“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. We try to be steely eyed realists here at SFBTN headquarters – but the waves of positive news about our local economy and real estate market have been too big, plentiful, and consistent to ignore in recent weeks. While challenges to the economy and real estate remain significant, the items below indicate a bright present, … [more]
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 … [more]