What's Happening?
Colombia has emerged as the leading country in global web searches for Miami real estate, according to a report by the MIAMI Association of REALTORS®. The report highlights that international buyers accounted for 49% of new construction sales in South Florida over an 18-month period ending in June 2025. The data was collected from 37 new condominium projects in the Miami area. Colombia has consistently ranked among the top two countries searching for Miami real estate for the past 39 months. The report also notes that Argentina purchased the most South Florida real estate among foreign countries in 2024, followed by Colombia, Canada, Brazil, and Mexico.
Why It's Important?
Miami's real estate market continues to attract significant international interest, particularly from Latin American countries. This trend underscores Miami's reputation as a safe and attractive investment destination, especially during times of political uncertainty in Latin America. The influx of international buyers contributes to the local economy and supports the real estate sector, which is a vital component of South Florida's economic landscape. The sustained interest from countries like Colombia and Argentina highlights Miami's strategic importance as a gateway for international investments in the U.S.
What's Next?
The ongoing interest from international buyers is likely to continue, driven by Miami's appeal as a culturally diverse and economically vibrant city. Real estate developers and agents may focus on catering to the preferences of these international buyers, potentially influencing the types of properties developed and marketed. Additionally, the local government and real estate associations might explore policies to further attract foreign investments, ensuring Miami remains a top destination for international real estate transactions.
