The Real Deal Miami

Miami, Miami Beach tops for foreign buyers

August 28, 2012 10:30AM

Miami and Miami Beach account for 31.3 percent of purchases by foreign buyers in Florida, according to data from Florida Realtors. Foreigners have paid a total of $10.71 billion this year for Florida residential properties, according to the report, approximately 19 percent of all home sales in the state so far. Continuing a trend, foreign buyers like to pay for their homes in cash — with nearly 82 percent of international sales made without financing. [Miami Herald] — Alexander Britell