There is good news for the real estate market in Miami. More people than ever before are searching, buying and leasing properties. With the recent boom in the housing market, this isnâ€™t a surprise, and the good news is that the outcome should be positive for the long term. A great way to see the positive impact of the market upswing would be through the number of foreign buyers searching for properties in US.
The rate of foreign consumers searching for Miami real estate has increased in March 2013 according to Miami Association of Realtors. In March, Miami ranked only second to Los Angeles among the top 10 overall most searched US cities by non-U.S. consumers.
Miami moved up from fourth place in earlier rankings. Fort Lauderdale ranks eighth. If the Miami-Fort Lauderdale markets were combined, the ranking would be number 1. Here is the list:
1. Los Angeles
2. Miami, Fla.
3. Las Vegas, Nev.
4. Orlando, Fla.
5. Detroit, Mich.
6. Houston, Texas
7. New York, N.Y.
8. Fort Lauderdale, Fla.
9. San Diego, Calif.
10. Chicago, Ill.
â€śThese results reflect the strong demand from foreign buyers and investors that exists for Miami properties,â€ť says 2013 Chairman of the Board of the MIAMI Association of REALTORSÂ® Natascha Tello. â€śIt is interesting to see countries like India and Germany ranking among the top markets looking to buy or invest in Miami and South Florida. The Miami real estate market remains a mecca of global activity, differentiating us form the rest of the U.S. and fueling our vibrant real estate market.â€ť
Nationally, the Miami-Fort Lauderdale area is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S.
The top international searchers were from and they searched for:
â€˘ Canada: Las Vegas, Fort Lauderdale, Orlando, Detroit, Naples
â€˘ U.K.: Los Angeles, Orlando, Miami, Houston, Las Vegas
â€˘ Germany: San Antonio, Los Angeles, Cape Coral, Miami, Las Vegas
â€˘ Australia: New York, Los Angeles, Las Vegas, Houston, Detroit,
â€˘ Japan: San Diego, Alpharetta, Las Vegas, San Diego, San Antonio
â€˘ Mexico: San Diego, El Paso, Laredo, San Antonio, Las Vegas
â€˘ India: Los Angeles, Orlando, Chicago, Dallas, Houston
â€˘ Brazil: Orlando, Miami, Boca Raton, Fort Lauderdale, Miami Beach
â€˘ China: Detroit, Los Angeles, Irvine, Las Vegas, Orlando
â€˘ France: Chicago, Miami, Los Angeles, Miami Beach, San Diego
â€˘ Russian Federation: Los Angeles, Miami, Orlando, New York, Detroit
â€˘ South Korea: Las Vegas, Irvine, Los Angeles, San Antonio, Columbus
â€˘ Italy: Miami, Los Angeles, Miami Beach, New York, San Diego
â€˘ Netherlands: Los Angeles, Miami, New York, Houston, Las Vegas
â€˘ Switzerland: Miami, Las Vegas, Los Angeles, San Diego, Raleigh
â€˘ Spain: Miami, Los Angeles, New York, Las Vegas, San Diego
â€˘ Ireland: Los Angeles, New York, Orlando, Chicago, Miami
â€˘ Sweden: Los Angeles, Detroit, Parkland (FL), Miami, Fort Lauderdale
â€˘ Belgium: Los Angeles, Miami, Las Vegas, Naperville (IL), Orlando
â€˘ Philippines: Las Vegas, Saint Paul (MN), Indianapolis, Los Angeles, Henderson (NV)
For more information, please visit http://www.miamire.com/international/resources.