioned cities. Doral, which is one of America's fastest growing cities, is often nicknamed Doralzuela. Doral is 80 percent Hispanic. In 2012, Doral residents elected Venezuelan Luigi Boria as mayor.

Weston in Broward County also has a major Venezuelan population and is often nicknamed Westonzuela. You can easily find arepas and Spanish-language periodicals like "El Venezolano" at gas stations. Weston, one of Broward's newest cities, has become a suburban home for many exiles seeking the American dream. Venezuelans migrated to Weston to be part of the growing Venezuelan countrymen as they recover from their lives being threatened under President Hugo Chavez's leftist populist rule.

The Impact in Miami Banks
Brickell in downtown Miami is another area being impacted by South Americans. International banks have flourished in this area, which is often nicknamed the "Wall Street of the South." As a larger diversification of countries have migrated to Miami, more international banks have followed the Latinos to Miami.

More than 53 banks from North America, Europe and Latin America do business in Brickell. The proliferation of international and domestic banks in this financial district south of downtown has not only created hundreds of local jobs, but it has fueled unprecedented residential and commercial development.

South Florida's multiculturalism is a key factor in Brickell's development into a banking powerhouse. About 51.3 percent of Miami residents are foreign born, which is more than double the national average. Miami's reach extends beyond South America as students in Miami-Dade public schools speak more than 56 different languages and come from 160 countries. The ability to speak multiple languages is key in global banking. Foreign investors feel confident moving their capital to Brickell banks.

The Melting Pot of Miami
As Miami's brand continues to grow and more international consumers purchase homes here and start businesses here, South Florida is starting to see new groups invest locally.

China, the world's most populous country, is one of the fastest growing segments of South Florida foreign buyers. The Asian country's interest should only increase due to Miami's world-famous lifestyle, top-tier colleges and universities, expansive designer-brand shopping, diversified economy, sunny weather, clean air, walkable districts, and secure investments.

Miami has a reputation for welcoming all ethnicities. Its remarkable diversity is Miami's greatest strength. Being around people who are different from us makes us more creative, more diligent and harder-working.

Print Version

Broward Events & Classes

Over 4,000 Seminars throughout South Florida

77% Included with your MIAMI Membership - "The Educated Choice" - Hundreds are Included with your MIAMI Membership - all are discounted only for MIAMI Members

Click here for Calendar of East Broward Classes

Click here for Calendar of West Broward Classes

Click here for Calendar of North East Broward Classes