Profile of International Residential Real Estate Activity in Florida

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Highlights:

  • Foreign buyers purchased $22.9 billion of Florida’s existing detached single-family, townhomes, and condominiums during the reference period of the 2018 survey, a five percent decline from the level during the previous 12-month period ($24.2 billion).
  • Most foreign buyers—67 percent—made an all-cash purchase (72 percent in 2017).
  • Most foreign buyers—71 percent—purchased residential property for vacation, residential rental, or for both uses (68 percent in 2017). Nationally, 37 percent of all foreign buyers purchased for these purposes.
  • Foreign buyers had a preference for townhouses or condominium—53 percent—while only 43 percent purchased a detached single-family home. Three percent purchased residential land and another three percent purchased other types of properties.

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