| Below we have put together some links for both serious and
beginning investors with information and resources that will help
them make informed decisions about the market in Las Vegas. Multi
family investors have become very interested in the Las Vegas market
because supply - due to condo conversions and demolition for
redevelopment and population growth - has not been keeping up with
demand for the last three or four years, creating a ripe market. As
a result, occupancies are running in the high 90% range and rents
are rising at a 4% annual clip, a trend that is expected to sustain
itself given subprime mortgage meltdown and the fact that while
supply is catching up with current demand, it is not catching up
with the backlog from previous years.
Historical multifamily construction deliveries for the Vegas
Valley average 7,000 to 8,000 units per year, with absorption
tracking pretty closely. In 2005, however, new supply was negative
by up to 4,000 units. And while 2006 didn’t see negative supply, it
also didn’t keep up with demand and the same is true for 2007,
according to local market reports. If you are a foreign investor,
please use our currency converter
to check the value of Las Vegas properties.
Also read about the new book
"Are you Dumb Enough to
be Rich?" which highlights why NOW is the time to buy for
serious investors. And how Forbes rates Las Vegas as one of the
top 10 cities to invest in.
Free
Real Estate
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