Las Vegas - No Better Place for Investing

The city of Las Vegas Nevada purchased 61 acres (247,000 m²) of property from Union Pacific Railroad in 1995 with the goal of creating something that would draw more tourists and locals to the downtown area. The Union Park Development, other promising residential and office developments have begun construction around downtown Las Vegas. New condominiums and high rise projects have changed the entire Las Vegas skyline dramatically in recent years. Many large high-rise projects are planned for downtown Las Vegas as well as the Las Vegas Strip.

The primary drivers of Las Vegas real estate and its economy have been the confluence of tourism, gaming, and conventions which in turn feed the retail and dining industries.
The Las Vegas Convention and Visitors Authority handles the Tourism marketing and promotion of the area. Its annual Visitors Survey provides detailed information on visitor numbers, spending patterns and resulting revenues.

Many technology companies have either relocated to Las Vegas or were created there. Las Vegas has had a high concentration of technology companies in the electronic gaming and telecommunications industries.

Population growth means that the housing construction industry is vitally important. In 2000 more than 21,000 new homes and 26,000 resale homes were purchased. Early in 2005 there were 20 residential development projects of more than 300 acres each currently underway making Las Vegas a great destination for investment.

There are plenty of top Las Vegas real estate companies and fine, reputable real estate professionals in Las Vegas to help you purchase an affordable home or find an investment property. If you have questions or would like to research the area further click here for Las Vegas Real Estate or you can contact us for detailed information about local neighborhoods.