Colombia posted the most global web searches for Miami homes in December 2022, according to a new report by the MIAMI Association of Realtors. Colombia has now topped the list of foreign countries searching Miami real estate in nine of the last 10 months.
Brazil made the largest month-over-month jump in the top-10, moving from No. 12 in November 2022 to No. 7 in December 2022. Changes on the global political landscape have historically led to more global purchases of Miami real estate. Leftist former leader Luiz Inácio Lula da Silva was inaugurated as Brazilian president on Jan. 1, 2023 amid riots in the capital.
“Global buyers purchase in South Florida not just because Miami is a gateway to the world and a secure investment, but because of our acceptance of all cultures,” Miami Chairman of the Board Ines Hegedus-Garcia said. “Nowhere else in the world is more welcoming than Miami. This month, World Population Review ranked Miami as the ‘Most Diverse City in the World.’”
Colombia accounted for 11.81% of all international searches on MiamiRealtors.com in December 2022, up from 11.41% in December 2021.
Top-10 Countries Searching MiamiRealtors.com in December 2022:
Country / Share of International Searches
1.Colombia – 11.81%
2. China – 11.78%
3. Venezuela – 6.48%
4. Argentina – 6.24%
5. Philippines – 4.75%
6. Canada – 3.86%
7. Brazil – 3.82%
8. United Kingdom – 3.62%
9. Spain – 3.19%
10. India – 3.18%
All other countries – 41.27%
Source: Miami Association of Realtors