Asian buyers fuel Miami real estate boom amid new US residency incentives
Implications for brokers and lenders
This influx of international capital can drive up demand and, consequently, prices, especially in luxury and new construction segments. Cross-border deals are often more complex, requiring brokers and lenders to navigate international regulations, anti-money laundering (AML) compliance, and additional due diligence.
Brokers with expertise in international transactions or multilingual capabilities may see a competitive advantage. Mortgage professionals will need to stay abreast of evolving visa programs, like the Gold Card, and state-level restrictions, such as SB 264, which can change buyer eligibility and transaction timelines.
Foreign buyers often pay cash, but as residency programs like the Gold Card make it easier to establish US ties, more international clients may seek US-based mortgages. This could spur demand for specialized loan products, cross-border financing solutions, and partnerships with international banks. Lenders may need to adapt underwriting criteria to accommodate foreign income, credit histories, and documentation.
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