According to MIAMI Association of REALTORS Chairman of the Board, Colombians and all home buyers love Miami because it is young, modern, multicultural, multilingual and growing. Historically, changes in the political landscape have led to more searches and purchases by global buyers.
The influx of international investment in South Florida is a welcome change for sellers and brokers, now that high mortgage rates have pushed domestic buyers to the sidelines. And the numbers show that foreign investment is returning. Brokers are particularly seeing buyers from Brazil, Argentina, Colombia.