The Real Deal Miami

Foreigners buy more Florida condos

February 20, 2008 03:33PM

Agents say that the weak dollar is bringing an increasing number of condo buyers to Miami from Europe, Canada and South America. Florida led the country in home sales to foreigners last year, according to National Association of Realtors study, accounting for 26 percent of such transactions in the U.S. The study also said that over 7 percent of Florida homes sold last year went to foreign buyers.