Did you know that Florida attracts more international buyers than any other state in the US?  In 2017, 21% of Florida's residential dollar volume in sales was from international buyers (up 2% from 2016). Listing with a RE/MAX agent provides your property with incredible international exposure.  A listing with RE/MAX is available in more than 95 countries, translated into 41 languages and displayed in 48 currencies.  www.global.remax.com.

Below are details from the new annual study on Florida's international real estate by Florida Realtors


New: 2017 Profile of international RE activity in Fla.


ORLANDO, Fla. – Nov. 10, 2017 – Since 2005, Florida Realtors has released an annual study on international real estate activity in Florida. Conducted by the National Association of Realtors (NAR) Research Group, it attempts to understand the interaction of members with international clients, the challenges and opportunities they face serving foreign clients, and the characteristics of foreign buyers who purchase Florida property.

The 2017 Profile of International Residential Real Estate Activity in Florida covers the 12-month period of August 2016-July 2017 and includes info on U.S. clients seeking to purchase property abroad.

The survey considers only residential purchases in the state.

Survey highlights

Florida residential property purchases by foreign buyers

  • Foreign purchases in the state increased to $24.2 billion, a $4.8 billion increase from 2016’s $19.4 billion
  • Foreign transactions accounted for 21 percent of Florida’s residential dollar volume of sales, a 2 percent increase year-to-year
  • Foreign buyers purchased 61,300 Florida properties (47,000 in 2016), which made up 15 percent of Florida’s residential market (12 percent in 2016)
  • The median purchase price paid by foreign buyers increased to $259,400 ($252,500 in 2016), which was in line with the overall increase in Florida prices
  • The median price paid by foreign buyers was 18 percent higher than the median price paid by all Florida buyers

Nationalities of Florida’s foreign residential buyers

  • Latin American and Caribbean buyers accounted for the largest portion of Florida foreign buyers (34 percent), though this group made up 39 percent the previous year.
  • Canadian buyers increased to 22 percent (19 percent in 2016)
  • Other countries remained consistent year-to-year: The share of European buyers was unchanged at 23 percent; Asian buyers at 10 percent; and African buyers at one percent
  • Most foreign buyers were concentrated in five metropolitan areas: Miami-Fort Lauderdale-West Palm Beach (53percent); Orlando-Kissimmee-Sanford (11percent); Tampa-St. Petersburg-Clearwater (nine percent); Cape Coral-Fort Myers (six percent); and North Point-Sarasota-Bradenton (five percent)

Transaction details

  • 72 percent of foreign buyers made an all-cash purchase
  • 68 percent of foreign buyers purchased residential property for vacation, residential rental or for both uses (72 percent in 2016); 49 percent bought a townhouse or condominium (52 percent in 2016)
  • 35 percent (40 percent in 2016) purchased in a central city/urban area; 15 percent purchased in a resort area (14 percent in 2016)
  • 93 percent of foreign buyers visited Florida at least once before purchasing a property (92 percent in 2016)


© 2017 Florida Realtors