International Council of the MIAMI Association of REALTORS

     

                

International Articles and Advertisements

The MIAMI Association of REALTORS® features a half-page article each week in The Miami Herald –International Edition, promoting MIAMI Members and the South Florida real estate market to affluent consumers in Latin America and Europe.

  • Miami is Second-Hottest U.S. City for Millennials

    by | Jun 21, 2017

    Print Version

    Diverse employment opportunities, a thriving downtown, walkable neighborhoods, state-of-the-art museums and top entertainment venues make Miami the second-most desired U.S. city for millennials, according to a 2017 Realtor.com study.

    The study, which analyzed 60 large U.S. cities, is significant because millennials are America’s largest generation with enormous purchasing power. The 25-to-34-year olds comprise the largest percentage of home buyers (34 percent) in the United States, according to the National Association of REALTORS® (NAR). Millennials make up 64 percent of first-time home buyers today and will factor significantly in real estate for decades.

    Employment opportunities
    All-year sunny weather isn’t the only reason millennials are attracted to Miami. The area boasts a diversity of job opportunities and a top-ranked startup culture.

    Millennials moving to Miami can work in one of the nation’s top tourism industries, banking, international trading, real estate, technology, construction and more.

    The Miami-Fort Lauderdale area ranks No. 1 among the 40 largest metro areas in the U.S., according to a new study of startup activity by the Kauffman Foundation. Miami sees the nation’s highest rate of new business entrepreneurs and startup density.

    Walkable Neighborhoods
    Millennials love walkability, according to many studies. Miami is the fourth-most walkable city in the United States, according to the 2017 ranking by Walk Score.

    Downtown Miami, which is home to the free Metromover in addition to Miami’s 25-mile Metrorail, is one of the area’s most walkable neighborhoods.

    The walkability and access to cultural institutions such as Downtown’s Adrienne Arsht Center for the Performing Arts, the Phillip and Patricia Frost Museum of Science and the Pérez Art Museum Miami (PAMM) have helped attract many millennials to Downtown. Downtown Miami, which has added many bars and nightlife options in recent years, was recently ranked as America’s fourth-fastest growing neighborhood, according to Realtor.com.

    Downtown Miami’s projected five-year household growth is 14.9 percent, according to Realtor.com

    New high rises, multi-family homes and condominiums in other Miami neighborhoods like Wynwood, Midtown, Brickell, South Beach and Coconut Grove have helped increase Miami’s walk score to 79.2, according to Walk Score.

    Art & Culture
    In addition to walkability, millennial home buyers are in search of cultural institutions. Miami has dramatically added to its art and cultural offerings in recent years.

    From its colorful Wynwood murals to its shining new art museums to its hip Design District, Miami exudes art. You can’t go anywhere in this town without seeing this staple of Miami life. Miami’s arts metamorphosis — most of which occurred in the last 15 years — has helped attract the world’s wealthy, fuel a modern skyline and transform a beach town into a top global city.

    Downtown Miami is home to two new state-of-the-art museums. The Perez Art Museum Miami (PAMM) and the Philip and Patricia Frost Museum of Science sit adjacent to each other in Museum Park along Biscayne Bay. The museums are accessible via the Metrorail and Metromover.

    South Florida offers a host of other museums. A partial list includes the Viscaya Museum and Gardens, HistoryMiami, the Wolfsonian, Coral Gables Museum, the Museum of Contemporary Art North Miami (MOCA) and the Bass Museum of Art.

    If that’s not enough, Miami is also home to Art Basel Miami Beach, the biggest contemporary-art fair in the United States and one of the largest in the world.

    Art Basel Miami Beach fields more than $3 billion in art, draws more than 77,000 visitors and attracts more private jets (800) than the Super Bowl.

    Entertainment Venues
    Millennial home buyers are in search of quality entertainment and Miami’s South Beach nightlife is known around the world.

    But there is more to Miami entertainment than just South Beach.

    The Adrienne Arsht Center for the Performing Arts in Downtown Miami, for instance, hosts some of the world’s top acts. The Arsht Center opened in 2006 as the country’s second-largest performing arts center (after New York City’s Metropolitan Opera House).

    South Florida is also home to American Airlines Arena, Hard Rock Stadium, Marlins Park and the BB&T Center. They each host major concerts all year. Miami is also the site of Urban Beach Week and other music events.

    Miami Music Week, held in the last week of March, is one of the world’s most recognized electronic music events. Every year, hundreds of thousands of people from across the globe come to Miami to listen and dance to some of the world’s best DJs.

    The always sold-out Miami Music Week is a boom to local businesses, hotels, downtown and more. Young Miami Music Week attendees pay for tickets, ranging from $300 to $1,250. In 2016, more than 1,180 artists performed at 260 events hosted at 78 venues.

    The grand finale of Miami Music Week is the Ultra Music Festival, which is known as the world’s premier electronic music festival. The award-winning outdoor event is attended each year by 165,000 fans from 90 countries over three days.

    All of these factors coupled with a 5.1 percent unemployment rate make Miami a top destination not just for millennials but all home buyers.

