Miami has always been considered an international city, but a recent study by the National Association of Realtors showed that 68% of our international buyers hail from Latin America. In fact, the current real estate surge is credited to the ultra-high net worth buyer from strongholds like Venezuela, Argentina, and Brazil. Venezuela was at the top of the international list, with 16% of sales, followed by Argentina with 12%, Brazil with 11% and Colombia at 8%.
While many weren’t surprised to see this Latin dominance, they were surprised to find that China made the list for the first time ever, representing 2% of Miami sales. This shows promising momentum as their buyer pool has traditionally been a strong addition to any market. To learn more about the current state of the market, reach out to the Susan Gale Group for an assessment of residential or commercial opportunities.
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Susan Gale is the leading luxury estate agent specializing in commercial real estate, boutique hotels, and stunning residential properties in Miami Beach. She has over 25 years of experience and a sales track record of over $1 billion in sales, that has given her global cache as a luxury real estate leader. Contact us today, we look forward to working with you.