Park Towers Condos

The brand new fad in Las Vegas is high-rise condos and condo-hotels. It began in 1999, when Turnberry Estates built three system condos that offered immediately. Then, in 2004, when Las Vegas became the greatest real estate industry around because of the prices, the high-rise house market took off.

The reason why was because therefore many people around the world acquired up real-estate and land, builders had to get what ever land they could get - usually enough to go up as opposed to out. In 2010 alone, you will find over 80 high-rise condominium developments in the pipeline or presently being built.

There are conventional condo developments and you can find condo-hotels. Once you buy a mainstream house, you own it. The condo-hotel is just a system that is ordered by one manager who is able to put it to use any time. The dog owner also can book it by the night time if it is vacant. An owner may make reasonable money carrying this out because the occupancy rate meets 97% all the time.

Condominium sales in Las Vegas are growing because they are so significantly cheaper than real estate prices in the rest of the country. Beginning rates of a residence in Las Vegas between $275,000 and $300,000. Compare that to the New York Town industry, and you've your self a good deal! Yet another consideration is the fact Nevada doesn't have state revenue tax. This is exactly why many wealthy Americans are buying in Las Vegas, since their investment pounds are safe.

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