According to Vaknin, buyers realise the value in a market that is still recovering. \u201cLas Vegas is truly one of the last cities in America that is still on sale,\u201d he says. \u201cReal estate prices in other major metropolitan markets have recovered more fully, while Las Vegas is still catching up. That means there are still many great values to be had here, and The Ogden is among those exceptionally great buys, particularly before the Federal Reserve is expected to raise interest rates later this year.\u201d<\/p>\n
Downtown Las Vegas offers a lifestyle different from The Strip\u2014the area is home to the city\u2019s museums, the Smith Centre for the Performing Arts, restaurants, bars, and the Life is Beautiful arts festival. Buyers looking for a more quintessentially Vegas experience tend to look further south along Las Vegas Boulevard.<\/p>\n
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Veer Towers apartment<\/p>\n<\/div>\n
The Veer Towers, located in the heart of CityCenter is currently the only exclusively residential condominium project on the Strip and offers studio, one-, two- and three-bedroom apartments with prices starting from US$250,000. The project\u2019s largest residence is located on the 21st floor of the West Tower and features 2,256sf with 270-degree views of Aria, Bellagio Fountains and the Paris Las Vegas Eiffel Tower. The apartment is listed at US$2.3 million.<\/p>\n
Only a handful of units at Veer Towers remain on the market and sales director Darwin Dizon says buyers have been drawn to the lifestyle that the location affords. \u201cIt\u2019s an opportunity for owners to drop 15 floors and walk anywhere\u2014to restaurants, luxury boutiques, casinos,\u201d he says. Building amenities include a rooftop infinity pool, a 24-hour gym, a residential lounge and valet parking, though residents may not require a car\u2014Aria is just steps away and there\u2019s a tram that shuttles them to the Bellagio.<\/p>\n
While condo sales are strong and energy is back in the market, not all housing sectors in Las Vegas are thriving. During the 2007 crash, townhouse and condos in some areas lost up to 90 percent of their value and have barely returned to half of their former median price. Oversupply and lack of interest from investors have put continued downward pressure on the prices of some condos. Many of the projects that were abandoned during the recession have been revived and analysts believe the market may be returning to where it is likely to have been had growth continued as normal during the bubble years.<\/p>\n
Las Vegas at a glance<\/strong><\/p>\n\nLas Vegas receives over 41 million visitors annually, more than Mecca<\/li>\n The average property tax rate for Clark county in 2012-2013 was 3.1 percent. The local sale tax rate is 8.1 percent.<\/li>\n The region averages just 21 days of rainfall a year, while the average annual temperature is about 21\u00b0c.<\/li>\n<\/ul>\nThis story was first published in Palace Magazine<\/em><\/p>\n<\/p><\/div>\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The twin 37-story Vee towers are located towers within CityCenter on the Las Vegas Strip Las Vegas, like Macau or Dubai, is a dazzling monument of self-invention. Over the past two decades, the former desert outpost has transformed from a seedy gaming town into a hub for world-class entertainment, high-end hotels, Michelin star restaurants and the largest collection of high-end flagship stores in the United States. Yet, there have been setbacks along the way. Las Vegas was one of the […]<\/p>\n","protected":false},"author":1,"featured_media":31771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[176,185],"yoast_head":"\n
Las Vegas, Nevada real estate investment: A guide to buying property in Sin City<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n