Honolulu Luxury Condos - What's the Luxury Home Story of 2011?
In a recent blog, "Luxury Insights", writer Laurie Moore answered a question about what was the luxury home story of the year. Here is what she had to say:
"China! China! China! The growing number of very affluent Chinese already makes them significant players in the luxury travel and high-end consumer goods categories. Watch for them to move into U.S., Canadian, and other luxury home markets in a bigger way in 2011. While this obviously won't affect every community, major markets which attract international buyers may see increasing numbers of Chinese prospects."
Chinese buyers from Taiwan and Singapore have always played a big role in the purchase of luxury properties in Hawaii, and Honolulu especially. With the new wealth in China, as soon as some of the Visa issues are resolved, their impact will be even more significant.
Mahalo For Reading.