According to new data from the Miami Association of Realtors, Chinese buyers generated the most global web searches for Miami-based residential properties during April.
China accounted for 9.44% of all international searches on MiamiRealtors.com last month, a significant uptick from its 5.49% share of searches in April 2022.
“Miami, a young major city in comparison to New York and Los Angeles, is building its link to Asia,” said Ines Hegedus-Garcia, board chairperson of the realtors’ group. “Chinese buyers, who rank among the top foreign buyers of U.S. real estate, are searching Miami properties. Now, it’s a matter of turning more of those searches into purchases. The launch of a direct Miami to Asia flight, which the county has been working on for years, would be a boon for both regions.”
Colombia was a tight second to China in searches for Miami properties, with a 9.42% share on online research last month. Rounding out the top five were Germany (8.94%), Venezuela (6.27%) and Argentina (5.83%).
Closer to home, Texas led the states searching MiamiRealtors.com for property, followed by Georgia, California, North Carolina and Ohio.