Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • 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 CEO Named to South Florida’s Most Influential Business Women

    May 14, 2018
    MIAMI Association of REALTORS® (MIAMI) Chief Executive Officer Teresa King Kinney was named one of the top 25 Most Influential Business Women in South Florida. The South Florida Business Journal honored Kinney’s strong record of leadership, community involvement and industry innovation at an event on May 11 in Fort Lauderdale.
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  • Miami Luxury Single-Family Home Sales Jump in March

    Apr 23, 2018
    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.
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  • South Florida Industrial Real Estate Prices, Transactions Rise in 4Q

    Apr 23, 2018
    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
    The MIAMI Association of REALTORS® (MIAMI) has elected Fort Lauderdale broker Patricia C. Anglero as its 2018 Broward Council president. She and all of MIAMI’s leadership boards were installed Feb. 2 at the MIAMI 2018 Inaugural and Awards Celebration.
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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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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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