"Brazil Continues to Lead All Global Consumers Searching for South Florida Real Estate", according to Miami Association of Realtors.
MIAMI — Brazil is once again the top foreign country searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI), America’s largest local Realtor group. The South American nation of 200 million residents finished as the top international country using MIAMI’s search portal, www.Miamire.com, in September 2015.
Brazil has now ranked as the top foreign nation using www.Miamire.com in 15 of the last 16 months. The last time Brazil didn’t rank first was July 2015 when Colombia nabbed the top spot. The newly-released MIAMI statistics also showcase increased interest in South Florida real estate from countries such as Israel and Ecuador.
Brazil: A Top Market for South Florida Real Estate
Brazilian home buyers purchase the third-most South Florida real estate among all foreign countries, according to the 2014 Survey of International Home Purchases conducted by the National Association of REALTORS® (NAR) for MIAMI. Brazil registered 11 percent of all foreign South Florida deals last year. Venezuelan and Argentinian buyers finished first and second, respectively, at 16 and 12 percent.
Brazilians moving to South Florida are often upper-middle-class families who want to enjoy their prosperity earned in their homeland as professionals and entrepreneurs. Brazilians spend the most on average on Miami-Dade and Broward properties among foreigners: $495,000 average sale price compared to $245,000 among all buyers in Florida.
By Miami Association of Realtors