Global - Just The Facts
- $19.4 Billion: Foreign buyer purchases of Florida residential properties decreased to $19.54 billion ($23.7 billion in 2015). This accounted for 19% of Florida's residential dollar volume of sales (24% in 2015).
- 12%: Foreign buyers purchased 47,000 residential properties (44,000 in 2015), which made up 12% of Florida's residential market.
- $412,000: The average price of foreign buyer purchases declined to $412,000 in 2016 compared with $539,000 in 2015.
- 39%: Latin American and Caribbean buyers accounted for the largest fraction of foreign buyers at 39%.
- Top 5: The top five countries of origin by dollar volume were Canada ($3 billion), Brazil ($2.8 billion), Venezuela ($1.5 billion), the UK ($1.4 billion), and Argentina ($1.4 billion).
- 52%: Foreign buyers purchased property across Florida, but they were concentrated in the Miami-Fort Lauderdale-West Palm Beach (52%) area.
Source: Florida Realtor Magazine (April 2017)
80% of First-time Homebuyers Put Down Less than 20% Downpayment
