Almost half of all international home buyers in Florida between August 2022 and July 2023 were people from Latin American countries. They were by far the group that bought the most houses, as Northern America (virtually all from Canada) and Europe were second and third, representing 18 and 17 percent of all purchases, respectively.
The figures come from a report by Miami Realtors, which, however, highlights that overall purchases dropped 18 percent inter-annual. Different factors can explain this: one of them is a lower supply, as the report says that Florida's single-family home inventory was still 24 percent lower than February 2020, before the pandemic began.
