Profile of International Home Buyers in Florida
To assess the significance of foreign home buyers in Florida, the National Association of REALTORS®, in cooperation with the Florida REALTORS®, has conducted an annual survey of the experiences of Florida REALTORS® in working with non-resident international clients since 2007.
Florida is one of the major U.S. destinations of international residential real estate buyers. Approximately 25 percent of foreign home buyers in the U.S. purchase property in Florida. In the 12 months ended June 2014, the dollar value of purchases of non-resident foreigners buying property in Florida is estimated at approximately $7.97 billion, an increase from the previous 12-month period’s level of $ 6.43 billion.