Guam Real Estate 2008

While the U.S. mainland struggles with its “mortgage crisis” and declining values, Guam
continues to post strong real estate performance. The primary driver is military relocation and construction, with US$15 billion of expected expenditures. A secondary factor is South Korean investment, the result of relaxed government regulatory constraints. Guam benefits from the mainland troubles; U.S. interest rate reductions apply locally, while investors reposition into a market with up‐side potential.