Park Towers Condos

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

The main reason was because so lots of people all over the world ordered up real-estate and area, contractors had to get what ever area they might buy - generally enough to move up in place of out. This season alone, you can find over 80 high-rise condominium developments planned or already being built.

You can find main-stream residence developments and there are condo-hotels. Once you purchase a traditional condominium, you own it. The condo-hotel is just a unit that is obtained by one operator who is able to put it to use any time. The dog owner can also rent it by the night time when it's vacant. An owner could make respectable income doing this while the occupancy charge meets 97% all of the time.

Condominium revenue in Las Vegas are thriving because they are so significantly cheaper than real-estate prices in other parts of the country. Starting prices of a condominium in Las Vegas among $275,000 and $300,000. Examine that to the New York Town market, and you've your self a great deal! Another consideration is the fact Nevada does not have any state revenue tax. This is exactly why several rich Americans are getting in Las Vegas, since their expense dollars are safe.

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