Foreign investors continue to be a significant driving force in the Hawaii real estate market, according to Title Guaranty’s recently released statistics.

The report shows that in 2023, foreign buyers purchased 15,599 properties worth a total of $13.3 billion. This represents 3% of total sales for Hawaii properties sold.

Japan topped the list of foreign buyers in 2023, purchasing 292 properties for a total of $346.6 million. Canada followed behind, with 90 purchases for $120.4 million. South Korea, Taiwan, and China rounded out the top five foreign buyer groups. Honolulu remains the primary target region for foreign buyers.

“Foreign investment has long been a boon to the Hawaii real estate market,” said Sachi Hawaii, CEO and Principal Broker of Sachi Hawaii. “Foreign buyers bring in much-needed capital and help to diversify the market.”

Top Foreign Buyers of Hawaii Property (2023)

#1 Japan: 292 properties, $346.6 million
#2 Canada: 90 properties, $120.4 million
#3 South Korea: 24 properties, $26.6 million
#4 Taiwan: 7 properties, $3.1 million
#5 China: 6 properties, $6.2 million
#6-10: Australia, New Zealand, American Samoa, Brazil, Germany

Top U.S. Buyers of Hawaii Property (2023)

#1 Hawaii: 11,574 properties, $9.1 billion
#2 California: 1,490 properties, $1.6 billion
#3 Washington: 316 properties, $330.0 million
#4 Florida: 187 properties, $146.8 million
#5 Colorado: 157 properties, $147.1 million
#6-10: Texas, Oregon, Nevada, Arizona, Utah

Data Source: Title Guaranty’s Buyer Statistics Report (January-December 2023)

About Sachi Hawaii:

Sachi Hawaii is an International luxury real estate brokerage in Honolulu, specializing in properties throughout Honolulu.

Whether you are buying or selling, our boutique service, proven sales performance, and exceptional local and international reach are ready to go to work for you.

For more information on buying or selling in Hawaii, contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com