A new report from the National Association of Realtors states that international buyers spent $23.7 billion on single unit residential real estate this year in the state of Florida. Foreign buyers bought 44,000 homes in Florida between July 2014 and June 2015, spending on average $538,000 on each home. These figures represent 12 percent of all homes purchased in the state. Miami led all the cities in the state with 36 percent of purchases from foreign investors, ahead of Fort Lauderdale (14 percent), Orlando (8 percent) ,Tampa-St. Petersburg (6 percent), and Jacksonville-St. Augustine (2 percent).
