Investor Presentaiton
About the Report
Objective of the Report
From 2005 to 2021, Florida Realtors® and the National Association of
Realtors® collaborated on an annual surveys to assess international
investment trends in Florida residential real estate, including sales
volume, characteristics of international buyers, and challenges and
opportunities inherent in cross-border transactions.
Beginning last year in 2022, the Florida Realtors Research
Department assumed full authorship of this annual report. We
continue to collaborate closely, however, with our partners at the
National Association of Realtors Research Group on survey design
and data collection, and we are grateful for their continued
contributions in producing this vital source of information about
international investment in Florida residential real estate.
This year's 2023 Profile of International Residential Transactions in
Florida report presents information from Florida Realtors members
regarding residential transactions with international clients closed
during the 12-month period of August 2022 to July 2023. For the
survey results presented in this report, the year 2023 refers to this 12-
month period, and the year 2022 refers to the period of August 2021-
July 2022.
Questions and Citation Guidelines
If you have questions about this report, please contact the Florida
Realtors Research Department at [email protected].
The contents of this report should be cited with proper attribution
given to Florida Realtors.
Survey Methodology
In August 2023, online survey invitations were sent to about 238,000
Realtors across the state of Florida. A total of 5,275 Realtors
completed the survey from August 9 through September 25, of which
1,104 reported a closed international buyer transaction during the
reference period. Respondents were asked about their real estate
activity over the period of August 2022-July 2023, and were asked
detailed questions about the characteristics of the most recent
transaction.
To correct for over- or under-response from Realtor members in each
metropolitan area, the sample distribution of respondents was
reweighted by a factor that aligns the sample distribution to the Florida
Realtors membership distribution across the state's 22 metropolitan
areas.
Who Is an International Client?
The term international client refers to two types of clients:
- Non-resident internationals (Type A): Non-U.S. citizens with
permanent residences outside the United States. These clients
typically purchase property as an investment and/or for vacation, or
visits of less than six months to the United States.
- Resident internationals (Type B): Non-U.S. citizens who are
recent immigrants (in the country less than two years at the time of the
transaction) or visa holders residing for more than six months in the
United States for professional, educational, or other reasons.
2023 Profile of International Residential Transactions in Florida
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