Price of at least 55 houses sold for $5 million or more from January till the end of July located at four most populous islands of Hawaii, grew by 31% compared with the same period last year, Bloomberg reports with the reference to Hawaii Life Real Estate Brokers.

However, even bigger property boom is observed at market of houses valued more than $10 million. Four popular islands include Big Island, Oahu, Maui и Kauai.

Although Hawaii never was a preferable place for second house of wealthy people from West Coast, interest on behalf of buyers from Silicon Valley recently has been rising.

Buyers are not interested in penthouses in Honolulu, they buy objects at ocean coast surrounded by green plants and animals.

Among possible reasons for demand spike, experts note high volatility of stock markets, healthy market of secondary homes and US tax overhaul.