With more foreign buyers in Miami than in the rest of the US put together, it is perhaps not surprising that 72% of members of the Miami Association of Realtors in the counties of Miami-Dade and Broward reported working with an international client, much higher than the national average of 28%.
“International buyers have long been attracted to Miami’s world-class art, beaches and amenities,” says long-time Coral Gables realtor Christopher Zoller, the 2015 Residential President of the Miami Association of Realtors. “South Florida’s proximity to Latin America and the Caribbean and our more than 1,000 multinational companies offer so many opportunities for foreign real estate consumers. Faced with volatile economies in their homelands, South Florida real estate is considered a secure place to invest one’s money.”
The top countries for consumers purchasing properties in Miami-Dade and Broward counties are:
- Italy, Ecuador, and Peru