The Growing Internet Presence of Miami Real Estate
Miami is becoming popular to foreign consumers in the area of residential real estate shopping, ranking next to Los Angeles, according to Realtor.com. The city was up from fourth place in terms of popularity.
Another South Florida area gaining popularity is Fort Lauderdale, ranking 8th among foreign buyers as well.
The top foreign buyers looking for homes in Miami according to Miamire.com were from Canada, Brazil, Colombia, Venezuela and Argentina. In addition, according to Realtor.com, Miami is a favorite search for consumers from Italy, Spain and Switzerland.
Indeed, Miami is becoming more and more attractive to foreign buyers owing to the fact that despite the spike in home values, properties in the city are still more affordable than those found in other areas in the country.