Friday, August 9, 2013

France is top market for Miami real estate

France is top market for Miami real estate
Courtesy of www.bizjournals.com

The French top lists of people on the Miami realtors website searching for Miami real estate.
The French top lists of people on the Miami realtors website searching for Miami real estate.
In June, France moved into the top spot for consumers searching Miami properties on Miamire.com, according to the 29,000-member MIAMI Association of Realtors.
June statistics for the association’s property search also reveals Miami is increasingly of interest to foreign consumers from a diverse group of nations around the world.
France topped the list of countries, second only to the U.S, that conducted searches on the association website.
This is the second time this year that French consumers topped the list of foreigners searching Miami properties. In April, the boost of interest was credited to the realtor’s participation at the Salon National de l’Immobilier in Paris that same month.
MIAMI has been exhibiting at the Paris expo every year since 2005, when they also signed an agreement with FNAIM – Paris –Ile de France, the real estate association in Paris.
As a result, French buyers consistently rank in the top seven countries of origin investing in Miami real estate, higher than any other European country, according to the 2012 Miami International Market Report.
“Our outreach in France is definitely a success story for the Miami Association of Realtors and for our real estate market,” said MIAMI Association of Realtors Chairman of the Board Natascha Tello. “It’s an example of how relationships and exposure in foreign countries can result in market strengthening, fueling member profitability and economic expansion.”
The other top countries searching South Florida properties on Miamire.com (Miami Association of Realtors Property Search) changed slightly in June, with Brazil and Argentina dropping in the rankings, while interest from Venezuela and Colombia increased compared to the prior year:

June 2013
France
Brazil
Canada
Venezuela
Argentina
Colombia  
India
Germany   
Mexico
United Kingdom
Italy
Belgium

This is the first time that Belgium appears in the Top 20 countries searching Miamire.com.

“It is very impressive to see Miami’s global prominence as we increasingly attract more consumers from a more diverse group of nations,” said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez, in a statement. “Foreign buyers and investors have fueled the strengthening of the Miami market unlike any other city in the U.S. We continue to identify markets to target and strategies to further boost international sales for the Miami market.”

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