July 7, 2022 Real Estate News

Colombian Buyers Return: Merrick Manor Sees Increased Activity After Election

Miami real estate experts predict a wave of Colombian buyers in the market following the election of leftist Gustavo Petro as the nation’s new president. Merrick Manor is already reporting a substantial increase in activity from prospective Colombian buyers and their real estate agents since June’s election.

A new article from The Real Deal details how Miami brokerages are ramping up their outreach to Colombia in anticipation of Colombians rushing to get their money out of the country before Petro is sworn in next month. The piece cites the Miami Association of Realtors’ list of countries whose residents searched online for Miami residences in May. Colombia topped the list for the third straight month.

At Merrick Manor in Coral Gables, sales agent Zenaida Figueroa is having many calls with potential buyers from Colombia and giving presentations about the luxury building to groups of real estate agents with Colombian clients.

“There is real urgency to get money out of Colombia as quickly as possible,” Figueroa said. “Miami real estate has historically been a safe haven for Latin Americans in countries with political instability. Merrick Manor’s flexible bulk packages are particularly generating interest from Colombian buyers.”

Petro is set to be sworn in as Colombia’s first leftist president on Aug. 7.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.