The Hawaiian islands are situated at the geographic center of the world's largest, fastest -- growing business market -- the Pacific basin -- where the United States already does more trade then in any other market. Hawaii is becoming a major center of international business. Uniquely positioned as the United States gateway to trade and commerce in the Pacific, Hawaii service as an ideal spring board for other U.S. companies who seek to tap the business potential of the Pacific.
The Hawaiian islands were formed by volcanic activities. Volcanoes on all major islands are dormant except on the island of Hawaii. Therefore, the supply of land is limited with no option to expand.
The total usable land on Oahu is only 375,146 acres allocated as follows:
Residential: 31,098 acres
Industrial: 9,058 acres
Commercial: 4,205 acres
Hotel: 319 acres
Agriculture: 70,066 acres
Vacant: 38,587 acres
Other uses: 212,812 acres.
Local home buyers and investors in Hawaii are competing for the limited supply of real estate with investors from Japan, Taiwan, Korea, Hong Kong, Canada and the mainland USA. In 1991 and 1992, Hawaii attracted more Japanese real estate investors than most of the other states.
In Hawaii, land is sold two different ways --"fee simple" -- which means you own the land under your house, and --" leasehold" -- which means somebody else does. A house in fee simple land costs more because you own the land. Leasehold exists because all of the land once belonged to the King who either sold or gave away big parcels to early settlers, including missionaries.
Seven large organizations today possess 24 percent of Hawaii's privately owned land. The largest owner is Bernice P. Bishop estate with 336,372 acres.
Top of This Page || Detailed Hawaii Listings || Homes by Neighborhood || New Hawaii Homes || Search Homes By Price ||
Mortgage Rates || Real Estate Library || Tax Issues ||
Photos of Hawaii || Hawaii Government || Business in Hawaii || EconomicForecast || Hawaiian Culture ||
State Map || Leasehold Title || Facts & Figures || Statistics || Search the Web || Your Feedback||