Did you know that in 2015… 36 percent of Total home sales in South Florida came with a $6.1 billion investment from International buyers?
Foreign buyers chose Florida above other states when buying homes from September 2014 to August 2015.
The survey covers Miami-Dade, Broward, Palm Beach and Martin counties, with Florida leading the country with 21 percent of the nation’s foreign purchases. Miami and Fort Lauderdale accounted for a whopping 50 percent of the state’s foreign sales.
It seems that foreign buyers tend to spend more than domestic buyers, according to the report. And 75 percent of their purchases are made with all cash.
In Broward, Canada and Venezeula, Colombia, Argentina, Brazil, India and Russia led the list, in Miami-Dade, Venezuela, Brazil, Argentina, Colombia, and Italy Mexico were the biggest international buyers. And in Palm Beach, Canada and Brazil were the top countries of origin for real estate buys.