Miami remains top U.S. market for international homebuyers

Key points:

• Miami remains the top U.S. market for international buyers, with foreign investors driving over half of new-construction sales.

• Latin American capital, led by Colombia and Argentina, continues to fuel luxury condo demand and cash-heavy transactions.

• Political stability, price appreciation, and lifestyle appeal are reinforcing Miami’s role as a global safe haven for wealth.

February 2026 — As of early 2026, Miami has reaffirmed its position as the number one U.S. destination for international homebuyers, according to a MIAMI Realtors press release. Foreign buyers account for a significant 52% of all new-construction sales in South Florida, and this trend is driven largely by Latin American investors, who represent 86% of all foreign transactions in the region.

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The influence of Latin American buyers on Miami’s real estate market is unmistakable, with Colombia leading the way as the top foreign buyer. Holding a 15% foreign buyer share of the market, Colombian investors have shown consistent interest in South Florida, with 39 consecutive months of global search interest. Argentina follows closely behind, with a 12% market share, and its buyers are particularly active in the luxury $1M+ condo segment.

“Miami is where the world wants to be. We are America’s youngest major city, filled with energy and innovation. We are the most welcoming and diverse community with unparalleled price appreciation. So, it’s no wonder that a staggering 93% of Miami global buyers purchased for security, profitability, and location,” Borja Alfredo Pujol, current chairman of the board of the MIAMI Association of Realtors, said in a press release.

Other Latin American countries, such as Mexico and Brazil, also play a pivotal role, according to MIAMI Realtors. Mexico accounts for 7% of the market, having the highest median purchase price at $934,000, reflecting a preference for high-value properties. Brazil also makes up 7% of the market share, with a median purchase price of $777,400.

In addition to Latin American countries, other international buyers from Canada (5%), Venezuela (5%), Peru (5%), Spain (4%), Chile (4%), and Italy (3%) contribute to the overall diversity of the foreign buyer base in Miami, according to the press release.

A notable trend in the Miami real estate market is the prevalence of cash transactions. Approximately 51% of international buyers in South Florida are paying in cash, significantly higher than the 47% national average, according to MIAMI Realtors. This indicates not only the buying power of foreign investors but also their desire to close deals quickly, often without the need for financing.

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“Miami offers world-class amenities at a global discount. Seventy-three countries buy Miami new construction, and it’s because we are the most diversified and the most welcoming city in the world. The American dream is alive, and Miami is the gateway,” said Eddie Blanco, the 2025 chairman of the board of the MIAMI Association of Realtors, as cited by South Florida Agent.

In terms of new construction, Miami is seeing a surge in demand for new condos and luxury towers. Global buyers are particularly drawn to these new developments, with Colombian (23%) and Mexican (20%) buyers leading the charge in the purchase of new-construction units in November 2025. This preference for fresh, modern properties further underscores the demand for high-end living spaces in the region.

Miami has solidified its reputation as a global hub for ultra-high-net-worth individuals (UHNWIs). With over 13,200 multi-millionaires owning second homes in the city, according to the Miami Herald, it has become the world’s top destination for second-home ownership among the ultra-wealthy. These buyers are often looking for a combination of luxury, security, and profitability.

The city’s allure lies in its ability to provide not just luxury living but also a safe haven for capital according to Own Luxury Homes. Many international buyers are drawn to Miami due to political and economic uncertainties in their home countries, seeking to park their wealth in a stable, profitable market.

“Miami continues to solidify its position as a premier destination and global safe haven for international buyers. Fueled by political and economic uncertainty abroad, buyers are drawn to Miami’s stability, long-term investment potential, and enduring value,” said Daniel de la Vega, president of ONE Sotheby’s International Realty, in a press release.

When it comes to neighborhood preferences, Brickell continues to dominate as the top choice for global investors. Known for its live-work-play environment, Brickell offers a vibrant urban lifestyle that appeals to both investors and residents alike. Following Brickell in popularity are Miami Beach and Coral Gables, both offering a combination of luxury living and proximity to the best amenities Miami has to offer.

Miami’s real estate market remains a global powerhouse, attracting investors from across Latin America and beyond. With its strong foreign buyer presence, preference for luxury properties, and dominance in new construction, the city is set to continue its reign as the No. 1 U.S. market for international homebuyers well into 2026 and beyond.

Want more? Read the Invest: Miami report.