Miami and International Markets

Miami and International Markets South Florida Market Facts Campaign Miamire.com/Cobrand •  Top 20 Reasons to Visit & Buy •  International Referra...
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Miami and International Markets

South Florida Market Facts Campaign

Miamire.com/Cobrand

•  Top 20 Reasons to Visit & Buy •  International Referral Network •  International Magazine in Languages •  SFMarketIntel Flyer •  International Flyers •  Miami Market Facts – Rankings, Market and County Info

MIAMI:     By  the  Numbers     How  we  rank…    

America’s  cleanest  city  .  .  .  Miami     As  Ranked  by  Forbes  for  its  year-­‐round  good  air   quality,  green  spaces,  and  clean  drinking  water.       Also,  Miami  is  the  only  major  “subtropical”  city  in  conInental  U.S.;   average  temperature  75  F/  23  C  

Happiest  City  to  Work  .  .  .  Miami     Miami  was  named  the  “Happiest  City  to  Work”  for   the  second  consecuIve  year  in  2016.       Miami’s  growing  startup/technology  scene  and  all-­‐year   sunny  weather  were  key  factors  in  the  high  raIng.     (Source:  Career  Bliss  –  January  2016)  

Most  internaIonal  city  in  the  United  States  …  Miami     About  51%  of  the  Miami  popula3on  is  foreign  born.   Miami’s  concentra3on  of  foreign-­‐born  residents  is   more  than  double  the  na3onal  average  of  19.4%.       (Source:  U.S.  Census  Bureau)  

Most-searched U.S. city for international home buyers . . . Miami Miami is the top U.S. destination for foreign home buyers. (Source: Realtor.com, Trulia.com- March 2016)

 

2nd-fastest growing economy among large U.S. cities . . . Miami Among all cities, Miami had the 17th best economy. Miami’s growing population, startup network, tech industry and new businesses fueled the high rankings. (Source: Wallet Hub – September 2015)

 

4th-healthiest city in America . . . Miami Miami’s clean air, access to quality health care, rate of smokers, walkability and amenities were key factors in the ranking. (Source: Livability – April 2015)

4th-fastest growing neighborhood in America … Downtown Miami Downtown Miami, which grew from 40,000 to 80,000 residents from 2000 to 2015, is an American boomtown and is projected to have a five-year household growth of 14.9 percent (Source: Realtor.com – April 2016)

2nd-best place in America to start a business . . . Miami South Florida finished second behind Austin, Texas for the best location to start a business. (Source: American City Business Journals study of small-business vitality, April 2016)

5th-most walkable city in the United States . . . Miami Miami finished with a walk score of 75.6, trailing only New York (87.6), San Francisco (83.9), Boston (79.5) and Philadelphia (76.5). (Source: Walk Score – April 2015)

5th-greenest city in the United States . . . Miami Miami’s air quality, transportation, energy sources for heating in homes, and housing density contributed to the ranking. Miami trailed only Honolulu, Washington, D.C., Arlington, Va., and San Francisco.

6th-best air quality in the United States . . . Miami Miami had a median air quality index of 43, tied with Seattle, Hialeah and Fort Lauderdale. Only 8 cities had a better air quality index than Miami. (Source: 2014 U.S. Environmental Protection Agency’s daily Air Quality Index)

Top destination for migrating New Yorkers . . . Miami About 22,000 New Yorkers migrated to Miami between 2009 and 2013. (Source: U.S. Census Bureau)

Top destination for migrating New Yorkers . . . Miami About 22,000 New Yorkers migrated to Miami between 2009 and 2013. (Source: U.S. Census Bureau)

6th-best city for Hispanic entrepreneurs . . . Miami Two South Florida cities, Hialeah (No. 6) and Miami (No. 15), were ranked among America’s best cities for Hispanic businesses (Source: WalletHub – April 2016)

