The news that Brazil is back
again at the top spot for consumers searching Miami properties on Miamire.com,
according to the 30,000-member MIAMI Association of Realtors (MIAMI) is not
much of a surprise. Brazilians still see Miami real estate as a bargain. And
for many, it's more than just an investment.Brazilians are helping shape the
new condo boom that is catering to foreign buyers. Dozens of residential condo
projects are underway in South Florida — all with Brazilians and other foreign
buyers in mind.
Brazil topped the list of
countries—second only to the U.S.—that conducted searches on the MIAMI website
(www.miamire.com) in June. Despite the weakening of the Brazilian
currency in recent months, Brazil remains a top market for Miami real
estate. Following Brazil were Argentina, Colombia, and Venezuela.
Rounding out the top 10 were Russia, Malaysia, France, Spain, and the United
Kingdom. MIAMI is the ambassador association for the National Association
of Realtors to SECOVI-SP in Brazil and has conducted extensive outreach to
Brazilian agents and buyers since 1996. MIAMI has more than 100
partnerships with real estate associations worldwide, including FENACI, COFECI,
and the Balneario Camboriu Association (ACIBC) also in Brazil. MIAMI also
shares listings with Brazilian associations through its landmark International
Data Exchange, which further promotes MIAMI members and the South Florida
market. In August, Balneario Camboriu signed an agreement to share
listings with MIAMI, further boosting exposure for Miami properties in
Brazil. Miami also promotes the Miami real estate market at international
events, including Salon de l’Immobilier in Paris, SIMA in Madrid, and in the
upcoming Jornada Internacional Inmobiliaria in Argentina.
“Brazil remains a very strong
market for Miami real estate, as reflected by our property search and closed
sales statistics,” MIAMI Chairman of the Board Natascha Tello said. “It’s very
rewarding to see the success of our international outreach with markets like
Argentina, Brazil, France, Russia and Spain. It’s also exciting to see
new markets we’ve been targeting, such as Germany and India, cement their
interest in the Miami market.” * Source: Miami Association of
Realtors.
All around the world people are
noticing Miami is one of the most exhilarating cities in the US. According to
the U.S. Census Bureau, Miami is also the thirteenth largest economy in the US.
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