Profile of International Home Buyers in Florida

To assess the significance of foreign home buyers in Florida, the National Association of REALTORS®, in cooperation with the Florida REALTORS® Association conducted a survey of Florida REALTORS®, asking the membership about their experiences in working with international clients. The survey was conducted during the late June/early July 2011, and requested information on REALTOR® experience with international buyers over the previous 12 months. Accordingly, the conclusions for this year’s survey are applicable to the 12 months ending June 2011. A total of 1024 responses were received, of which 787 (77 percent of respondents) reported having served foreign clients.

Some highlights of the report:

• The recent global recession actually had a favorable impact on international purchases of Florida real estate.
• Approximately 25 percent of all sales in Florida are to foreigners.
• Nearly all sales are all-cash.
• Foreign purchasers tend to buy upper end homes

Read the full report HERE