MIAMI—Twenty Miami delegates are heading to Hong Kong Shenzhen, Guangzhou and Shanghai this January. The Miami Association of Realtors recently traveled to Shanghai. These missions aim to communicate the benefits of Miami's real estate market and appeal to buyers in China.
According to a recent Miami Association of Realtors report, Chinese buyers in Miami have risen by 1% this year. What's more, 42% of Chinese consumers purchasing property in Florida bought in Miami.
Some are saying Miami isn't 100% ready for China yet, but these summits can allow realtors and delegates to learn more about oversea interests, and stop pitching just Miami's weather, but cater to the types of foreign needs China is looking for. GlobeSt.com caught up with Tim Lobanov, managing director of Verzasca Group, a South Florida-based real estate development company, to dive into this topic.
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