According to a report by the National Association of Realtors and Realtors of Florida, from August 2019 to July 2020, sales of existing condominiums and single-family properties in Florida to foreign buyers were $15.6 billion, which means a slight decrease from the previous year, but still accounting for 11% of the total dollar volume of existing home sales in Florida, the report notes.
As restrictions on foreign travel are relaxed, interest rates remain at historic lows and Miami’s place as the center of global attention solidifies, some forecast that the second half of 2021 will see more Latin American buyers turn their sights to the city, with opportunity to buy with traditional financing schemes (available to most domestic buyers) also available to them.
In PFS Realty Group given our real estate activity we are focused on advising those people and families who are interested in making investments of this type in Miami, Orlando and South Florida, we have been working for more than twenty (20) years and for this, twenty (20) years that give us a specialty in what we do, If you want to explore real estate investment opportunities, we can schedule a meeting, face-to-face or virtual, to expand this information. Write to us at info@pfsrealty.kinsta.cloud and also visit our www.pfsblog.kinsta.cloud website to learn more about us.
Source: https://www.bizjournals.com/southflorida/news/2021/08/06/global-investors-drive-miami-real-estate-market.html