Global Transactions Rebound in Florida

According to Florida Realtors® 2022 Profile of International Residential Transactions in Florida Report, residential acquisitions between August 2021 and July 2022 rose 5% compared to the prior 12-month period.

The major takeaways are:

- The combination of higher sales and rising prices meant dollar volume also increased, reaching $15.3 billion – 20% more than $12.3 billion in 2021.

- Florida remains a hotspot for international buyers and sellers, with a slight rebound in activity in 2022. However, constraints remain.

- Visitors to Florida from abroad have been rebounding since travel restrictions evaporated in November 2021.

- South America and Canada continued to lead the pack of international visitors in 2022. These same groups also translate into buyers, with 45% of Florida’s foreign buyers coming from Latin America/Caribbean and 21% coming from Canada.

- International buyers continue to favor South Florida, with 53% of purchases taking place in the Miami-Fort Lauderdale-West Palm Beach.

- Cash is king among foreign buyers, with 69% of their purchases made with all cash compared to 44% for all United States buyers

You find the complete report by clicking on the link below.

‍