Destinations: Hot or Not?
While international buyers can be found in almost every part of Florida, three key regional markets have the most appeal, according to real estate brokers and sales associates familiar with their local markets:
South Florida. For decades, buyers from Latin America and the Caribbean have purchased homes in the Miami–Fort Lauderdale area. Traditionally, Venezuela, Colombia, Brazil, Ecuador and Argentina are the biggest markets, although Mexican buyers have also discovered Miami. The number of buyers from each country varies with economic and political trends, and in recent years Venezuelans have been the largest South American market.
There’s also a long-standing Caribbean influence in the South Florida market, including buyers from Puerto Rico, Dominican Republic, Jamaica, Haiti and the Bahamas.
Canadians and Northern Europeans also enjoy the region’s beach communities from Miami Beach to the Palm Beaches. To take just one example, Hollywood has had a large French-Canadian community, while many Russians have discovered Sunny Isles Beach.
Gulf Coast. From Naples to Sarasota, the region’s gulf-front and golf course communities appeal to European buyers, particularly Germans, Scandinavians and Brits. To the north, Tampa has a longstanding Hispanic community, making it an appealing destination for Latin American buyers.
Central Florida. Buyers from the United Kingdom have gravitated to the greater Orlando market, buying vacation homes near theme parks and other visitor attractions. There’s also a growing Hispanic presence in the Kissimmee area, including Puerto Ricans and Mexicans. In coastal markets like Daytona Beach, Canadians constitute a significant share of buyers.