There are certain places that spring to mind when you think about investing in property. There is London with it’s incredibly in demand houses and apartments, and Hong Kong, which is one of the most desirable places to live in the world. Or, you might dream that you one day own a hotel or a casino on the Las Vegas strip. Hawaii, in contrast, doesn’t sound as good. Yes, it is markedly hotter than some of the previously mentioned (London) and more exotic. But, is it a place to be spending your life savings on a property? Is Hawaii worth the risk? The answer is yes, and here’s why.
House Prices Are Lowering
And they have been on the decline for some time. While no one can predict what is going to happen in the future, you don’t have to if you take your chances now. But, because the market has been on the low side for some time, the odds are that it won’t be making a revival anytime soon. There are plenty of places to make a killing, from Kaneohe to Honolulu. In fact, Kahala real estate in Honolulu is quite upmarket and reasonably priced at the moment.
Space is at a Premium
The big boys are moving in to make a killing. Over the past couple of years, big hotel companies have been snapping up land should there be a boom in demand. If you have the ability to buy land now, you could turn a fortune in the not too distant future. Everyone will want their hands on that land, and they will pay a pretty penny to take it off your hands. Or, you could set up a hotel complex and milk the cash cow for as long as possible. Even the locals are buying second homes in anticipation.