Florida has emerged as a hotspot for Peruvian investors seeking stable and profitable real estate opportunities. Over the past few years, the investment in residential properties has surged, with Peruvians investing more than USD 213 million annually. For some, Florida’s appeal lies in its predictable climate, bustling world-class tourism, and a dynamic financial market.

The Harmen Rose Real Estate report of 2024 highlights a significant surge in the international real estate market, with international purchases reaching a value of USD 7.1 billion, involving 10,900 transactions. Latin American investors, including Peruvians, have been a significant contributor, representing 45% of the transactions. Peru alone ranks fifth among Latin American countries and ninth globally, showcasing its strong presence in the market.
“International purchases in 2024 reached a value of USD 7.1 billion, with a total of 10,900 transactions made”. These trends reflect a growing interest in diversifying assets and seeking stability in foreign markets.

Sustained Economic Growth and Tax Benefits

Alan Skew, the commercial manager of Owny, a Miami-based real estate company, emphasizes the economic stability and profitability of Florida’s real estate market. Owner says, “ Florida offers stability, profitability and a market in constant evolution”
As one of the fastest-growing economies in the U.S., Florida’s sustained economic growth, coupled with favorable tax policies and a buoyant real estate market, makes it an attractive destination for investors over residential or commercial developments.

The real estate moguls are drawn to Miami, Orlando and Panama City Beach, which offer a high return on investment, particularly in short-term and long-term vacation rentals. Interest rates for mortgage loans in Florida are highly competitive, and potential returns after an initial investment have significantly attracted those looking to diversify their portfolios.

Favorable Climate for Rentals

Additionally, Florida offers a favorable climate for owners, especially if they are seeking to invest in rental properties in residential markets. One of the most lucrative areas for real estate investments is Southwest Florida, which offers significant tax benefits for investors, making it a particularly attractive option for investors seeking diversification.

Sun Seekers and luxury enthusiasts also find South Florida’s Fisher Island a prized location, especially since 2020, the island has featured high-end developments, including vacation condominiums.

Florida’s tourism industry continues to flourish, with a record 137.6 million tourists visiting. Compared to 2019 and 2021, the visitor traffic has seen a significant increase of 5 and 12.9 percent, respectively. Figures like these reinforce Florida’s appeal, both as a residential location and for prospective investors.

All Cattle Are Fair Game

However, a common critique of real estate investment companies is the idea that significant sums of capital are required. Owned counters, however, asserting, “Large sums of money are not needed, but to people who are looking to diversify your heritage and protect it through an investment accessible in dollars.” That’s because Owny offers a simplified and accessible model, allowing clients to purchase properties like vacant land in Florida for just USD 25,000. Requiring no bank loan and streamlining the bureaucratic hurdles, Owny stands out as a viable option for prospective buyers. Free from the complexities of accounting, administration, or initial tax assessments, foreign investors without visas or residency can invest without complications.
In comparison, foreigners who buy land in Arizona have found themselves facing difficulties over property maintenance and permitting.”