Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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).
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Miami Existing Condo Sales Jump 24.6 Percent in April

    May 24, 2018
    Miami’s existing condominium market posted its best April in three years as condo transactions jumped 24.6 percent and condo dollar volume surged 40.8 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales and residential prices rose.
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  • MIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members

    May 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public.
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  • Miami Luxury Home Sales Soar in 1Q 2018

    May 15, 2018
    Total Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th 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 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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