2nd-highest proportion of Hispanic owned businesses in the United States . . . Miami Miami finished with the second-highest proportion of Hispanic-owned firms with 69.2 percent, more than twice the U.S. average rate. (Source: U.S. Census Bureau’s 2012 Survey of Business Owners)

12th-most important city in the world for the ultra-wealthy . . . Miami In the United States, Only New York and Miami are at the top for where ultra-high-net-worth individuals want to live, work and invest. (Source: Knight Frank- March 2016)

Luxury real estate … Miami in Top Ten Christie’s International Real Estate ranked Miami among its top 10 luxury markets in its “Luxury Defined” 2015 report. Only three other U.S. cities made the prestigious list: New York, Los Angeles, and San Francisco.

●  Growing  area  for  medical  tourism:  Miami  boasts  33  hospitals.  BapIst  Hospital  ranked  as  one  of   the  highest  performing  hospital  systems  in  the  country.  The  region  also  provides  specialized  care   that  paIents  can’t  find  in  any  other  part  of  the  world.         ●  Cruise  capital  of  the  world:  Known  worldwide  as  the  "Cruise  Capital  of  the  World"  PortMiami  is   the  global  headquarters  for  five  leading  cruise  lines  –  Carnival  Cruise  Lines,  Norwegian  Cruise  Line, Royal  Caribbean  Cruises,  Oceania  and  its  sister  company  Regent  Seven  Seas  Cruises.  PortMiami  is   ranked  among  the  fastest-­‐growing  seaports  in  the  naIon.  Port  Everglades  is  one  of  the  top  three   cruise  ports  in  the  world.       ●  Beaches:  Greater  Miami  has  84  miles  of  AtlanIc  Ocean  coastline,  67  square  miles  of  inland  waterways   and  15  miles  of  world-­‐famous  beaches  for  running,  walking,  and  swimming.     ●  Parks  &  RecreaIon:  Miami-­‐Dade  County  Parks  is  the  third-­‐largest  county  park  system  in  the   United  States,  consisIng  of  260  parks  and  12,825  acres  of  land.  Miami  is  the  only  city  in  the  U.S.   bordered  by  two  separate  naIonal  parks:  Biscayne  NaIonal  Park  and  Everglades  NaIonal  Park.  

 

●  America’s  top  tourist  desInaIon:  Miami  ahracted  a  record  15.1  million  visitors  from  Sept.  2014  to  Aug.  2015. Miami  has  broken  mulIple  tourism  records  in  recent  years.  Miami  led  the  naIon  in  April  2015  in  average  daily   hotel  occupancy  (84.2),  average  daily  room  rate  ($241.70)  and  revenue  per  available  room  ($203.49),  according   to  Smith  Travel  Research.       ●  Banking  and  InternaIonal  Business:  Miami  has  the  largest  concentraIon  of  domesIc  and  internaIonal  banks   south  of  New  York  City,  with  approximately  87  financial  insItuIons  and  33  foreign  bank  agencies.  “The  Gatewa to  LaIn  America”  also  has  more  than  1,000  mulInaIonal  corporaIons.       ●  Schools:  Miami  Dade  County  Public  Schools  receives  more  NaIonal  Magnet  Schools  of  Merit  Awards  than  any other  school  district  naIonally.  Miami  offers  460  choice  programs  in  all  grade  levels,  which  is  the  most  of  any   Florida  school  district  and  among  the  top  in  the  country.         ●  UniversiIes:  South  Florida  has  seven  universiIes/colleges  and  five  law  schools.  Miami  Dade  College  is  the   largest  and  most  diverse  college  in  the  naIon.  MDC  has  the  largest  undergraduate  enrollment  of  any  college  or   university  in  the  country  (92,085  credit  students  in  2014-­‐15).         ●  World-­‐class  art  and  entertainment:  Downtown  Miami  has  the  highest  concentraIon  of  cultural  insItuIons  in   the  Southeast.  Downtown  has  the  Adrienne  Arsht  Center  for  the  Performing  Arts  and  a  new  waterfront  art  

