ORLANDO—Recent reports suggest that fewer foreign buyers are investing in Miami condos. At the same time, it seems Orlando is seeing an uptick in internationals, especially South American homebuyers.

Hector Lopez, AV Homes foreign national liaison to South American homebuyers, tells GlobeSt.com he's seeing a strong demand from buyers and investors in Mexico and South America. But they aren't focused so much on Orlando condos. They are looking at traditional single-family homes.

“There's no doubt that South Florida's high home prices is one of the main reasons South Americans and other foreign buyers are looking for alternatives with prices in south Florida nearing the 2008 levels,” says Lopez. “Over the last few years South Florida's real estate market has rebounded, largely due to foreign cash, which has led to a continuous uptick in prices.”