Miami has once again secured its position as the top U.S. destination for international home buyers, according to the newly released 2025 Profile of International Home Buyers by the MIAMI Association of Realtors (MIAMI).
The report shows year-over-year increases in foreign buyer share, global buyer dollar volume, and total international sales—outpacing every other U.S. market.
Florida accounts for one in five international home sales nationwide, and nearly half of those transactions occur in the Miami-Fort Lauderdale-West Palm Beach metro area. South Florida’s foreign buyer share reached 15% in 2025—seven times the national average (2%) and three times the Florida average (5%).
“Miami is where the world wants to be,” said MIAMI Chairman of the Board Alfredo Pujol. “We are America’s youngest major city, full of energy and innovation. With unmatched diversity, strong price appreciation, and global appeal, it’s no surprise that 93% of international buyers choose Miami for security, profitability, and location.”
The survey reflects international residential transactions conducted by MIAMI members between August 2024 and October 2025.
Global Buyer Sales Surge
Foreign buyers purchased $4.4 billion in South Florida residential real estate in 2025, up from $3.1 billion in 2024—the highest total of any U.S. market. International buyers acquired approximately 5,300 properties, compared to 4,000 the previous year.
Key drivers of this growth included a weaker U.S. dollar against major global currencies, particularly the euro, and ongoing political instability in Latin America. These factors increased Miami’s attractiveness as a secure investment destination for high-net-worth global buyers.
International buyers also play a dominant role in new construction. According to MIAMI Realtors’ New Construction Global Sales Reports, foreign buyers accounted for 49% of South Florida new construction, pre-construction, and condo conversion sales over an 18-month period ending July 2025. The most recent report, published in November 2025, showed increased global participation from buyers across 73 countries.
South Florida Captures 10% of All U.S. International Sales
Florida remains the No. 1 state for foreign home buyers for the 17th consecutive year, representing 21% of all international U.S. home sales, according to the National Association of Realtors. About 45% of Florida’s international transactions occur in the Miami metro area, allowing South Florida to capture roughly 10% of all international home sales nationwide.
While foreign demand remains strong, Miami also continues to benefit from significant domestic migration, particularly from high-tax, high-density states such as New York, California, and New Jersey.
Colombia Leads Foreign Buyer Activity
Colombia ranked as the top foreign country purchasing South Florida real estate in 2025. The leading countries of origin were:
- Colombia (15%)
- Argentina (12%)
- Mexico (7%) and Brazil (7%)
- Venezuela (5%) and Canada (5%)
- Peru (5%), Spain (4%), Chile (4%)
- Italy (3%)
Buyers from Colombia and Argentina alone accounted for 27% of all international closed sales. Overall, South Florida attracted buyers from 55 countries, providing a diversified and resilient global demand base unmatched by most U.S. markets.
Miami-Dade Dominates Regional Activity
Miami-Dade County accounted for 73% of South Florida’s foreign buyers, totaling $3.2 billion in international sales volume in 2025. Broward County recorded $785 million, while Palm Beach County totaled $123 million.
Colombia was also the top purchasing country in both Miami-Dade and Broward counties, while Argentina led foreign buying activity in Palm Beach County.
Higher Prices, Cash Purchases, and Condo Demand
International buyers in Miami paid a median price of $558,700 in 2025—13% higher than the national foreign buyer median of $494,400. Mexican buyers recorded the highest median purchase price at $934,000, followed by buyers from Brazil, Colombia, Canada, and Argentina.
Approximately 51% of international transactions in South Florida were completed in cash, exceeding the national average of 47%. Condominiums were the preferred property type (51%), and most buyers focused on central, urban locations intended for vacation or rental use.
Global Reach, Minimal Visits
Notably, 65% of foreign buyers purchased with two visits or fewer to Florida, including 11% who bought without visiting at all. Nearly half of MIAMI Realtors (43%) worked with an international client in the past year—more than double the national average. With 299 global partner organizations and ongoing international outreach, Miami continues to strengthen South Florida’s position as one of the world’s most desirable real estate markets.
Click here to access the full 2025 the International Homebuyer Transations Of Miami Association of MIAMI Realtors report.
Source: StreetInsider
