M
iami’s newest luxury towers are being snapped up abroad faster than ever. A fresh report from the Miami Association of Realtors shows that foreign buyers now account for 52 % of all new‑construction sales in South Florida over the past 22 months, matching what developers have seen on site. Transactions come from 73 countries, with Latin America dominating at 86 % of the volume; Colombia, Mexico and Argentina lead the pack, a trend brokers link to political instability overseas and Miami’s reputation as a safe capital haven.
The city’s global standing is reflected in its rankings: Miami is now the fourth‑largest city for ultra‑wealthy residents and the world’s top market for second‑home ownership among the richest. Even as borrowing costs and insurance premiums rise, a $1 million budget still secures nearly four times the prime square footage available in Monaco and outpaces New York and London, giving Miami a clear value advantage.
Cash transactions dominate the market. Most international buyers close without financing, reinforcing stability amid fluctuating interest rates. This cash‑centric trend keeps new‑development deals moving smoothly, underscoring Miami’s position as a top global playground for high‑net‑worth households.
