Hawaii Is An International Market

While real estate transactions continue to slump around the United States, it's busy in the Hawaii luxury home market. Hawaii is the Monaco of the west, attracting buyers from all over the world. Hawaii has attracted a global interest because of the weakening value of the dollar, namely Canada, Japan and Korea. Over the next decade, expect to see an even greater Asian influence in the Hawaii real estate market. China and South Korea's robust economic growth, combined with changes in some banking restrictions, will make Hawaii more attractive for this new large group of investors. Hawaii is an appealing destination because it is safe and clean with warm turquoise water against coconut palm studded white sandy beaches framed by 10,000 foot mountain back drops. All this beauty within the borders of the United States thereby offering all the amenities this great country has to offer. After one travels to Thailand or Singapore, most are not thinking of retiring there. However, wealthy baby boomers are now in position to buy retirement or vacation homes and Hawaii is a perfect fit for the lifestyles of the internationally rich and famous.