Miami Condo Market and Lifestyle Updates
International Buyers Account for 36% of All Real Estate Sales in South Florida, Study Says

International Buyers Account for 36% of All Real Estate Sales in South Florida, Study Says

by Sep Niakan | February 09, 2016

International buyers have accounted for $6.1 billion in cash, or 36% of home sales in South Florida in 2015.

A study taken by the Miami Association of Realtors and the National Association of Realtors, called the 2015 Profile of International Home Buyers, determined that foreign buyers are highly invested in Floridian property.

From September 2014 to August 2015, international buyers chose Florida over other states when buying homes in the United States. Out of all of the international buyers, Venezuela, Brazil, Argentina, Colombia, and Canada accounted for 62% of those sales.

The study considered the counties of Miami-Dade, Broward, Palm Beach, and Martin. It found that South Florida leads the United States’ foreign purchases at 21%, with Miami and Fort Lauderdale together accounting for half of Florida’s numbers.

The following is the top ten list of countries investing in South Florida:

1.       Venezuela

2.       Brazil

3.       Argentina

4.       Colombia

5.       Canada

6.       Mexico

7.       France and Italy

8.       Ecuador

9.       Spain

10.     Russia



Photo credit:

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...