International home, condo sales here jump 34%

Written by Miami Today on December 27, 2022

South Florida international home sales and dollar volume jumped 34% year-over-year in 2022, according to a report from the Miami Association of Realtors and the National Association of Realtors.

Foreign homebuyers spent $6.8 billion on South Florida residences in 2022, up from $5.1 billion in 2021. The 2022 total also topped 2020’s $5.6 billion. Global buyers bought 9,400 South Florida properties in 2022, up 25% from 7,500 in 2021, compared to an 8% drop nationally. It marked the most Miami foreign buyer purchases since 2019, before the pandemic, the report said.

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.