Florida continues to be a hotspot for international real estate investors, with significant interest from abroad despite market challenges. Between August 2023 and July 2024, international buyers contributed a total of $7.1 billion in residential purchases.

During this period, 10,900 existing homes were purchased by international buyers, accounting for 3% of all existing home sales. Notably, 69% of these buyers had their primary residence outside the United States, highlighting the state’s allure as a global destination.

Canadian buyers led the way, making up 17% of international sales and spending $1.3 billion, the highest among foreign investors. Argentina (10%), Colombia (7%), Brazil (6%), and the United Kingdom (5%) followed.

Top destinations for these buyers included Miami-Ft. Lauderdale-West Palm Beach, which attracted 49% of all international buyers.

International buyers showed a strong preference for higher-value properties, with a median purchase price of $469,000—well above the $395,000 median for all Florida existing homes. Additionally, 67% of these purchases were made in cash, significantly contrasting the 50% all-cash rate seen nationally among U.S. international buyers.

(source: floridarealtors.com, picture: Nick Pryde)