Foreign Buyers Love Florida Real Estate

Miami, Florida – According to the Miami Herald, foreign buyers spent $10.71 billion in Florida real estate during the year ending June 30.

Canadian Buyers

Canadian buyers are the #1 nationality to buy Florida real estate, accounting for 31% of all foreign real estate sales in Florida. While Canadians buy real estate throughout the state of Florida, their favorite Florida areas to buy include:

  • Southwest Florida (Sarasota, Bradenton, Venice) is the #1 area for Canadians buying Florida buy real estate, accounting for more than 14% of their purchases
  • Miami and Fort Lauderdale area is #2 at 12.9%
  • Naples and Marco Island area is #3 at 11.9%

Latin America Buyers

Latin American and Caribbean buyers are responsible for 35% of all foreign real estate sales in Florida.

Top spots for Latin American buyers included Miami, Miami Beach, and Fort Lauderdale.

Western European Buyers

Western Europeans are responsible for 22% of all foreign real estate sales in Florida.

In this group, buyers from the United Kingdom totaled 5% of all foreign purchases.

Foreign Buyers are Cash Buyers

Approximately 82% of foreign real estate sales were all cash. In contrast, 87% of U.S. homebuyers used financing to purchase real estate, according to the National Association of Realtors.

One Response to Foreign Buyers Love Florida Real Estate

  1. How to pick October 26, 2012 at 6:33 am #

    This is one of the most informative articles on this subject I have ever read. Kudos to the writer and publisher of this great content.

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