FLORIDA #1 DESTINATION FOR FOREIGN BUYERS

22% Florida

15% California

10% Texas

4% New York,  Arizona, New Jersey and Illinois

The numbers speak for themselves. When it comes to buying properties in the U.S., Florida ranks higher than any other state.

According to the Miami Association of Realtors, foreign investors love Florida best.

The reasons include: desirable location, secure and profitable investment.

South Florida garners 52% of all international sales in Florida – including Miami, Fort Lauderdale and West Palm Beach (Broward, Miami Dade and Palm Beach Counties).

55% of foreign buyers view the prices of properties in Florida LESS expensive than those in their home country.

13 countries spent $4.9 Billion of Total $6.2 Billion 80% of Sale

The top tier countries investing in South Florida real estate (in order) include:

  • Venezuela
  • Argentina
  • Brazil
  • Colombia
  • Canada
  • Mexico
  • France
  • Peru
  • Italy
  • Ecuador
  • China
  • Dominican Republic
  • United Kingdom

Brazilians and Canadians purchased more expensive properties on average.

Average Purchase Price:

Brazil $775,000

Canada $646,000

Venezuela $534,000

Argentina $406,000

Colombia $388,000

All = $570,00

When you’re ready to buy a property in South Florida, give me a call to see if I can help you find your perfect house or condo. 55% of Miami foreign buyers purchased Condos, indicating their preference for low-maintenance properties with lots of amenities.

 

 

 


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