According to reports, Russia is now the top country searching for Miami real estate since the election of Donald Trump. According to the Miami Association of Realtors®, data shows that Russians have been searching for real estate in Miami once again with Knight Frank reporting a 35% increase in Russian interest in buying luxury properties. The jump in demand stems from expectations of relations improving between the United States and Russia with the new Trump administration. Sunny Isles Beach has a large Russian population, which is reflected in the culture that encompasses the neighborhood. According to the same report, Canadians spent the most on South Florida real estate in 2016 amongst international buyers and 81% o their deals were all cash.
Top-10 countries Searching Miami Real Estate
- United Kingdom