Foreign money accounted for 16.7% of all deals done in the tri-county area, the largest chunk since second quarter 1982. The value of the deals was up 9.9% from last year.
Funds from abroad totaled $205.2 million in Miami-Dade, Broward and Palm Beach counties, down 17.1% from $247.5 million in the comparable 1999 period.
Deals in the half-million-dollar-plus category totaled 85, down 12.4% from 97 last year. But foreigners aren't overpaying for trophy and non-trophy assets as they did in the 1970s and 1980s, the study notes.
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