There are now about 400,000 Russian-speaking immigrants in the Miami area – among the highest in the U.S., according to the DBR.
Miami attorneys say that the number of inquiries from Russian speakers looking to immigrate has surged recently, thanks to instability in Russia and Ukraine. Some are wealthy, while others are just seeking a better living standard.
Some brokers have said that the collapse in the value of the ruble has caused Russian owners of Miami investment property to sell. The Miami Association of Realtors says that Russian nationals made up 3 percent of Miami’s international sales in 2015, up from 2 percent in 2014.