SFMarketIntel.com for complete statistics on the South Florida Real Estate Market

137 Global Parnerships Worldwide

Released September 2015

Top States for International Buyers 21% Florida 16% California _____ 8% Texas 5% Arizona

We are 50% Of the entire Florida International Market 36% Miami 14% Ft Lauderdale

Brazil 62%

Venezuela 68% Latin America/Caribbean 67%

China 45%

Western Europe 39%

2015 Profile of International Home Buyers in Miami Association of REALTORS® Business Areas

January 2016

Prepared for the Miami Association of REALTORS® by the Research Division of the National Association of REALTORS® Lawrence Yun, Senior Vice-President and Chief Economist Danielle Hale, Managing Director, Housing Research Gay Cororaton, Research Economist January 2016 This Report may be cited with the proper attribution. ©2016 Miami Association of REALTORS® and National Association of REALTORS®

Dollar Volume of International Sales of Members: $6.1 Billion or 36 Percent of Residential Dollar Sales* In Billion Dollars Palm Beach; $0.16; 2.7%

Martin County; $0.03; 0.5%

Broward, $1.10; 18.0%

Miami-Dade; $4.82; 78.9%

Source: National Association of REALTORS®

*Based on estimate of transactions closed by Miami REALTORS® members

Top Tier Countries of International Buyers of Miami REALTORS® Members in 2015 Survey

13% Venezuela 12% Brazil 10% Argentina 10% Colombia 7% Canada 5% Mexico 4% France 4% Italy

13% 12%

10%

10%

7%

5% 4% 4%

Venezuela

Brazil

Argentina

Colombia

Canada

Mexico

France

Italy

Next Tier Countries of International Buyers of Miami REALTORS® Members 4.0%

3% Ecuador 3% Spain 3% Russia 3% D.R. 2% Chile 2% China 2% U.K. 2% Peru

3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Ecuador

Spain

Russia

Dominican Republic

Chile

China, People's United Kingdom Republic

2011

3%

4%

2%

3%

2%

1%

3%

3%

2012

3%

3%

2%

3%

2%

1%

1%

3%

2013

2%

3%

3%

3%

2%

2%

2%

3%

2014

3%

3%

2%

2%

2%

2%

2%

3%

2015

3%

3%

3%

3%

2%

2%

2%

2%

Peru

Other 3.4%

Cash Sales Accounted for 75 Percent of International Sales

Don't know 0.3%

With mortgage financing - Home country 1.0%

With mortagage financing - US sources 20.8%

All cash 74.4%

Cash  Sales   Cash Sales Among Major Buyers

Venezuela Brazil Argentina Colombia Canada All  foreign  buyers

Percent  of  buyers 74% 75% 80% 66% 86% 74%

International Opportunities

Spain - inmociónate 2016 June 16-18, 2016 | Sitges, Spain (30 minutes from Barcelona) http://www.inmocionate.com/  

•  Organized by UCI, brings together top real estate agents from all of Spain to share the latest trends & best ideas to be successful in current markets. •  Also features top market leaders from the US who offer the latest trends and information as it pertains to the U.S. including industry information, best practices, distressed property market, social networks, online marketing & other tools. •  MIAMI Partnering to Present Similar Event in Miami in the future.  

Nar-­‐India  8th  Annual  ConvenIon,  New  Delhi  

August  13-­‐14,  2016  |  New  Delhi,  India  |  Hotel  Novotel  New  Delhi  Aerocity   narindiaconven3on.in  

•  Participate w/MIAMI - $199 •  Hosted  by  the  Associa3on  of  Property  Professionals,  Delhi  NCR,   the  Conven3on  promises  to  be  the  biggest  realty  event  in  India.   •  bringing  together  industry  leaders  and  realty  experts  from  India   and  across  the  world.     •  Two-­‐day  Conven3on  will  see  rich  programming,  educa3onal   sessions,  valuable  insights  and  an  abundance  of  networking   opportuni3es.   •  Plus August 16 in Bangalore – Additional Programming & FIABCI Networking Dinner  

