Profile of International Home Buying in Miami

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Highlights

  • The 2017 survey provides information on the international residential transactions of the Miami Association of REALTORS® (“MIAMI”) during August 2016–July 2017.
  • MIAMI’s foreign buyers purchased $7.2 billion of residential property in the counties of Miami-Dade, Broward, Palm Beach, and Martin during August 2016–July 2017, an increase from one year ago ($6.2 billion).
  • Foreign buyers accounted for 29 percent of Florida’s $24.2 billion of international dollar sales volume.
  • Foreign buyers who primarily reside abroad accounted for 69 percent of MIAMI foreign buyers compared to 42 percent nationally.

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The CIPS Designation

The CIPS designation provides NAR members with the knowledge, research, network, and tools to globalize their business.