Foreign condo buyers dominate South Florida’s new development pipeline

It’s no secret that foreign investors fuel South Florida’s condo market, but a new report shows how international buyers now dominate new development sales in submarkets with significant pipelines.  Across 66 condo projects in the tri-county region, foreign buyers make up 52 percent of total sales, according to a report by the Miami Association of Realtors. The report covers sales data for the 22-month period from January of last year through October of this year. The Miami Association of Realtors partnered with the brokerages Fortune Christie’s International Real Estate, Cervera Real Estate, ISG World, PMG, Serhant New Development and One […]

This article originally appeared on The Real Deal. Click here to read the full story.