Foreign investment in South Florida homes totaled $7B in ’17. Here’s where the money came from.

Despite the residential market’s lackluster year, foreign investors spent $7.1 billion on South Florida homes in 2017, up nearly 15 percent from the previous year’s $6.2 billion. Leading the pack in South Florida was Argentina with 15 percent of all foreign purchases last year, according to the Miami Association of Realtors. Venezuelans spent the second most in Miami-Dade, Broward, Palm Beach and Martin counties with 11 percent, followed by Canada and Colombia with 9 percent … Continue reading Foreign investment in South Florida homes totaled $7B in ’17. Here’s where the money came from.[more]