In an article on Yahoo News, Hawaii Life CEO Matt Beall discussed international travelers returning to Hawaii and the impact it will have on the real estate market.
“With wealthy buyers from the U.S. mainland helping Hawaii’s luxury real estate market take flight, the return of international visitors is expected to create additional runway for what is already shaping up as an unprecedented market.
“The number of visitors directly correlates to real estate prospects. Despite all the hype of buying unseen, the majority of buyers are going to want to buy what they see,” said Matthew Beall, CEO and principal broker of Hawaii Life, a real estate firm.
While international buyers haven’t come back this year, Beall said buyers from the U.S. mainland have been driving record sales of luxury homes, over $3 million, and ultra-luxury homes, over the $10 million mark. One reason is that there are more mainland visitors than in the past, and another is the increasing acceptance of remote work.”
Read the full article here.