Brazilian buyers most interested in miami property

The South American country topped the list of nations, second only to the US, that searched for real estate on the MIAMI website, consistently ranking in the top three places of origin investing in the state’s housing market, according to the 2012 Miami International Market Report.

“Miami continues to be a top choice for Brazilian buyers who feel at home in Miami and are attracted by the local lifestyle, culture, and thriving real estate market,” MIAMI Chairman of the Board Natascha Tello said.

“Our relationships further boost already strong interest in our market, as affluent Brazilians prefer Miami over any other market in Florida and the U.S.”

The top five countries searching South Florida properties on Miamire.com in May 2013 remained the same compared to the previous year, but figures show growing interest among foreign buyers and investors in Brazil, Canada, and Venezuela:

A growing number of buyers from worldwide markets are showing interest in all that Miami has to offer, as our website becomes a top portal for international consumers,” said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. “Foreign buyers and investors know that Miami and South Florida offer profitable opportunities and want to preview what’s available and take advantage of the local affordability combined with world-class amenities.”

Nationally, Miami is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S.  Miami again ranked second only to Los Angeles among the top ten overall most searched U.S. cities by non-U.S. consumers throughout the month of May 2013 on Realtor.com & Realtor.com International.

Foreign consumers searching U.S. properties from Brazil, France, and Spain were most interested in the Miami real estate market in May 2013, according to online engagement statistics from Realtor.com.  Miami was a second top choice for buyers from Italy, Netherlands, Russia, and Switzerland.