Gran  Salon  Inmobiliario  2016  -­‐  Corferias  

August  25-­‐28,  2016  |  Bogota,  Colombia   gransaloninmobiliario.com  

Colombia - MIAMI Exhibiting – Two Options for Members: Reserve  your  Booth  –  with  a  10%  discount.    Click  Here  (link  to   aTached  PowerPoint)  for  more  informa3on.    To  reserve  your  booth,   email  Salomón  Correa  Franco  at  [email protected].   Booth  Cost  with  MIAMI  Member  Discount:   Basic  Booth  $212.50/sqm  |  Silver  Design  Booth:  $342.50  |  Gold   Design:  $372.50/sqm     Reserve  Time  in  the  Miami  Booth  –  Reserve  3me  in  the  MIAMI   booth  for  $499  per  person  (approximately  2.5  hours  per  day).         PresenIng  2  Programs  in  Spanish  for  Professionals  &  Public  

Real  Estate  Week  2016  &  Convencao  SECOVI  2016   August  27-­‐31,  2016  |  Sao  Paulo,  Brazil   convencaosecovi.com.br   [email protected]  

Brazil  

SECOVI,  MIAMI’s  first  interna3onal  partner  organiza3on,  will  present   nBraew  technologies,  updated  informa3on,  modern  prac3ces   networking  and  debates  that  will  transform  the  Brazilian  real  estate   market  and  the  way  business  are  done.       Opening  ceremony,  Real  Estate  Showcase  (Interna3onal  networking)   Interna3onal  session,  Educa3on  sessions,  Interna3onal  Urban  Forum   Property  management  panel  &  Technical  visits     22nd  Premio  Master  Imobiliario  (Awards  Program)   August  31,  2016  |  Sao  Paulo,  Brazil   premiomasterimobiliario.com.br/site/  

Cityscape  Dubai  

September  6-­‐8,  2016   Dubai  World  Trade  Centre,  UAE   cityscapeglobal.com  

Dubai  -­‐  Members  -­‐  Reserve  Time  in  the  Miami  Booth  –  Reserve  3me   in  the  MIAMI  booth  for  $499  per  person  (approximately  2  hours  per   day).     Discover  what  opportuniIes  are  available  in  the  global  real  estate   market  –  what  is  new  and  what  is  on  track  for  delivery.  Share   knowledge  and  gain  industry  insight  in  person  or  online  through   interac3ve  and  content-­‐rich  programs.  Learn  how  the  region   con3nues  to  improve  transparency  and  the  regulatory  framework   to  support  investors.  Find  out  what  is  s3ll  offering  the  best  returns   for  your  investment.  Link  with  a  cross-­‐secIon  of  real  estate   professionals.  

Mediterranean  Real  Estate  Forum  (FIM)   Presented  by  FNAIM13  InternaIonal   Commihee   October  7-­‐8,  2016  |  Marseille,  France  

France  -­‐  Partner  AssociaIon  event  will  highlight  Provence  and  the   local  real  estate  market  as  well  as  real  estate  opportuni3es  in  market   abroad.       •  Featuring  a  forum,  property  visits,  a  cocktail  recep3on  on  Oct.  7,   and  a  lunch  on  Oct.  8.       •  Roundtable  topics  include,  asset  management,  the  metropolis  of   the  21st  Century  –  social  and  economic  impact,  targe3ng  foreign   clients  to  develop  local  markets,  presenta3on  of  interna3onal  real   estate  markets.       •  MIAMI  Members  are  invited  to  par3cipate  and  will  receive  one   night  complimentary  hotel  room  at  the  Concorde  Prado  (hotel   near  the  event).  

