Miami’s real estate skyline is changing—literally and figuratively—as South American buyers increasingly dominate the market for new construction properties in the city.
Key Trend: Nearly Half of New Construction Sold to International Buyers
Recent data reveals that international buyers now account for a staggering 49% of new construction, pre-construction, and condo conversion purchases in Miami over an 18-month period ending June 2025. This figure is based on 9,115 units across 37 reportedly tracked projects within the Miami market area MIAMI REALTORS®.
Who’s Leading the Charge? Colombia and Argentina Stand Out
Colombian investors have shown exceptional and persistent interest—holding onto the top spot in global search queries for Miami real estate for 39 consecutive months. As of June 2025, Colombia alone represented 13.3% of all international searches for Miami properties Faccin Miami. Argentina also remains a powerful buyer, though specific percentages weren’t broken down. Together, these nations—along with others like Brazil and Mexico—are fueling Miami’s real estate growth.
Why Miami Holds Such Strong Appeal
There’s a clear “money goes north” trend in play, which aligns with the words of Miami’s Chairman Eddie Blanco: “When Latin American governments go left, money goes north.” Political and economic instability in home countries is pushing wealthy individuals to seek stability in Miami’s legal and financial landscape Faccin Miami.
Miami offers a unique combination of geographic proximity, cultural familiarity, a stable legal system, and tax advantages (like no state income tax) that make it a compelling destination for these investors
Investment Patterns and Buyer Priorities
International buyers—particularly from Latin America—show an especially strong preference for new construction properties. These include condos with up-to-date amenities, clear title histories, and better financing options, making them ideal for both rental income and long-term wealth preservation Faccin MiamiMIAMI REALTORS®.
Their investment habits also favor luxury and convenience. Many developers are responding by offering concierge services, multilingual sales support, and luxury-level building features designed specifically for this demographic.
The Ripple Effect on Miami’s Market
This influx of foreign investment is reshaping Miami’s real estate scene:
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Prices are rising, especially in desirable neighborhoods like Brickell, Coral Gables, and Miami Beach.
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Inventory is tightening, particularly in luxury and coastal developments.
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New projects are being designed with international buyers in mind, offering high-end amenities and lifestyle services Discover South FloridaFaccin Miami.
In Summary
Miami is no longer just a glamorous getaway—it’s a wealth preservation and investment hub for South American buyers. With nearly half the new construction sales going to foreign investors, particularly from Colombia and Argentina, the South Florida market stands at the intersection of politics, culture, and global wealth strategy.
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