International Buyers Dominate South Florida New Construction Sales

International buyers South Florida new construction sales have reached a historic milestone. Over the past 22 months, foreign purchasers have accounted for 52% of all new-construction, pre-construction, and condo-conversion sales, according to the MIAMI Association of Realtors. The data underscores Miami’s growing role as a global wealth hub and a safe haven for international capital.

Miami’s global stature continues to rise. The city now ranks No. 4 worldwide for ultra-high-net-worth residents and No. 1 globally for second-home ownership among the ultra-wealthy, cementing its role as an international magnet for capital, lifestyle, and long-term investment.

Surge in International Demand

Global buyers dominate new-build sales

Foreign buyers accounted for 52% of new-construction sales during the most recent 22-month period, up from roughly 49% in the prior comparable timeframe—evidence that international momentum is accelerating rather than plateauing. Buyers now hail from 73 countries, highlighting Miami’s broad and diversified global appeal.

Cash remains king

Many of these transactions are cash purchases, insulating deals from interest-rate volatility and tighter lending conditions. This cash-heavy buyer pool helps stabilize pricing and sustain development activity even during periods of broader market uncertainty.

Where the Buyers Are Coming From

Latin America leads the influx

Latin American buyers dominate the international cohort, accounting for 86% of all foreign purchases. The leading source countries are Colombia, Mexico, and Argentina, with additional demand spread across dozens of other nations as developers and brokers expand global outreach.

Why Miami stands out

For many buyers, Miami represents a safe, transparent market amid political or economic uncertainty at home. Relative value also plays a major role: for $1 million, buyers can acquire roughly 58 square meters of prime real estate—nearly four times what that budget buys in Monaco and about double what it delivers in New York or London.

What This Means for Investors and Landlords

Durable demand and pricing support

International capital reduces reliance on domestic buyers, providing a buffer during economic slowdowns or credit tightening. Cash-driven demand can help stabilize cap rates, lower foreclosure risk, and support steady long-term appreciation.

New construction and luxury outperform

High-amenity towers, branded residences, and luxury new-build condos geared toward high-net-worth buyers are well positioned to outperform older inventory. Many foreign owners use units as second homes, creating attractive opportunities for seasonal leasing and premium rental strategies.

Long-term upside in key submarkets

Compared with other global hubs, Miami still offers compelling value. As international demand deepens, investors may benefit from both income and capital appreciation—particularly in high-profile submarkets such as Downtown Miami, Brickell, Miami Beach, and Coconut Grove.

A Market Being Reshaped

The fact that international—largely Latin American—buyers now control the majority of South Florida’s new-construction sales marks a structural shift, not a passing trend. Miami is evolving into a fully global real-estate market, fueled by foreign capital and lifestyle-driven demand. For landlords and investors, the signal is clear: new-build condos supported by international cash buyers may offer resilient returns and long-term growth in a city whose global appeal continues to strengthen.

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