MIAMI – (RealEstateRama) — The MIAMI Association of REALTORS® (MIAMI) will promote South Florida real estate at the world’s largest property show in France. In partnership with the National Association of Realtors® (NAR), MIAMI leaders and members will market South Florida in an expanded U.S. pavilion at the annual MIPIM International Real Estate Show on March 15-18 in Cannes, France.
“South Florida offers a lifestyle like no other global region,” said Mark Sadek, a Coral Springs Realtor and 2016 MIAMI Chairman of the Board. “A center for culture, art and entertainment, Miami has grown into a world-class city with a diverse and growing jobs market. We are looking forward to again promoting South Florida on this global stage and building on our long history of international relationships.”
Seven MIAMI leaders and two members are scheduled to attend. The MIAMI leaders include Sadek, 2017 Chairman of the Board Christopher Zoller of EWM Realty International, 2015 Chairman of the Board John Dohm of Infinity Commercial Real Estate, 2016 Residential President Carlos Gutierrez of Gutierrez Group Miami Real Estate Keller Williams, 2016 Commercial President Maria Juncadella of Fairchild Partners, 2017 Commercial President José Maria Serrano of New Miami Realty, and 2016 Broward President Donna Reid of Coldwell Banker Residential Real Estate.
MIAMI members Vivianne Swietelsky of Coldwell Banker Residential Real Estate and Marcela Gillman of Luxury Properties and Rentals will also attend.
MIAMI to Highlight Robust Local Market in MIPIM Presentations
MIAMI leaders will be making four, 30-minute presentations at MIPIM. A South Florida market overview and an update on the region’s growing number of international home buyers and investors will be among the topics discussed.
In South Florida, foreign real estate buyers accounted for 36 percent or $6.1 billion of total sales volume last year, according to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Areas, conducted by MIAMI and NAR.
Florida remains the top state for international buyers with 21 percent of all foreign purchases in the U.S., according to NAR’s 2015 Profile of Home Buying Activity of International Clients. In Florida, Miami and Fort Lauderdale account for 50 percent of foreign sales, according to the 2015 Profile of International Home Buyers in Florida.
Industry research shows foreign buyers plan to invest more cash in U.S. real estate in 2016 than in 2015, which saw massive inflows of foreign capital to the U.S. market. Sixty-four percent of foreign investors surveyed by the industry association AFIRE plan to increase U.S. property investments in 2016.
Almost 90 Countries Set to Participate at MIPIM
Some 21,000 leading real estate executives from 89 countries, including more than 4,800 investors, are set to travel to Cannes, for the four-day annual gathering of the global real estate industry. The event brings together investors, developers, occupiers, architects, hotel groups, public authorities, city mayors and property associations from around the world.
MIAMI has produced a 12-page South Florida real estate informational brochure to distribute to MIPIM participants. The brochure details the growth of Florida and Miami’s global business hubs, South Florida’s vibrant commercial market, Miami’s record trade, tourism, residential market opportunities and more.
In addition to Miami, U.S. markets featured at the MIPIM USA pavilion include the states of Florida, Illinois, Missouri and Nevada, and the metro areas of San Diego, Las Vegas and Scottsdale, Ariz. The CCIM Institute and the Institute of Real Estate Management will also be featured in the USA pavilion
“The U.S. is consistently among the top-ranked markets for real estate investors,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs. “Events in other global markets, including the slowdown in China and the recession in Brazil, further strengthen the U.S. position as the safest place to put money and see strong returns for both domestic and international investors.”
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 96 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents more than 41,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with 136 international organizations worldwide. MIAMI’s official website is www.miamire.com.
About National Association of REALTORS®
The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association. NAR’s 1.1 million members, including NAR’s institutes, societies and councils, are involved in all aspects of the residential and commercial real estate industries.
MIPIM, the world’s leading property market, brings together all the key actors of the real estate business. Investors, developers, end-users, architects, hotel groups, public authorities and property associations gather in Cannes for four intensive days of networking, matchmaking and development of international business relations. MIPM has established itself as an essential meeting place for city administrations who attend in order to both promote inward investment opportunities and discuss major key policy issues that urban conglomerations are facing around the world. Learn more at www.mipim.com.