MIAMI — Poland emerged as the leading source of global online searches for real estate in South Florida in March 2024, as per a recent report by the MIAMI Association of REALTORS® (MIAMI). Poland has maintained its top position for two consecutive months.
“The Miami real estate market isn’t confined to just a couple of regions; it’s truly global,” stated Gus Fonte, Chairman of the Board of MIAMI in 2024. “Poland, a newcomer to our top-10 list of searchers, has once again taken the lead. Global political instability and conflicts prompt international buyers to seek secure, appreciating markets like Miami. With Poland sharing a 332-mile border with Ukraine and ongoing tensions between Russia and Ukraine, this trend is understandable.”
Approximately 144 countries conducted searches on MiamiRealtors.com in March 2024. Colombia, a prominent global buyer in South Florida, secured the second spot. Colombia has consistently ranked in the top two countries searching for Miami real estate over the past 25 months.
Top 10 Countries Searching on MiamiRealtors.com in March 2024:
| Country | Share of International Searches |
|---|---|
| Poland | 16.9% |
| Colombia | 8.9% |
| United Kingdom | 5.8% |
| British Virgin Islands | 5.8% |
| Argentina | 5.5% |
| Russia | 5.4% |
| Canada | 4.9% |
| Venezuela | 4.2% |
| Spain | 3.9% |
| India | 3.5% |
| All other countries | 35.2% |
Leading Global Markets for South Florida Real Estate
According to the 2023 Profile of International Home Buyers by the MIAMI Association of REALTORS® (MIAMI), Colombia emerged as the largest purchaser of South Florida real estate among foreign countries in 2023. Colombian buyers accounted for 15% of all international purchases in South Florida. Argentina (14%), Brazil (7%), Venezuela (6%), and Canada (6%) followed closely.
Florida remains the top destination in the United States for foreign buyers, constituting 23% of all sales, according to NAR’s 2023 Profile of International Transactions in U.S. Residential Real Estate. Florida has maintained its position as the leading state for foreign homebuyers for the past 15 years.
More than half of all international home sales (47%) in Florida occur in the Miami-Fort Lauderdale-West Palm Beach area, as per the 2023 Florida Realtors’ annual Profile of International Residential Real Estate Activity in Florida.
Florida hosts one in every five international home sales in the United States, with half of those transactions taking place in the Miami metropolitan market. South Florida accounts for approximately 11% of all global home sales in the United States annually.
For further information, visit www.miamirealtors.com.