The real estate market in Miami is always active and international buyers represent an interesting portion of demand.
Despite a small parate for the presidential elections in the United States, Florida shows that it remains a magnet for investors. According to the annual Florida Realtors report, in 2024 Argentina led as the Latin American country with the greatest amount of purchase of estate In Miami, followed by Colombia and Brazil.
“In recent years, Argentine buyers have been a fundamental part of the real estate market of Miami. Argentines value properties that allow diversifying their assets and generating an investment return. This type of estate It combines the benefit of being a solid investment with the appeal of having a home in a vibrant city like Miami, ”he said, Peggy OlinPresident of Oneworld Properties, a company specialized in real estate in the United States. “In 2024, we saw a 20% purchase increase, highlighting the constant interest of the Argentine and Latin American market,” he added.
Many projects are raising in Miamisome of great firms and with renowned investors. “Yes ok Miami He had a great development in the last 20 years, in particular, in these last three, he has been the epicenter of a true revolution that has allowed him to reach an unprecedented level of activity. In each corner, one can appreciate the beginning of a new work, ”he said Jorge Kuperfman, Owner of Miami Life Realty.
What are the favorite areas of Miami for international investors
The Argentines focused last year their search on departments and condominiums. Florida Realtors, told Miami-Fort Lauderdale-West Palm Beach as preferred, accumulating 47.3% of international purchases. Other outstanding areas include Tampa-ST. Petersburg-Clearwater with 11% and Orlando-Kissimmee-Sanford with 9.7%.
The average sale price in Florida increased slightly by 2024 and remains high compared to the years before the pandemic. According to the report, the average sale price among international buyers was US $ 469,000 in 2024, which represents an increase of US $ 53,000 compared to 2023.
“The average Argentine invests between US $ 300,000 and one million. Profitability is around 6% although the most important thing is the revaluation of properties. Argentines who invest in Miami They are not specialists or, necessarily, large investors because the investment can be made in a very simple way, even without traveling to the city. They are people who saved and find out investment options. 90% buy to rent and the rest to use it when traveling and then allocated to temporary rental, ”said Kupferman.
“The real estate market of Miami It remains solid and dynamic. After a slight pause related to uncertainty for presidential elections in the United States, we have observed a strong return of buyers, both national and international. Latin Americans, in particular, continue to see Miami as a capital refuge and a strategic investment. Geographical and cultural proximity, combined with the perception of stability and opportunities in the market, continues to attract this segment. In addition, the constant development of innovative and sustainable projects makes Miami It is positioned as a constant evolution market, ideal for both investments and residences, ”said Olin.
How the real estate market changed in recent years
The Florida real estate market experienced a remarkable transformation in recent years, accompanied by the immense growth of the city, with its cultural, sports, artistic, etc. Although Latin American buyers were always an important pillar in Miamithe pandemic brought a new wave of internal migrants from other parts of the United States.
“Families and professionals from cities such as New York, Chicago and San Francisco sought refuge in southern Florida attracted by their warm climate, their relaxed lifestyle and the possibility of working remotely while enjoying a quality of life. This phenomenon, combined with the relocation of large companies to the region, transformed the market and increased the demand for residential and commercial properties throughout the south of Florida, ”said Olin.
“Additionally, important developments such as Miami WorldCenter, which include residences, shops and entertainment, have redefined the market, consolidating Miami as a global center for business and culture, ”he concluded.
Source: Ambito
