Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • Palm Beach County Condominium Luxury Sales Jump 28 Percent in December

    Jan 22, 2019
    Palm Beach County condominium luxury home sales jumped 28 percent in December as $1-million-and-up homebuyers continue selecting Palm Beach’s incredible live, work and play lifestyle, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Broward Single-Family Home Median Prices Increase in December

    Jan 22, 2019
    Broward County single-family home median sale prices rose 2.9 percent to $350,000 in December 2018 as Broward existing condos sold between $400K to $600 increased 4.3 percent year-over-year, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Mid-Market Miami Single-Family Home Sales Rise 9.4 Percent in December

    Jan 22, 2019
    Mid-market Miami single-family home sales rose 9.4 percent in December, evidence of strong demand in one of the nation’s most sought-after real estate markets, according the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • 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 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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