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Profile of International Home Buying in Miami

April 20, 2015

This report highlights the results of a survey of international sales experiences of Miami REALTORS® in 2014.

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Highlights:

  • International customers are an important niche market for Miami-Dade-Broward REALTORS®.
  • Despite economic slowdowns in Latin America and Western Europe, data indicate continued level of business comparable to the 2013 survey.
  • Latin American buyers are the majority of international customers in the area, followed by Canadians.
  • International buyers in Miami-Dade-Broward typically purchased higher-end properties compared to all buyers in Florida.
  • There is a preference for condominiums in the central/urban areas which buyers intend to use for vacation and rental investment purposes.
  • International Buyers tend towards cash sales.