Miami's New Construction Market Booms with 52% International Sales Boost

International Buyers Propel Miami’s New Construction Surge

Miami's real estate market is experiencing a notable upswing, driven largely by a significant influx of international buyers. Over the past 22 months, data from MIAMI REALTORS® reveals that global buyers have accounted for over 50% of new construction home sales in South Florida. This represents a substantial portion of the market, highlighting Miami's growing appeal as a global real estate hub. Buyers from 73 countries have contributed to 52% of these new construction sales, underscoring the city's international allure and strategic importance in the property market.

International buyers drive 52% of Miami's new construction sales.

Latin American Buyers Lead with 86% Market Share

Latin American buyers have emerged as the dominant force in Miami’s new construction sector. According to MIAMI REALTORS®, they constitute an impressive 86% of the international buyer demographic. Key countries fueling this trend include Colombia, Mexico, and Brazil. This surge is partially attributed to Miami’s luxury-focused real estate offerings and the comparative economic stability provided by the U.S. real estate market, making it a preferred destination for secure investments.

Asian Buyers Impact Market Amid New Residency Incentives

In addition to Latin American interest, Miami has seen a significant uptick in buyers from Asia. The introduction of the $1 million Gold Card program, which offers U.S. residency, has spurred interest from Asian markets, notably China and Singapore/for-sale/singapore/singapore-city">Singapore. This initiative, combined with temporary changes in property purchase restrictions, has catalyzed this demographic's engagement in Miami's real estate boom. Web traffic data from September 2025 indicates a high search volume for Miami properties from Shenzhen, China, and Singapore, reflecting the strong international interest.

South Florida's Foreign Buyer Share Outpaces National Average

South Florida's foreign buyer share is notably robust, according to a report by the MIAMI Association of Realtors. The region's foreign buyer share is five times larger than the national average, with $3.1 billion invested in residential properties in 2024 alone. About 66% of these transactions were made in all-cash deals, emphasizing the level of financial commitment these international players are willing to make in the South Florida market.

Developer Strategies Targeting Foreign Investors

Miami developers are actively tailoring their strategies to attract this diverse international clientele. According to The Real Deal, there is a concerted effort to market Miami's luxury condos to foreign buyers, particularly those from London and Latin America. These strategies are designed to enhance Miami’s appeal as a top-tier market despite some ongoing hesitations related to U.S. immigration policies.

Future Implications for Miami’s Real Estate Market

As Miami continues to attract significant international interest, the city's real estate market is poised for dynamic growth. The ongoing diversification of the buyer base is expected to sustain demand for new constructions. According to RealEstateAbroad.com analysis, investors should consider the impact of these trends when evaluating opportunities in Miami. With foreign investments continuing to pour in, Miami's real estate market is well-positioned to remain a lucrative destination for global property investors.