#United States #Colombia #Miami #Real Estate

Colombian Interest in Miami Real Estate Remains Unmatched

According to recent data from the MIAMI Association of REALTORS®, Colombia has emerged as the leading country for global internet searches related to South Florida real estate, particularly in June 2025. This milestone marks the 39th consecutive month that Colombia has claimed a top position in the Miami real estate search rankings.

Eddie Blanco, the MIAMI Chairman of the Board, attributed this enduring interest to various socio-economic factors influencing Latin America. As he aptly put it, "When Latin American governments go left, money goes north." This reflects a significant trend where investors seek stable markets for their investments. Miami has increasingly solidified its reputation as a safe haven, often referred to as the 'capital of Latin America' due to its cultural diversity and dynamic environment.

The data revealed that approximately 140 countries were involved in online searches for real estate via MiamiRealtors.com in the same month, with Colombia accounting for 13.3% of all international searches. Spain followed with 8.3%, while other countries like Canada, China, the Philippines, and India showed strong interests as well. The robust portfolio of international buyers has contributed to the increasing real estate demand, with Miami being particularly appealing due to its young, growing population and welcoming attitude towards various cultures.

Trends in International Real Estate Purchases

Recent reports indicate that nearly half of the new construction sales in South Florida are attributed to international buyers. Data compiled over an 18-month span leading to June 2025 highlighted that international investors were involved in almost half (49%) of all new construction transactions. These figures underline Miami's attractiveness to global buyers and reflect their continued investment in the region's booming real estate market.

Argentina led the charge in terms of foreign purchases in 2024, capturing an impressive 18% of all international transactions in South Florida. Close behind were Colombian buyers, who accounted for 14%, while other notable countries included Canada, Brazil, and Mexico, which rounded out the top five buyers.

Florida has long been recognized as the top destination for foreign buyers of U.S. real estate, as indicated by the NAR's Profile of International Transactions in U.S. Residential Real Estate report. For over 16 years, Florida has consistently held this title, and particularly, Miami has secured a remarkable 49% of all international home sales within the state.

Miami's Competitive Edge in the Global Market

When comparing prime real estate prices internationally, Miami still offers substantial value. The 2025 Knight Frank Wealth Report suggests that for a budget of $1 million, buyers can acquire 58 square meters of prime property in Miami—a stark contrast to just 19 square meters available in Monaco and equivalent to only 34 square meters in major cities like New York and London.

In addition, Miami's ranking of the top searches from notable cities highlights its international appeal. Cities such as Bogotá, Dublin, and Madrid were among the top international search locations. Meanwhile, Virginia emerged as the lead U.S. state searching for Miami properties, showcasing significant interest domestically as well.

Conclusion

The ongoing fascination and investment from Colombia and other nations signify not just a trend but solidify a long-term trajectory towards Miami as a flourishing market for both local and international investors. As the dynamics of global investments continue to evolve, it seems that South Florida will remain on the radar for many seeking opportunities in real estate. The MIAMI Association of REALTORS® continues to be pivotal in facilitating these transactions, serving a vibrant community of both buyers and sellers across the globe. Through their collaboration with local and international real estate agencies, the MIAMI Association is dedicated to keeping the market booming and accessible for everyone involved.