El  Salvador  InternaIonal  Congress  &  Expo   October  22-­‐24,  2016   San  Salvador,  El  Salvador   •  El  Salvador  -­‐  Partner  AssociaIon  invita3on  to  present   informa3on  on  Miami  Market  and  Interna3onal  Buyers  in  the  U.S.   at  their  Premier  Annual  Event   •  Congress  on  October  22   •  Two-­‐Day  Expo  –  October  23-­‐24   •  Leaders  from  AMPI  and  other  interna3onal  organiza3ons  to   par3cipate  along  with  MIAMI    

New  MIAMI  Signed  Agreement  with  

Juwai.com  

Where  Chinese  Find  InternaIonal  ProperIes  

•  All  43,000  MIAMI  LisIngs  will  be  on  Juwai.com   •  No  Charge  for  MIAMI  Members     •  MIAMI  MarkeIng  Materials  (“Top  20  Reasons  .  .  .”  and  others)   will  be  translated  by  them  &  available  on  their  site   •  Exclusive  to  MIAMI  in  Miami-­‐Dade,  Broward,  Palm  Beach,  MarIn   &  St  Lucie  

Who’s looking at Miami properties…

South  Florida:     The  No.  1  Market  in  the  U.  S.  for  InternaIonal  Consumers    

The  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach  market  ranked  as  the  top  market  in  the  world  for   internaIonal  consumers  searching  for  U.S.  real  estate  in  January  2016,  according  to  Realtor.com.       The  top-­‐10  markets  for  overall  internaIonal  real  estate  demand:      

1. Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL   2.  Los Angeles-Long Beach-Anaheim, CA 3.  Bellingham, WA 4.  Kahului-Wailuku-Lahaina, HI 5.  Urban Honolulu, HI 6.  Orlando-Kissimmee-Sanford, FL 7.  New York-Newark-Jersey City, NY-NJ-PA 8.  Tampa-St. Petersburg-Clearwater, FL 9.  Houston-The Woodlands-Sugar Land, TX 10. Naples-Immokalee-Marco Island, FL

South  Florida  ranked  as  a  top-­‐five  market  in  8  of  the  top-­‐10  largest  regions  in  the  world  -­‐    March   2016  Realtor.com:         ● North America: 1. Chicago-Naperville-Elgin, IL-IN-WI; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Dallas-Fort Worth-Arlington, TX; 4. Miami-Fort Lauderdale-West Palm Beach, FL; 5. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. New York-Newark-Jersey City, NYNJ-PA; 4. Los Angeles-Long Beach-Anaheim, CA; 5. Dallas-Fort Worth-Arlington, TX ● Northern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Orlando-Kissimmee-Sanford, FL; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Tampa-St. Petersburg-Clearwater, FL ● Australia and New Zealand: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Dallas-Fort WorthArlington, TX; 4. San Francisco-Oakland-Hayward, CA; 5. Chicago-Naperville-Elgin, IL-IN-WI ● Western Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Miami-Fort Lauderdale-West Palm Beach, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV; 5. Tampa-St. Petersburg-Clearwater, FL ● Caribbean: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. Tampa-St. Petersburg-Clearwater, FL; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Atlanta-Sandy Springs-Roswell, GA ● Southern Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-NewarkJersey City, NY-NJ-PA; 4. Chicago-Naperville-Elgin, IL-IN-WI; 5. Tampa-St. Petersburg-Clearwater, FL ● Eastern Asia: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Washington-Arlington-Alexandria, DC-VA-MD-WV; 4. Chicago-Naperville-Elgin, IL-IN-WI; 5. San Francisco-Oakland-Hayward, CA ● Western Asia: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Houston-The Woodlands-Sugar Land, TX; 5. Washington-Arlington-Alexandria, DC-VA-MD-WV ● Eastern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Miami-Fort Lauderdale-West Palm Beach, FL; 3. Chicago-Naperville-Elgin, IL-IN-WI; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Orlando-Kissimmee-Sanford, FL

Posted at

MiamiRE.com/Market Teresa King Kinney, CEO [email protected] 305-468-7010

Lynda Fernandez, SVP [email protected] 305-468-7040