One Queensridge Condos

The brand new rage in Las Vegas is high-rise condos and condo-hotels. It started in 1999, when Turnberry Estates built three tower condos that sold immediately. Then, in 2004, when Las Vegas turned the hottest real estate market around due to the rates, the high-rise house industry took off.

The reason was because so lots of people all over the world acquired up real-estate and land, contractors had to buy what ever area they may get - frequently enough to move up in place of out. This year alone, you will find around 80 high-rise condominium developments planned or previously being built.

You will find mainstream property developments and there are condo-hotels. Once you obtain a mainstream house, you possess it. The condo-hotel is really a unit that's purchased by one owner who will utilize it any time. The owner can also rent it by the night time if it is vacant. An owner may make decent money carrying this out because the occupancy charge meets 97% the majority of the time.

Condominium sales in Las Vegas are booming as they are so significantly cheaper than real-estate prices in other areas of the country. Beginning prices of a residence in Las Vegas between $275,000 and $300,000. Evaluate that to the New York City market, and you've your self a whole lot! Another consideration is the truth that Nevada does not have any state income tax. This is exactly why many rich Americans are getting in Las Vegas, since their expense dollars are safe.

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