India’s real estate bubble could be Miami’s gain

India’s real estate bubble could be Miami’s gain

This year has seen the Miami Association of Realtors make some big moves to strengthen its international network, which included association representatives traveling to India in August to try and sell the South Florida market.

“India is one of the fastest growing economies in the world and ranks among the largest foreign buyers of U.S. real estate,” MIAMI CEO Teresa King Kinney said.

In fact, India is the third-largest foreign buyer of U.S. residential real estate, according to the National Association. Indian buyers from April 2015 to March 2016 accounted for $6.1 billion in transactions, behind only China ($27.3 billion) and Canada ($8.9 billion). And in Miami, their presence is growing.

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