Market Update – Latin American Buyers Lead Miami Real Estate Sales

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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.

 

For the full article from the Real Deal, please click here.

 

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.

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