The MIAMI Association of REALTORS® (MIAMI) has 161 international real estate partners, the most of any Realtor association in the United States, after signing 10 new International Collaboration Agreements recently. The bilateral agreements create greater exposure for Miami and all of South Florida, increase business opportunities and promote a stronger local economy.
“Collaborating and networking with global markets is at the core of our mission at the MIAMI Association of REALTORS®,” said Christopher Zoller, the 2017 MIAMI Chairman. “MIAMI is honored to have international partners in more than 50 countries and five continents. By promoting the Miami brand and Miami lifestyle at global conferences and with our worldwide partners, every South Florida industry and field benefits.”
MIAMI signed new partnership agreements with the following 10 real estate associations:
● CRECI-DF (Brazil) – Conselho Regional de Corretores de Imóveis- Distrito Federal
● SINDIMOVEIS-GO (Brazil) – Sindicato dos Corretores de Imóveis no Estado de Goiás
● SINDIMOVEIS-ES (Brazil) – Sindicato dos Corretores de Imoveis do Estado do Espirito Santo
● OVI (Austria) – Austria Association of Real Estate Experts
● Cambodian Valuers and Estate Agents Association (Cambodia)
● CILA (Latin America) – Confederación Inmobiliaria de Latino America
● Real Estate Cluster Serbia (Serbia)
● SIRALIA — Spanish International Realty Alliance (Spain)
● Colegio de Martilleros y Corredores Publicos del Departamento Judicial de la Plata (Argentina)
The new agreements will further strengthen foreign buying activity in Miami and South Florida and further strengthen the MIAMI Association’s reputation as a leading international organization connecting markets and expanding international business opportunities.
MIAMI, the largest local Realtor association with more than 46,000 members, has been signing honorary reciprocal agreements with international real estate associations since 1996. MIAMI has bilateral agreements with real estate associations in more than 50 countries. The organizations are part of MIAMI’s International Referral Network, which links South Florida properties with more than 100,000 real estate professionals around the world.
MIAMI’s International Referral Network provides MIAMI members with a powerful competitive advantage, which benefits buyers, sellers and the communities they serve. Consumers should seek real estate professionals who are members of the MIAMI Association of REALTORS® because they have international expertise, professional network and marketing resources to better serve them.
For a full list of MIAMI International Partners, visit Miamire.com/international/partners.
Eighty foreign delegates from 13 countries and hundreds of Realtors from the U.S. collaborated, networked and learned at the 22nd annual MIAMI International Real Estate Congress on Oct. 30 in Coral Gables.
Delegates from Austria, Brazil, Israel, Spain, UAE/Dubai and Greece provided market presentations on their respective countries on the first day of the Congress on Oct. 30.
Attendees enjoyed nightly gala receptions and participated in marketing sessions to capitalize on the presence of MIAMI’s esteemed partners. MIAMI has official partnerships with 160 international organizations worldwide.
After the Miami Congress’ conclusion in Coral Gables, MIAMI delegates and real estate professionals traveled to the Trump National Golf Club in Jupiter on Nov. 2 for an international luncheon and information session. The event highlighted Palm Beach economic growth and statistics while also discussing Palm Beach’s impact in the global real estate marketplace.
Miami offers ultra-high-net-worth individuals the ability to purchase a luxurious home with access to superior schools, restaurants and shopping opportunities akin to London. In addition to South Florida’s weather and beaches, the world’s elite like Miami for its developing art scene. The Art Basel show draws the world’s top collectors, and the Wynwood neighborhood has gained national and global attention for its trendy local art. The Adrienne Arsht Center for the Performing Arts and a waterfront art museum opened recently in Miami. A new science museum will open later this year.
The lack of a state income tax also leads U.S. citizens, particularly those living in the colder climates in the Northeast, to establish residency here. The affluent from high tax states like New York and Connecticut can afford to purchase more expensive homes in Miami because of the tax structure.
Miami has long been a top place for international investment. Foreign buyers view South Florida real estate as a safe place to invest their money. While Miami residential prices have risen in recent years, the region is still considered inexpensive relative to Paris, Hong Kong, Sao Paolo, and other global cities.
Growing Tech Industry
An increasing number of companies, including Microsoft, are working to turn Miami into America’s next tech hub. Venture capitalists and technology incubators have invested in the community and are encouraging more tech companies such as Miami-based social media startup Everypost. Latin American technological companies see Miami as a more accessible economic entry point for business compared to other American cities such as Silicon Valley.
Most International City in the U.S.
With the highest concentration of foreign-born residents of any major U.S. city, Miami residents are multilingual, diverse and qualified to work for national and international businesses seeking to connect with foreign consumers. About 51.3 percent of Miami residents are foreign born and the Miami-Dade County population speaks a staggering 100 languages, according to the U.S. Census. Miami’s concentration of foreign-born residents is more than double the national average of 19.4 percent.
Major Center for Business
With its proximity to Latin America and the Caribbean, Miami excels in international trade and finance and serves as the base for transactions between North America and the world.
Miami has the largest concentration of domestic and international banks south of New York City, with approximately 87 financial institutions and 33 foreign bank agencies. “The Gateway to Latin America” also has more than 1,000 multinational corporations. More than 600 Miami companies maintain Latin American headquarters. Greater Miami has the third largest consular corps in the nation with 55 foreign consulates, 30 bi-national chambers of commerce and 18 foreign trade offices.