M
iami and South Florida's real estate market is being driven by Latin American buyers, with investments nearing $400 million. According to a recent report from the Miami Association of REALTORS, investors from Latin America spent $367 million on properties between August 2023 and July 2024.

    Latin America accounted for nearly a third (29%) of all foreign real estate investments in the US during this period, with growth attributed to instability in South American countries. Key findings from the report include:

    * Nine out of ten buyers purchase properties as investments, often for rental or vacation purposes.

    * Two-thirds of these investors pay cash, indicating strong financial liquidity and a desire to safeguard savings against local economic uncertainty by dollarizing their assets.