Real Estate - December 14, 2018

International buyers keep Orlando high on Florida’s real estate market

Orlando stands out once again with a new important result for the Florida real estate market: the city remains the second destination of choice for international buyers in the state.

According to the National Association of Realtors 2018 Profile of International Residential Real Estate Activity in Florida, 9% of all Florida’s international buyers have opted to purchase a property in Orlando.

Lou Nimkoff, president of the Orlando Regional Brokers Association, addressed the city’s performance on an article in the World Property Journal. “The profile’s results show that foreign buyers accounted for approximately 11 percent of the Orlando-Sanford-Kissimmee Metropolitan Statistical Area’s 44,000 home sales. This happened during the study period of August 2017 through July 2018.”

The Miami-Fort Lauderdale-Miami Beach area attracted 53.7% of all Florida’s international transactions. The Tampa-St. Petersburg-Clearwater area ranked third with 9%. It’s the third year in a row that this ranking does not change.

Regarding origins, foreign buyers from Orlando are divided between Latin America and the Caribbean (47%), Europe (18%) and Asia (15%). In terms of countries, Brazilians represent 20% of international transactions, followed by Canadians and Venezuelans, with 8% each.

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