Florida Leads the Nation in International Home Sales: What It Means for Buyers and Sellers in Miami

Florida once again claimed the top spot in international home sales in 2024, with foreign buyers investing billions in properties across the state. But here’s what really matters for local buyers and sellers: More than half of those transactions took place in South Florida.

If you're thinking about buying or selling real estate in Miami-Dade or South Broward, this growing global demand should be on your radar. Let’s take a closer look at what’s driving international interest and how you can take advantage of it.

Florida Pulled in $12.6 Billion From International Buyers in 2024

In 2024, international buyers purchased nearly 19,000 properties in Florida, spending a total of $12.6 billion. That’s a 20 percent increase from the previous year and a clear sign that foreign demand is back in full force.

These buyers are coming to Florida for more than sunshine. They’re attracted by no state income tax, strong rental potential, long-term equity growth, and the ability to pay in cash without the constraints of U.S. financing.

Over Half of International Sales Happened in South Florida

Miami-Dade, Broward, and Palm Beach counties accounted for 52 percent of all international home purchases in Florida. This reinforces what local agents and residents already know, South Florida is still the epicenter of global real estate interest.

Some key facts:

• Latin American buyers continue to lead the way, especially from Colombia, Argentina, Brazil, and Venezuela
  
  
• Canada, the UK, France, and Germany remain strong sources of European interest
  
  
• The average international buyer spent $661,200, well above the state average
  
  

If you own property in Miami, Coral Gables, Kendall, Doral, or Palmetto Bay, you could be sitting on something highly attractive to international investors.

Why Global Buyers Keep Choosing Miami

So why do international buyers continue to choose Miami over other cities?

1. Cultural fit: For Latin American buyers, Miami feels like a second home. Spanish is widely spoken, and the business culture is familiar.
   2. Investment flexibility: Condos in Brickell, Midtown, and Sunny Isles offer strong short-term and long-term rental opportunities.
   3. Location: With direct flights from Europe, Latin America, and Canada, buyers can get in and out of Miami with ease.
   4. Long-term appreciation: Properties in neighborhoods like Pinecrest, Cutler Bay, and West Kendall offer strong appreciation potential and community appeal.

Who Is Buying in South Florida, And Where

Understanding who is buying and where helps sellers position their property correctly and helps buyers see the competition.

• Colombian and Brazilian buyers are shopping for condos in Brickell, Edgewater, and Doral
  
  
• Argentine buyers are looking at Coral Gables, South Miami, and West Miami for primary homes or seasonal escapes
  
  
• European buyers are targeting waterfront homes in Coconut Grove, Miami Beach, and the Upper East Side
  
  

Most of these buyers are paying in cash and prefer move-in-ready properties that require minimal effort to manage from abroad.

What This Means for Sellers in Miami and Broward

If you’re a homeowner in South Florida thinking of selling, this influx of international buyers is an opportunity. Many of these buyers are less rate-sensitive, ready to buy with cash, and more flexible on timing. They’re also looking for quality and location.

That means single-family homes and condos across Miami Lakes, Pembroke Pines, and Kendall are in high demand, especially if they’re staged, well-maintained, and marketed correctly.

Take action:

• Get a free home value estimate: Home Valuation Tool
  
  
• Talk to an expert: Schedule a Seller Consultation

What Buyers Should Know in a Competitive Market

If you’re a local buyer, don’t let international competition discourage you, but do take it seriously. These buyers often move quickly and don’t need financing. That means your offer has to be strong, clean, and strategic.

Even in areas like Homestead, Miramar, and Hialeah Gardens, buyers are facing multiple offer scenarios. Being prepared is your best advantage.

Start smart:

• Search Homes Now
  
  
• Estimate Your Payment
  
  
• Book a Free Buyer Consultation
  
  

Will This Trend Continue?

Yes. Global uncertainty is leading more people to put their money in U.S. real estate, and Florida continues to be the top destination. Between our climate, tax advantages, rental potential, and cultural connection to Latin America and Europe, the appeal is strong and steady.

From a local perspective, this means Miami-Dade and South Broward will likely remain hot spots for international activity, especially as prices continue to climb in places like California and New York.

Final Thoughts: A Global Market, A Local Advantage

When half the international home sales in Florida happen in your backyard, it’s a signal. Miami is not just a local or national market; it’s an international one. That creates an opportunity for both buyers and sellers who understand what’s happening and how to act on it.

If you’re selling, this is a great time to position your home to appeal to both local and international buyers.
If you’re buying, make sure your offer stands out and that you’re working with someone who understands how to win in a competitive landscape.

Ready to Take the Next Step?

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Let’s talk strategy — whether you’re buying, selling, or simply curious about your home’s value in this global market.

About Julio N Suarez and Silvia M Suarez - The Suarez Team
We’re Julio and Silvia Suarez, a husband-and-wife real estate team serving Miami-Dade and South Broward. With nearly 20 years of experience and a deep passion for helping people buy, sell, and invest in residential real estate, we’re here to guide you every step of the way, with local knowledge, honest advice, and personalized care.

📍 Based in South Florida | Licensed with LPT Realty
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