Colombians invest $600 million in Miami real estate

In the mid-1980s, the American novelist Joan Didion said that Miami is not exactly an American city, but a tropical capital. According to The Economist, “the rumors are long, poorly remembered and burdened with the delusion of wild money.”

More than four decades later, the late author described the city as the tropical capital of Latin America, and money is still pouring in in industries like technology, finance, hospitality and, of course, the farm.

In fact, According to a recent report by the Miami Association of Realtors (Miami) and the National Association of Realtors (NAR), 5,500 Colombians invested more than $600 million in real estate in the purchase of real estate last year.

It’s a case Featured in the first four months of the year. In a list revealed by the Miami Association of Realtors, Colombia accounted for over 13% of searches, above countries like Argentina, at 6.50%; Spain, by 6%; Venezuela with 5.98%; UK at 5.15% and Canada at 5.11%.

“Miami is one of the five most attractive markets for investors from eight of the world’s ten largest regions,” explains Edgardo DeFortuna, President and CEO of Fortune International Group.

In addition to the tourism boom that attracted more than 96 million travelers last year, Miami is experiencing a major boom due to the development of new sectors.

The transformation of the city into one of the most important business scenarios, thanks to sectors such as technology, finance and hospitality, has all eyes focused on it”, Defortuna has been added to LR.

For more information visit Republic.

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