Hawaii Property
Why Hawaii property?
Last updated
Why Hawaii property?
Last updated
Hawaii real estate is expensive. It always has been, and always will be compared to many other US locations. The four primary reasons are:
High demand for ‘paradise.’
The scarcity of buildable land, – This is an island state.
High shipping costs, – No other major population center in the world is this remote, surrounded by more ocean than Honolulu.
Lack of incentives for developers to build. – Governmental red tape and thin profit margins due to expensive land and development cost prevent developers from offering truly affordable housing solutions. Some developers migrate to other easier, more lucrative mainland markets to develop.
