A ‘Sunshine State’ of mind Florida is still the No. 1 U.S. choice for international homebuyers, according to the National Association of Realtors® 2022 International Transactions in U.S. Residential Real Estate report. About 24% of international sales occurred in Florida, more than twice as many as California (2) and Texas (3). In the tri-county South Florida market, foreign homebuyers purchased $6.8 billion of residential properties in 2022, up 34% from $5.1 billion in 2021, according to a MIAMI Association of Realtors® study. Buyers from 54 different countries purchased 9,400 South Florida properties in 2022, up 25% from the prior year. Angulo expects that demand will strengthen this year, despite the challenges of inflation and the strong U.S. dollar. “Argentina, Colombia, Canada, Peru, Mexico, Brazil, France and Italy will be great targets for Florida real estate professionals,” he says.