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Colombia Remains Top International Buyer of Miami Real Estate

Colombia Tops Global Web Searches for South Florida Real Estate in March 2025

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olombia led global web searches for South Florida real estate in March 2025, according to a report by the MIAMI Association of REALTORS. This marks the third consecutive year Colombia has finished in the top two countries searching Miami real estate.

    "The world's affection for Miami is evident in the diversity and breadth of international searches," said Eddie Blanco, 2025 MIAMI Chairman of the Board. "Notably, California searches increased, with San Jose ranking as the top U.S. city searching South Florida real estate."

    In March 2025, 151 countries searched MiamiRealtors.com, a platform with three consumer-facing property search portals. The top 10 countries include nations from four continents: North America, South America, Europe, and Asia.

    Top 10 Countries Searching MiamiRealtors.com in March 2025:

    1. Colombia (13.1%)

    2. Canada (9.2%)

    3. Venezuela (7.4%)

    4. Philippines (5.8%)

    5. Argentina (5.6%)

    6. Spain (5.3%)

    7. India (5.1%)

    8. China (4.1%)

    9. Russia (4.0%)

    10. Ireland (3.8%)

    Argentina purchased the most South Florida real estate among foreign countries in 2024, according to the MIAMI Association of Realtors' 2024 Profile of International Home Buyers. Argentinian buyers accounted for 18% of all international purchases.

    Florida remains the top U.S. destination for foreign buyers, with 20% of all sales, according to NAR's 2024 Profile of International Transactions in U.S. Residential Real Estate. The Miami-Fort Lauderdale-West Palm Beach area accounts for nearly half of all international home sales in Florida.

    South Florida secures 10% of all international home sales in the entire U.S. annually, with Miami remaining a bargain for prime property compared to other global cities. For $1M, buyers can purchase 58 square meters of prime property in Miami, almost four times more than Monaco and nearly two times more than New York or London.

    Top 10 International Cities Searching MiamiRealtors.com in March 2025:

    1. Bogota, Colombia

    2. Toronto, Canada

    3. Dublin, Ireland

    4. Buenos Aires, Argentina

    5. Barquisimeto, Venezuela

    6. Moscow, Russia

    7. Madrid, Spain

    8. Medellín, Colombia

    9. London, England

    10. Mexico City, Mexico

    Virginia registered the most domestic Miami real estate web searches in March 2025, while New York was the top state for out-of-state buyers in the South Florida area.

    Top 10 U.S. States Searching MiamiRealtors.com in March 2025:

    1. Virginia

    2. California

    3. Washington

    4. New York

    5. Iowa

    6. Georgia

    7. Ohio

    8. North Carolina

    9. Michigan

    10. Texas

    Top 10 U.S. Cities Searching MiamiRealtors.com in March 2025:

    1. San Jose, CA

    2. Des Moines, IA

    3. New York, NY

    4. Atlanta, GA

    5. Los Angeles, CA

    6. Las Vegas, NV

    7. Dallas, TX

    8. Chicago, IL

    9. Boston, MA

    10. Columbus, OH

Colombian buyers dominate Miami real estate market with significant investments.