Recent research shows Colombia had the highest volume of international web searches for Miami houses in August 2022. Colombia has now been at the top of the list of foreign nations looking for real estate in Miami for six months running, as South Florida continues to experience a surge in demand from international buyers as pandemic-related precautions are relaxed and unstable political situations are developing throughout the world.
Colombia accounted for 11.37% of all international searches in August 2022, which is not far from the nation's 12.81% search share in June 2022. For the second month in a row, China maintained its position as No. 2. Each month, more than 160 different nations browse South Florida real estate websites for homes.
Colombia: A Leading Market for South Florida Real Estate.
In 2021, Colombia bought the second-most South Florida real estate among foreign nations. 12% of all foreign acquisitions in South Florida were made by buyers from Colombia. Argentina (13%) took first place. Venezuela (10%) came in third place.
According to the survey, South Florida remains a bargain over other major cities in the world and the United States. The price per square meter in Miami-Fort Lauderdale-West Palm Beach is $3,170, which is significantly less than the prices in at least 30 major cities around the world and 13 or more U.S. metro areas, including Hong Kong ($28,570), New York City ($17,191), San Francisco-Oakland-Hayward, CA ($8,250), Madrid, Spain ($6,173), Los Angeles-Long Beach-Glendale, CA ($4,740), and Seattle-
The Top 10 International Cities Searching South Florida real estate websites include:
Colombia Bogota
Colombia's Medellin
Argentina's Buenos Aires
Venezuela's Caracas
Barcelona, Spain
Brazil's Sao Paulo
Mexican capital city
Colombia's Cali
Russia's Moscow
Toronto, Canada