2017 SNAPSHOT --- International Buyers Continue To Love The Sunshine

Florida remains the top destination of international buyers purchasing U.S. residential real estate in 2017, with 22 percent of all foreign buyers who bought residential property in the United States.

Further, sales in Florida to international buyers hit $24.2 billion this year, up from $19.4 billion in 2016, according to Florida Realtors and the National Association of Realtors. The study covers the 12-month period of August 2016 to July 2017. This equated to 61,300 Florida properties, compared to approximately 47,000 properties in 2016.

Purchases by international buyers accounted for 21 percent of Florida's residential dollar volume of sales, a 2 percent increase year-to-year. Across the U.S., international purchasers comprised 10 percent of the dollar volume of existing sales.

The snapshot report also notes that the share of purchasers from Canada rose, the share of buyers from Latin America and Europe declined, and the share of buyers from Asia and Africa remained unchanged.