Interest of Russians to real estate in Miami after the election of Trump

Interest of Russians to real estate in Miami after the election of Trump

For the last year Russia rose from the fifth to the first place in terms of the number of requests for real estate in Miami. Experts connect this with the positive expectations of Russians from the presidency of Donald Trump. According to the Miami Realtors Association first from 2013 Russia became the leader in the number of requests on the portal of the association.  In 2016, Colombia and Venezuela took the second and the third places, respectively. On the fourth place is Argentina, on the fifth is Canada, on the sixth is Brazil, and India took the seventh line. The Philippines, Spain and the UK close the top ten. According to the words of the president of the association Christopher Zoller, the reason for desire to own a property in Miami is that is a young, multicultural, modern and economically diverse city.

Sunny Isles Beach was named “Little Moscow” due to a large number of Russian-owned grocery stores, restaurants, supermarkets, etc. The association recalls that about 7 million square meters of real estate in Miami belong to the billionaire Vyacheslav Doronin.

The organization notes that a number of investors are considering the election of Donald Trump as US President as a sign that relations between Russia and the United States can be improved in the near future. According to the research of the consulting company Knight Frank, the number of Russians who were interested in buying elite real estate in the United States has increased by 35% in comparison with the previous year after Trump’s victory.

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