Miami’s luxury real estate market is experiencing an unprecedented surge in foreign investment, with international buyers now dominating the new construction sector in ways that are reshaping South Florida’s development landscape.
According to fresh data from the Miami Association of Realtors, overseas purchasers have claimed 52% of all new-construction home sales throughout South Florida during the past 22 months. This remarkable figure represents a fundamental shift in market dynamics that developers and brokers have been observing firsthand.
Latin American buyers are driving this transformation, accounting for an overwhelming 86% of international transactions. Colombia, Mexico and Argentina are leading the charge, with real estate professionals attributing the trend to mounting political instability in home countries combined with Miami’s reputation as a secure haven for wealth preservation.

The timing of these findings coincides with Miami’s ascent in global wealth rankings. The city has secured the fourth position worldwide for ultra-high-net-worth residents and claims the top spot for second-home ownership among the planet’s wealthiest individuals. These rankings underscore Miami’s evolution into an elite destination for affluent households seeking global investment opportunities.
Even as elevated interest rates and climbing insurance costs create headwinds, Miami continues to deliver compelling value propositions. Buyers consistently find they can acquire significantly more square footage in Miami compared to competing international markets, maintaining the city’s competitive edge in the luxury segment.
The confluence of political uncertainty abroad, Miami’s stable market conditions and its relative affordability compared to other global wealth centers suggests this foreign investment wave shows no signs of cresting in the near term.

Source: New York Post