Profile of International Home Buying in Miami
This report highlights the results of a survey of international sales experiences of Miami REALTORS® in 2014.
- 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.