A guide for international luxury homebuyers
By Gina Faridniya Originally published on October 14, 2015|Mansion Global
It’s no secret that Miami has become a premier destination for residential property seekers from around the world.
Despite the strength of the U.S. dollar and economic slowdowns in Latin America, Miami-Dade County remains a top market for international homebuyers, with the majority of foreign purchasers coming from Venezuela, Argentina, Brazil and Colombia, according to a survey conducted by the National Association of Realtors for the Miami Association of Realtors. Additionally, some South Florida agents are ramping up efforts to lure buyers from China.
Miami ranked as the sixth most important city in the world for ultra-high-net-worth individuals, according to this year’s Knight Frank Wealth Report.
Due to its booming condominium market and popularity abroad, Miami is the first in Mansion Global’s new series “How to Buy in…,” a guide for international investors looking to purchase homes in the world’s top cities.
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