Foreign Buyers Spent $8.7B in South Florida Housing Purchases

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Soaring home prices did not slow foreign buyers from spending more money on U.S. real estate than ever before. But you won’t guess where they are buying.

International buyers accounted for $6.1 billion or 36 percent of South Florida’s home sales in 2015, according to a report released on Thursday. From September 2014 to August 2015, foreign.

Answer: Yes, I’ve worked as a Real Estate Agent in South Florida since 2006 and have extensive experience representing Foreign Buyers who have purchased properties in South Florida. Within the U.S., the State of Florida has the highest number of Foreign Buyers who purchase properties-many of whom purchase properties in Southeast Florida.

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Foreign buyers spent $7.1 billion in S. Fla. last year. MIAMI – Feb. 9, 2018 – Foreign homebuyers spent $900 million more on South Florida homes and purchased more local residential properties in 2017 than they did in 2016, according to the new 2017 MIAMI International Homebuyers Report conducted by the Miami Association of Realtors (MIAMI) and the National Association of Realtors (NAR).

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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.

"I went from zero listings to $40 million worth of listings in South Florida.". foreign buyers are still an important source. And foreign buyers spend substantially more on properties.

Foreign purchases of American homes plunge 36% as chinese buyers flee the market. The average Amazon Prime member is reported to spend around $1,400 per year, while non-members spend $600.

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What Foreign Nationals Need to Know About Buying Florida Real Estate. Florida real estate has always been attractive to foreign buyers, even before the housing crash that depressed prices for both residential and commercial real estate and made foreign investment in Florida real estate a bargain for many buyers.