Miami has become the second most popular real estate market for foreign homebuyers, according to a recent study from Realtor.com. Of the top three cities, Miami offers some of the lowest prices and interest rates. With a large number of premium beachfront properties available, Miami is attracting rich buyers who want to enjoy the city’s lifestyle or cash in on the recovering housing market.

International investors purchased $68.2 billion worth of properties in the U.S. last year, and foreign homebuyers are at their second highest level in recent years. As international interest in U.S. vacation homes continues to grow, Miami is rapidly becoming the premiere destination. The Sterling Luxury Group has seen a significant increase in foreign buyers interested in Miami for its beauty, diverse culture and tropical climate. With an established presence in Dubai, Sterling has become highly sought after for its expertise in Miami’s luxury real estate market and has assisted an increasing number of Dubai foreign nationals with purchasing properties for vacation home and investment purposes.

International buyers are also using Sterling’s interior redesign division, Sterling Home Styling, to update their new homes to reflect their own unique style. Additionally, investors looking to resell turn to Sterling Home Styling’s home staging services to transform their properties for maximum return on investment.