Foreign Buyers Spent $8.7B in South Florida Housing Purchases

Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Leading the pack in South Florida was Argentina with 15 percent of all foreign purchases last year, according to the Miami Association of Realtors.

Another $41 billion was spent by buyers who had recently moved to the United States from other countries and those with long-term visas. foreign buyers paid an average of $315,000 per home in 2011, in comparison to the overall U.S. average of $218,000 per home, the report shows.

Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Leading the pack in South Florida was Argentina with 15 percent of all foreign purchases last year, according to the Miami Association of Realtors.

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with foreign buyer purchases down to 19% of Florida’s overall home sales in 2018, from 21% in 2017. Sellers of high end properties should consider reaching out to Chinese and Brazilian buyers, the.

Foreign investment in the U.S. housing market saw an explosion of growth from last year as it surged to an all-new high. This increase was fueled by an increase in sales dollar volume from.

Brazilians occupy third place in foreign tourists to Disney World in Florida, behind only the Canadians and British. Travelers from the largest country in South America. tourists from Brazil spent.

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Canada’s burning hot housing market, particularly in Toronto and Vancouver, has fueled purchases in the U.S. with a large contingent of Latin American buyers in Florida, Canadians spent the most of.

Amid signs the economy is strong overall – until last week, the stock market was reaching new peaks – boat retailers are anticipating a wave of new buyers. And with two important boat shows coming to.

Profile of International Residential Real Estate Activity in Florida. Florida is the state which produces the largest share of U.S. residential home sales to international clients, accounting for 23 percent of total sales. NAR estimates these sales at $68.2 Billion to resident and non-resident foreigners. This is.