For the 12th consecutive month, Brazilians topped the list of foreigners searching the website of the Miami Association of Realtors for local real estate deals. Rounding out the top five for May were prospective buyers from Colombia, Canada, Venezuela and Argentina, according to the realtors’ association. In the U.S., the greatest web searches came from California, Georgia, Texas, New York and Illinois.

Miami is the third most popular city in the country for foreigners to search (after New York and LA) and still viewed as a bargain for foreign investors. For instance: A 1,290-square-foot condo in South Florida costs nearly $150,000 on average. A similarly sized unit in London would cost $960,000 and $776,000 in Hong Kong – according to The Real Deal.

The currency crises and political instability in Latin America and Europe have not deterred foreign interest – instead what we are seeing is that foreign buyers are more eager than ever to move their money into safer investments like U.S. real estate. For instance, Venezuelans accounted for the most international deals in South Florida with 16 percent.