Colombia Again Top Country Searching for Miami Real Estate
Colombia registered the most global web searches for South Florida real estate in May 2025
MIAMI, June 10, 2025 /PRNewswire-PRWeb/ — Colombia registered the most global web searches for South Florida real estate in May 2025, according to a new report by the MIAMI Association of REALTORS® (MIAMI).
Colombia has now finished in the top two countries searching Miami real estate in each of the last 38 months (three-plus years).
“Political instability overseas historically has led to more global buyers purchasing Miami real estate,” MIAMI Chairman of the Board Eddie Blanco said. “Local currencies are often weak in Latin America and global buyers want a place to invest their money for safety. What better place than Miami, where condo prices have risen 124% in the last 10 years.”
About 151 countries searched MiamiRealtors.com, which has three consumer-facing property search portals, in May 2025. The top 10 includes countries from four continents: North America, South America, Europe and Asia.
Top 10 Countries Searching MiamiRealtors.com in May 2025:
Share of International Searches
|
1.Colombia |
9.1 % |
|
2.Spain |
5.2 % |
|
3.India |
4.5 % |
|
4.China |
4.2 % |
|
5.Philippines |
4.1 % |
|
6.Russia |
4.0 % |
|
7.Canada |
3.9 % |
|
8.Venezuela |
3.9 % |
|
9.Argentina |
3.6 % |
|
10.Brazil |
3.3 % |
Top Global Markets for South Florida Real Estate
Argentina purchased the most South Florida real estate among foreign countries in 2024, according to the 2024 Profile of International Home Buyers of the MIAMI Association of Realtors (MIAMI). Argentinian buyers purchased 18% of all international purchases in South Florida. Colombia (14%), Canada (8%), Brazil (6%) and Mexico (6%) rounded out the top 5, respectively. Access the report:
Florida is the top U.S. destination for foreign buyers (20% of all sales), according to NAR’s 2024 Profile of International transactions in U.S. Residential Real Estate. Florida has been the No. 1 state for foreign home buyers for the last 16 years.
About half of all international home sales (49%) in Florida are in Miami–Fort Lauderdale–West Palm Beach, according to the 2024 Florida Realtors’ annual Profile of International Residential Real Estate Activity in Florida.
One in five of all U.S. international home sales happen in Florida and one in two in Florida are in the Miami metro market.
South Florida secures 10% of all international home sales in the entire U.S. annually.
