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.

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.”

Miami Ranked 2nd among Foreign Consumers Searching U.S. Properties

Miami Ranked 2nd among Foreign Consumers Searching U.S. Properties

Courtesy of by Miami Admin | May 14, 2013

      

Miami, FL – Attention from foreign consumers searching U.S. properties increased for Miami in March, according to the 26,000-member MIAMI Association of Realtors (MIAMI).
South Florida, the top area in the nation for international real estate buyers, remains the focus of consumers from a diverse group of nations.
Miami Top Market for Foreign Consumers
In March, Miami ranked second only to Los Angeles among the top ten overall most searched U.S. cities by non-U.S. consumers throughout the month of March 2013. Miami moved up from fourth place in earlier rankings. Fort Lauderdale ranks eighth. If the Miami-Fort Lauderdale market were combined, the ranking would be even higher.

1. Los Angeles, CA
2. Miami, FL
3. Las Vegas, NV
4. Orlando, FL
5. Detroit, MI
6. Houston, TX
7. New York, NY
8. Fort Lauderdale, FL
9. San Diego, CA
10. Chicago, IL

The top countries for consumers searching South Florida properties on Miamire.com (Miami Association of Realtors Property Search) in March 2012 compared to March 2013 were from:

March 2013	March 2012
United States	United States
Canada	Canada
Brazil	Brazil
Colombia	France
Venezuela	Venezuela
Argentina	Colombia
France	Argentina
India	Spain
Germany	U.K.
Ecuador	India

"These results reflect the strong demand from foreign buyers and investors that exists for Miami properties," said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. "It is interesting to see countries like India and Germany ranking among the top markets looking to buy or invest in Miami and South Florida. The Miami real estate market remains a mecca of global activity, differentiating us form the rest of the U.S. and fueling our vibrant real estate market."
Nationally, the Miami-Fort Lauderdale area is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S. According to Realtor.com®, the top countries (outside the U.S.) where global consumers were most engaged on Realtor.com® &
Realtor.com® International in March 2013 were:

• *Canada: Las Vegas, Fort Lauderdale, Orlando, Detroit, Naples
• *U.K.: Los Angeles, Orlando, Miami, Houston, Las Vegas
• *Germany: San Antonio, Los Angeles, Cape Coral, Miami, Las Vegas
• Australia: New York, Los Angeles, Las Vegas, Houston, Detroit,
• Japan: San Diego, Alpharetta, Las Vegas, San Diego, San Antonio
• Mexico: San Diego, El Paso, Laredo, San Antonio, Las Vegas
• India: Los Angeles, Orlando, Chicago, Dallas, Houston
• *Brazil: Orlando, Miami, Boca Raton, Fort Lauderdale, Miami Beach
• China: Detroit, Los Angeles, Irvine, Las Vegas, Orlando
• *France: Chicago, Miami, Los Angeles, Miami Beach, San Diego
• *Russian Federation: Los Angeles, Miami, Orlando, New York, Detroit
• South Korea: Las Vegas, Irvine, Los Angeles, San Antonio, Columbus
• *Italy: Miami, Los Angeles, Miami Beach, New York, San Diego
• *Netherlands: Los Angeles, Miami, New York, Houston, Las Vegas
• *Switzerland: Miami, Las Vegas, Los Angeles, San Diego, Raleigh
• *Spain: Miami, Los Angeles, New York, Las Vegas, San Diego
• *Ireland: Los Angeles, New York, Orlando, Chicago, Miami
• *Sweden: Los Angeles, Detroit, Parkland (FL), Miami, Fort Lauderdale
• *Belgium: Los Angeles, Miami, Las Vegas, Naperville (IL), Orlando
• Philippines: Las Vegas, Saint Paul (MN), Indianapolis, Los Angeles, Henderson (NV)

*Country with Miami or Fort Lauderdale as top searches.
Based on the 2012 Miami International Market Report, Miami attracts a significant number of buyers from countries not reflected in property search rankings above, including Venezuela, Colombia, Argentina, Peru, and Ecuador. For the latest information on who is buying in South Florida, go tohttp://www.miamire.com/international/resources.
"Miami had not previously figured as a top market for buyers from the United Kingdom, who tend to purchase in less expensive areas of Florida," said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. "We are increasingly seeing buyers from new markets becoming increasingly interested in all that Miami has to offer, which is a sign that investors view Miami and South Florida a profitable opportunity."