    Print Version

  • Colombia Tops All Countries Searching Miami Real Estate Miami is the No. 1 Most-Searched U.S. Market Globally

    by | Jun 15, 2017

    Print Version

    Colombia is the most-active foreign country searching Miami real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). Colombia registered the most South Florida property searches among all countries on MIAMI’s portal, www.MiamiRealtors.com, in March 2017.

    Colombia has led the MIAMI property search rankings in 11 of the last 16 months. Venezuela and Brazil finished second and third, respectively. India, the second-most populous country in the world, entered the top-five in March 2017 after finishing sixth in December 2016, January 2017 and February 2017.

    “As Miami evolved from a tourist city to a global metropolis, we’ve seen more diversified foreign home buyers search and buy properties here,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “It’s no longer just South America. It is home buyers in India, China, Turkey, France and other countries who want to live the Miami lifestyle.”

     

    The top-10 countries visiting Miamire.com in March 2017:
    1.    Colombia        
    2.    Venezuela  
    3.    Brazil
    4.    Argentina         
    5.    India              
    6.    Canada              
    7.    Philippines
    8.    Dominican Republic
    9.    France
    10.  Spain

    The top-10 countries visiting Miamire.com in March 2016:
    1.    Colombia           
    2.    Venezuela              
    3.    United Kingdom
    4.    Argentina            
    5.    Brazil                     
    6.   India        
    7.   Canada
    8.    France        
    9.    Philippines
    10.  Dominican Republic

    Colombia: A Top Market for South Florida Real Estate
    Colombian home buyers tied with Brazil in making the third-most international purchases in South Florida, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished first and second, respectively.

    Colombian consumers had the fifth-highest average purchase price ($388,000) among South Florida international clients, according to the 2016 MIAMI report. Brazil had the highest ($775,000).

    Colombia home buyers rank fourth among top international buyers in Miami-Dade County (8 percent), second in Broward County (17 percent) and tied for fourth in Palm Beach County (4 percent).

    Georgia Leads All States in Miami Real Estate Searches
    Georgia registered the most domestic Miami web searches in March 2017. Georgia has led the domestic rankings in three of the last four months.

    The top-10 U.S. states searching Miamire.com in March:
    2017: 1) Georgia, 2) California, 3) New York, 4) Texas, 5) Illinois, 6) Virginia, 7) North Carolina, 8) New Jersey, 9) Massachusetts, 10) Ohio

    2016: 1) Texas, 2) Georgia, 3) California, 4) New York, 5) Illinois, 6) Tennessee, 7) North Carolina, 8) Michigan, 9) Indiana, 10) South Carolina

    South Florida is the Most Searched U.S. Market by International Consumers
    Miami-Fort Lauderdale-West Palm Beach finished as the No. 1 U.S. market for international consumers in March 2017, according to Realtor.com.
    The top-10 U.S. markets for international real estate demand:

    1. Miami-Fort Lauderdale-West Palm Beach, FL
    2. Los Angeles-Long Beach-Anaheim, CA
    3. Bellingham, WA
    4. Kahului-Wailuku-Lahaina, HI
    5. New York-Newark-Jersey City, NY-NJ-PA
    6. Urban Honolulu, HI
    7. Orlando-Kissimmee-Sanford, FL
    8. El Centro, CA
    9. Tampa-St. Petersburg-Clearwater, FL
    10. Houston-The Woodlands-Sugar Land, TX

    South Florida ranked as a top-five market for consumers in six of the world’s largest regions in March 2017. South Florida finished as the most-searched U.S. market in Western Europe, South America and Western Asia. 

    North America:
    1. New York-Newark-Jersey City, NY-NJ-PA;
    2. Chicago-Naperville-Elgin, IL-IN-WI;
    3. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD;
    4. Dallas-Fort Worth-Arlington, TX;
    5. Miami-Fort Lauderdale-West Palm Beach, FL

    ● Northern Europe:

    1. New York-Newark-Jersey City, NY-NJ-PA;
    2. Los Angeles-Long Beach-Anaheim, CA;
    3. Orlando-Kissimmee-Sanford, FL;
    4. Miami-Fort Lauderdale-West Palm Beach, FL;
    5. Tampa-St. Petersburg-Clearwater, FL

    ● Western Europe:

    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Los Angeles-Long Beach-Anaheim, CA;
    3. New York-Newark-Jersey City, NY-NJ-PA;
    4. Cape Coral, FL;
    5. Tampa, FL

    ● Australia and New Zealand:

    1. Los Angeles-Long Beach-Anaheim, CA;
    2. New York-Newark-Jersey City, NY-NJ-PA;
    3. Dallas, TX;
    4. Miami-Fort Lauderdale-West Palm Beach, FL;
    5. San Francisco-Oakland-Hayward, CA

    South America:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Orlando-Kissimmee-Sanford, FL;
    3. Los Angeles-Long Beach-Anaheim, CA;
    4. New York-Newark-Jersey City, NY-NJ-PA;
    5. Chicago, IL

    Western Asia:
    1. Miami-Fort Lauderdale-West Palm Beach, FL;
    2. Los Angeles-Long Beach-Anaheim, CA;
    3. New York-Newark-Jersey City, NY-NJ-PA;
    4. Houston, TX;
    5. Washington-Arlington-Alexandria, DC-VA-MD-WV

    Print Version

Pages

2017 Archive

2016 Archive

2015 Archive

2014 Archive

2013 Archive