Latin America Represents 86% Of Miami's New Condo Sales To International Buyers

In this episode of the Miami Condo Mondays™ live podcast, we discuss the newly published Miami New Construction Global Sales Report from the Miami Association of Realtors.Miami Condo Mondays™ is a live podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ and veteran broker Jenny Huertas of CVRRealty.com providing an in-depth look at the latest residential real estate trends in South Florida.Check out the next live broadcast of the Miami Condo Mondays™ podcast at 4 pm Monday, Aug. 25, 2025.Recorded weekly in Greater Downtown Miami, the podcast offers a one-hour discussion on various real estate topics, including pre-construction condos, market trends and investment strategies.The hosts share their expertise, with Zalewski focusing on macro perspectives and Huertas offering micro insights from her on-the-ground experience.Tune in every Monday at 4 PM (EST) on the social media accounts of Zalewski and Huertas for insights on the latest trends in the South Florida condo market.In this episode of the Miami Condo Mondays™ podcast, Zalewski goes solo as Huertas is traveling. She is scheduled to return next Monday at 4 pm South Florida time for the next episode of the live podcast.During this 60-minute podcast, Zalewski discusses the newly published Miami New Construction Global Sales Report from the Miami Association of Realtors.This 17-page report - published on July 21, 2025 - examines who is buying preconstruction condo units in the tricounty South Florida region.The report concluded that 49 percent of South Florida’s preconstruction condo buyers are foreign investors.Buyers from Latin America accounted for 86 percent of the international transactions between January 2024 and June 2025, according to the report.All of the industry figureheads cited in the report were bullish on Miami’s future ability to attract foreign investors for preconstruction units despite the current U.S. immigration policy and falling international passenger traffic through Miami International Airport (MIA) in the first half of 2025.If the international passenger traffic trend continues, this would market the first time since the pandemic year of 2020 that MIA experienced a drop in that segment of its business, according to a recent report.Bigger picture, a drop in MIA’s international passenger traffic this year would mark only the fourth time in 20 years that there was an annual decline.Since 2003, MIA’s international passenger traffic has only fallen on an annual basis in the years of 2020, 2014 and 2009.Despite the headwinds, local figureheads like Daniel de la Vega of ONE Sotheby’s International Realty see no reason to revise his outlook on preconstruction condo sales in South Florida.“Fueled by economic and political headwinds in their home countries, international buyers see South Florida as a safe haven to build wealth, preserve capital and secure their family’s future,” de la Vega said. “This is especially true for buyers from Latin America, who also feel an immediate cultural and lifestyle connection to the region.”For full access to our comprehensive reports, statistical charts, virtual Monthly Meetings and exclusive MeetUp events, we invite you to join the Miami Condo Investing Club™.The Club's mission is to foster a community that shares realtime, actionable intelligence on the latest real estate trends, emerging opportunities and trusted service providers throughout South Florida.Whether you are a Do-It-Yourself (DIY) condo buyer or a seasoned real estate professional, the Club provides invaluable resources, including up-to-date statistics, expert analysis and access to tailored consulting services.An added benefit of the Club is that members receive discounts on all Miami Condo Correction Walking Tours™. Please visit MiamiCondoClub.eventbrite.com for a schedule of upcoming tours.