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Report: Colombian Interest in Miami Real Estate is Booming

Move over, Brazil

Move over Brazil, there’s a new country showing heightened thirst for South Florida real estate and her name is Colombia, via Mansion Global:

At the top of the Miami Association of Realtors’ ranking stands Colombia, which in April registered the most global searches for South Florida properties through the industry group’s portal (www.miamire.com) for the fifth consecutive month, according to new data.

"Colombians see U.S. real estate as a good place to put their money," Vilma López of Realty Blueprint in Weston, Fla., said, noting that Miami is conveniently just a three-hour flight away from Bogota.

As for purchases, Colombia ties with Argentina for third among foreign buyers in Miami, accounting for 10 percent of all foreign transactions in South Florida, per a recent survey.

However, Brazil still tops Colombia in foreign transactions at 12 percent, but trails Venezuela at 13 percent.