Foreign homebuyers are increasing their presence in Miami, even as concerns around the impact of the Trump administration's tariffs on the U.S. economy grow and Florida experiences a deep market correction.

Buyers from outside the United States represented nearly half (49 percent) of all buyers of new construction in the Miami metropolitan area in the 18 months ending June 2025, according to a recent report by Miami Realtors. A vast majority of these buyers (86 percent) came from Latin American countries.

"The demand from Colombia, Mexico, and Argentina isn't slowing down, it's accelerating," real estate broker Ryan Serhant, founder and CEO of Serhant, said in the report.

This increase may have "something to do with global uncertainty, in particular in South America, where there is hig

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