Las Vegas Real Estate: A Popular Investment Choice
Las Vegas real estate has posted impressive returns over the past few years. Prices for condos, houses and other Las Vegas real estate properties have been soaring!
In no case has this been more evident than in the pre-public sales of the Ivana Trump Las Vegas hotel and condo tower. Sales for Las Vegas real estate in this high-profile development have reached the $500 million mark.
A recent study has shown that 20-30% of luxury Las Vegas real estate is being purchased by people who live in the Silicon Valley region. These wealthy ex-“dotcom”-ers are buying into Las Vegas real estate as a solid and tangible investment that can help them diversify their portfolios and build equity.
According to a press release in the Hotel News Resource:
Over the last five years, we have watched as more and more leaders in the tech community have purchased real estate in Las Vegas,” said Victor Altomare, CEO, Sahara Condominiums, LLC and partner, Ivana Las Vegas. “Now that the technology industry has stabilized, many of the thought leaders of that movement are investing in tangible equity. With the Las Vegas real estate market ranked 4th in America, the investment in this ribbon of gold makes perfect sense,” he concluded.