#Colombia again, the No.1 country searching in Miami property

In July, Colombia, once again, leads all foreign countries in searches for South Florida real estate, according to the Miami Association of Realtors (Miami) . For the eighth consecutive month, Columbia ranked as the No.1 international country using MIAMI’s search portal

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Colombian’s growing interest in South Florida Real Estate

According to MIAMI and National Association of REALTORS, Colombia tied in third with Argentina in purchasing Miami real estate among foreign countries in 2015. In all South Florida foreign transaction, Venezuelan buyers led with 13 percent, Brazilian buyers followed closely behind with 12 percent and in third were Colombian and Argentinian buyers at 10 percent. Colombia was also the second biggest spender in South Florida property last year, spending an average of $516,000 only behind Brazil ($766,000).
MIAMI showcased the Miami property market at the Gran Salón Inmobiliario, Colombia’s most influential property showcase, in Bogotá, Colombia to continue promoting South Florida real estate to the world and the already interested population.
The most searched U.S. market: South Florida
According to Realtor.com, the top-10 U.S. markets for international real estate demand in July 2016:

1. Miami-Fort Lauderdale-West Palm Beach, FL
2. Los Angeles-Long Beach-Anaheim, CA
3. Bellingham, WA
4. New York-Newark-Jersey City, NY-NJ-PA
5. Daphne-Fairhope-Foley, AL
6. Orlando-Kissimmee-Sanford, FL
7. Urban Honolulu, HI
8. Kahului-Wailuku-Lahaina, HI
9. Tampa-St. Petersburg-Clearwater, FL
10. Houston-The Woodlands-Sugar Land, TX
Spain and Israel are also looking into Miami Real Estate

In July 2016, Spain remained among the top-six foreign countries searching for Miami real estate for the third consecutive month. Israel finished eighth (tied for its previous highest rank in May 2016).

“It is no surprise Miami is the most searched U.S. market for international home buyers,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Miami welcomes and embraces all cultures. From South America to Europe to China to all over the globe, foreign home buyers feel at home in Miami.”

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