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olombia led global web searches for South Florida real estate in May 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.
Political instability overseas often drives foreign buyers to invest in Miami's real estate market, said Eddie Blanco, Chairman of the Board for the MIAMI Association of REALTORS. "Local currencies are weak in Latin America, and global buyers seek a safe haven for their investments," he explained. With condo prices rising 124% over the past decade, Miami offers an attractive opportunity.
In May 2025, 151 countries searched MiamiRealtors.com, with top 10 countries coming from four continents: North America, South America, Europe, and Asia. The top 10 includes Colombia (9.1%), Spain (5.2%), India (4.5%), China (4.2%), the Philippines (4.1%), Russia (4.0%), Canada (3.9%), Venezuela (3.9%), Argentina (3.6%), and Brazil (3.3%).
Argentina purchased the most South Florida real estate among foreign countries in 2024, accounting for 18% of all international purchases. Colombia followed with 14%, while Canada, Brazil, and Mexico rounded out the top five.
Florida remains a top destination for foreign buyers, with 20% of all sales going to international clients. The Miami-Fort Lauderdale-West Palm Beach area accounts for nearly half of all international home sales in Florida.
Miami's prime property market offers an attractive value proposition compared to other global cities, according to the 2025 Knight Frank Wealth Report. For $1 million, buyers can purchase 58 square meters of prime property in Miami, significantly more than major cities like New York and London.
In May 2025, Virginia registered the most domestic web searches for Miami real estate, while New York was the top state for out-of-state buyers in the South Florida area. The top 10 U.S. states searching MiamiRealtors.com included Virginia, California, New York, Washington, Iowa, Georgia, Ohio, Nevada, North Carolina, and Michigan.
The MIAMI Association of REALTORS is a leading local real estate association with over 58,000 members and official partnerships with 287 international organizations worldwide.
