International buyer purchases of Florida residential properties experienced a significant 50% increase in sales volume between August 2024 and July 2025. Despite this growth, overall sales remain below pre-pandemic levels due to persistent high prices, rising interest rates, and economic uncertainty. The total dollar volume for international buyer purchases reached $10.4 billion, a notable rise from the previous year’s $7.1 billion, though still short of the 2020 peak.
Key Takeaways
- International buyer dollar volume surged by 50% to $10.4 billion.
- Canadian buyers led in dollar volume, followed by a resurgence from Colombia.
- Price remains the primary deterrent for potential international buyers.
- A vast majority of international buyers still prioritize visiting Florida before purchasing.
Top International Buyer Nations and Destinations
Canadians were the dominant force in Florida’s international real estate market, accounting for 18% of all international buyers and leading in dollar volume with $1.9 billion. Following Canada, Colombia saw a remarkable comeback, with its buyers spending $925 million, propelling Brazil to third place. Mexico also re-entered the top five countries by dollar volume.
The most sought-after destinations for international buyers continue to be the major metropolitan areas. The Miami-Fort Lauderdale-West Palm Beach region attracted the largest share, with 45% of international buyers choosing this area. Other popular locations included Orlando-Kissimmee-Sanford, Cape Coral-Fort Myers, and Tampa-St. Petersburg-Clearwater.
Buyer Preferences and Challenges
Despite the increase in transactions, challenges persist. Approximately 70% of respondents reported that international clients ultimately decided against purchasing a Florida property, with the price of the property being the most cited reason (42%). While Florida is considered a bargain compared to other U.S. destinations, competition for properties remains high, limiting negotiation opportunities.
Visiting Florida before making a purchase remains a crucial step for most international buyers, with 90% having visited at least once. This indicates a strong preference for experiencing the location firsthand. Furthermore, 68% of international buyers intended to use their Florida properties for vacation, rental, or both, highlighting the state’s appeal as a tourist and investment destination. Notably, 60% of international buyers paid all cash for their properties, a significantly higher rate than the national average for international buyers.
Sources
- International Real Estate Profile | Florida Realtors, Florida Realtors.