Paul Brewbaker points to continued moderate growth in the Hawaii real estate market
Distinctive Homes Hawaii hosted the annual Mid-Year Real Estate Review with Paul Brewbaker last week at the Waialae Country Club in Honolulu Hawaii. It is the sith year that the company has hosted the event. Other sponsors included Old Republic Title & Escrow, Honolulu Home Loans, Ritz-Carton Residences Waikiki and JN Exotics.
The presentation opened with a global market review by Patrick ONeill highlighting the differences in Hong Kong and Tokyo residential property markets. According to ONeill, Hong Kong has increased 274% in value since 2004 despite the numerous government regulations designed to tamper the market. In contrast, Tokyo has been stagnant since 1991. The current policies of the Japan government have led to a weakening of the Yen which is helping the property market in the short term with increased global buyers entering the market.
Paul Brewbaker’s entertaining and informative presentation touched on the national and local economic forces that are affecting the Hawaii real estate market. According to Brewbaker, the number of new residential units being built in Hawaii is the lowest since the 1940s counter to the current perception that Hawaii is in a building boom. The lack of demand will lead to continued price growth according to Brewbaker.
Author: Patrick William O'Neill
Principal Broker R CMP MIRM