24% of US international realty buyers pick Florida sites

Written by Monica Correa on August 2, 2022

Almost a quarter of the nation’s real estate international buyers, which accounts for $59 billion from countries such as Mexico, China, Brazil, India and Colombia, are purchasing residential properties to live in or for investment in Florida.

According to the 2022 International Transactions in US Residential Real Estate report from the National Association of Realtors, international buyers of real estate accounted for 2.6% of the total dollar volume of existing home sales from April 2021 to last March. Canada tops the list at 11% of the foreign buyers, followed by Mexico, 8%; China, 6%; India, 5%; and Brazil and Colombia, both 3%. Florida is top destination, where 24% of the US’s international buyers have invested in real estate. California, Texas and Arizona follow behind.

To obtain access to the rest of this story and every article of this week’s edition and future editions, login to your subscription or click here to subscribe.