Miami has once again become the top U.S. destination for international home buyers, with a strong rebound in foreign demand in 2025 that is reshaping the luxury real estate market. This is according to the latest international homebuyer report from the MIAMI Association of Realtors.
New data highlights how global capital flows, currency dynamics and ongoing geopolitical uncertainty are fueling a new wave of cross-border investment, placing Miami back at the forefront of international real estate markets.
Here are some key findings from the 2025 international real estate report.
• $4.4 billion in international purchases — In 2025, international buyers acquired residential property in South Florida totaling $4.4 billion, a 42% increase year-over-year and the highest amount of any U.S. market.
• Florida dominates foreign sales — Florida accounted for about one in five international home sales nationwide, and roughly half of that activity occurred in the Miami metro area, underscoring South Florida’s major role in global real estate investment.
• Miami leads the nation — International buyers accounted for approximately 15% of all local home sales in Miami, about seven times the national average, reaffirming Miami’s position atop U.S. markets for foreign buyers.
A weaker U.S. dollar, and ongoing political and economic instability in parts of Latin America, have helped drive demand from overseas investors, with many citing security, potential return and location as top reasons for purchasing property in Miami.
This resurgence of international interest comes as Florida maintains its long-standing status as the No. 1 U.S. destination for foreign buyers, a position the state has held for more than 15 years, according to the National Association of Realtors.