Latin America Is Located Between the Best Real Estate Investors in Southern Florida

Latin America Is Located Between the Best Real Estate Investors in Southern Florida

Latin American countries rank first on the list of foreign citizens seeking homes in South Florida online in December. Colombia is the number 1 that represents 10.5% of foreign Internet searches, followed by Venezuela in number 2 with 8.1%. These countries are experiencing some political instability in which they can be a contributing factor. Argentina rounds the Top 3 with 7.1%.

Last year, home buyers in Colombia and Canada made the third international purchase of homes in South Florida with 9%. Foreign investors spent $ 7.1 billion on housing in South Florida in 2017, almost 15 percent more than the $ 6.2 billion of the previous year. Miami is one of the main destinations of the USA. UU For foreign investors: a recent report found that eight of the 10 properties sold for more than $ 1 million are owned by someone outside the country.

Canadians were again hungry for homes in South Florida with the fourth largest foreign participation in December, followed by Brazil and Peru.

See the complete list:

1. Colombia: 10.5%
2. Venezuela: 8.1%
3. Argentina: 7.1%
4. Canada: 7%
5. Brazil: 5.4%
6. Peru: 3.9%
7. India: 3.8%
8. Spain: 3.4%
9. Philippines: 3.3%
10. Dominican Republic: 2.9%

Any major political career in Latin America generally leads to a series of deals in Miami and its neighboring counties, as investors turn to US markets for more stability, brokers say.

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