ORLANDO, Fla. – Dec. 16, 2016 –Florida Realtors latest report, Profile of International Residential Real Estate Activity, finds that international sales hit $19.4 billion this year, though that's less than the $23.7 billion spent in 2015.
As a percentage of total dollar volume spent on Florida real estate in 2016, international sales made up 19 percent. However, that's a drop from 24 percent last year. Nationwide, foreign buyers made up only seven percent of existing home sales' dollar volume. In the report, 2016 refers to the 12-month period from August 2015–July 2016.
High profile findings
- Foreign buyers purchased 47,000 residential properties in the 12-month period (44,000 in 2015) – 12 Read More