The International MLS [IMLS]
Welcome To Global Real Estate
Global real estate opportunities are everywhere. People move to the U.S. from other countries, foreign-born individuals residing in the U.S. move to new markets, and Americans look to purchase overseas. No matter which audience you cater to, your local and State Association with NAR Global connects you to a network of qualified Realtors®, provides education to help you work with international clients, and delivers the business tools to help you globalize your business.
NAR provides specialized training and support for Realtors® who work in this niche market.
Designations
Our Partner Association: Bahamas Real Estate Association (BREA)
The program gives our members the opportunity to expand their global business networks and get involved in international real estate activities at the local or state level.
Partner Organization
Resources
Member Benefits
- Listing in Global Business Council Directory
- Invitation to attend monthly business meetings
- One ticket to a Global Business Council event, excluding CE courses
- Increase education and networking opportunities
For Consumers
What International Buyers are Looking for in the Florida Market
Tourist arrivals to the United States are rising gingerly but are still decimated due to the travel bans and advisories in many countries regarding inbound and outbound entry and quarantine regulations. During the period August 2020-July 2021, tourist arrivals to the United States totaled 13.8 million, a decline of 83% compared the level during the same period prior to the pandemic in 2019.
Here are highlights from the 2021 report:
$12.3 Billion
Dollar volume of Florida’s existing homes purchased by foreign buyers during August 2020–July 2021, which is 5% of the dollar volume of Florida’s existing home sales (22% decrease from the prior 12-month level of $15.6 billion)
Florida’s top 5 foreign buyers
- Canada ($1.8 B)
- Argentina ($0.9 B)
- Colombia ($0.8 B)
- Brazil ($0.7 B)
- Venezuela ($0.4 B)
71%
Share of foreign buyers whose primary residence is abroad (Type A)
22,500
Number of existing homes purchased in Florida by foreign buyers, which is 4% of existing-home sales (34% decrease from the prior 12-month period level of 33,900)
Top foreign buyer destinations
Miami-Ft. Lauderdale-West Palm Beach (52% of foreign buyers)
Orlando-Kissimmee-Sanford (10%)
Tampa-St. Petersburg-Clearwater (8%)
Cape Coral-Ft. Myers (5%)
North Port-Sarasota-Bradenton (4%)
Naples-Immokalee-Marco Island (4%)
Commercial Real Estate International Business Trends
The 2021 Commercial Real Estate International Business Trends Report discusses the trends in foreign buyer purchases of U.S. commercial real estate in 2020 in the “small commercial real estate market” (sales of below $2.5 million) and in the “large commercial real estate market” (sales of $2.5 million or over).
In the large commercial market characterized by acquisitions of at least $2.5 million, cross-border financial flows fell by 30% in 2020, according to Real Capital Analytics market data. In the large capital market, Canada remained as the top investor in U.S. commercial real estate, while Manhattan continued to attract the most capital.