Latin American buyers dominate South Florida Real Estate investments | Real Estate
Latin American buyers are dominating the real estate market in Miami and South Florida, with investments approaching $400 million.
A recent report from the Miami Association of REALTORS shows investors from Latin American countries totaled $367 million in real estate transactions between August 2023 and July 2024.
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Regionally, Latin America accounted for 29% of all foreign real estate investments across the United States. This share of the real estate market is growing year after year, largely attributed to political and economic instability in South American countries in particular.
The report provides the following highlights:
– 91% of buyers acquire a property for investment purposes, whether for permanent rental, vacation rentals, or a mix of both.
– 68% pay with cash, reflecting strong liquidity and the decision to dollarize savings in the face of local economic instability.
