Miami has become the top destination for international real estate buyers in the United States, and pre-construction condos are the most popular product type for foreign purchasers. The combination of no state income tax, favorable foreign ownership laws, strong rental yields, and a global lifestyle has made Miami’s new development market a magnet for capital from Latin America, Europe, the Middle East, and beyond.
As a trilingual real estate professional (English, French, Spanish) born in Paris and based in Miami for over a decade, I work with international buyers navigating this market every day.
Why International Buyers Choose Miami Pre-Construction
Pre-construction condos offer international buyers several advantages over resale properties. The deposit structure is spread over the construction period, typically 18 to 36 months. Most Miami pre-construction projects require total deposits of 40 to 50 percent of the purchase price, paid in stages at contract signing, groundbreaking, top-off, and closing.
Additionally, pre-construction buyers often secure pricing below what the finished product will command on the resale market.
Can Foreigners Buy Real Estate in Miami?
Yes. There are no restrictions on foreign nationals purchasing real estate in Florida. You do not need to be a U.S. citizen or permanent resident to buy property. The purchase can be made in your personal name, through a U.S.-formed LLC, or through a foreign entity.
The key legal consideration for foreign buyers is FIRPTA (Foreign Investment in Real Property Tax Act), which requires withholding of up to 15 percent of the sales price when a foreign owner sells U.S. real estate. This can be reduced or eliminated with proper tax planning.
Financing for International Buyers
Financing is available for foreign nationals. Most lenders require a minimum down payment of 30 to 50 percent, and interest rates are typically 1 to 2 percentage points higher than conventional U.S. mortgages.
Top Pre-Construction Projects for International Buyers in 2026
St. Regis Residences Miami offers ultra-luxury branded living. Waldorf Astoria Residences will deliver fully furnished units at 100 stories. Cassia Coral Gables allows short-term rentals — rare in that market. Mercedes-Benz Places offers a globally recognized brand with strong resale appeal.
Work With a Trilingual Miami Real Estate Expert
Contact me today for a complimentary consultation and let me help you navigate Miami’s pre-construction market with confidence in English, French, or Spanish.
Julien Drieu — Founder, Luxe Miami Realty
Join The Discussion