Foreign Buyers Spent $8.7B in South Florida Housing Purchases

Foreign buyers are buying less U.S. real estate-and that has ramifications for some of the nation’s priciest housing markets. International purchasers spent only about half of what they did on U.

In places like South Florida, international buyers already account for a whopping 25% of the market. California, Texas and Arizona also attract many foreign buyers, as do Hawaii and New York.

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Nationwide, Indian buyers spent $7.9 billion on U.S. real estate. But until recently, their penchant for New York real estate has faced barriers compared to other foreign buyers. In September, TRD.

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"Investors are spending 2, 3, 4 million dollars, plus. We’re talking serious money." Nearly 30 percent of international real estate transactions in Florida are made by Latin Americans. Venezuelans.

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Foreign buyers spent a record $US153 billion on US housing in the year through March 2017. Canadians bought $US19 billion worth of residential property, 113% more year-on-year. Purchases surged.

Overview. Foreign buyers play a significant role in the high-end housing market in South Florida. It has been suspected that many foreign buyers may choose to invest in real estate, because real estate investments can be made anonymously through a shell company.

When they heard he was building an oceanfront resort on a cliff in Tijuana, where both had family, they rushed to purchase. many condo buyers believed Mexico’s domestic corruption was somehow to.

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