Las Vegas in one of the fastest growing metropolitan areas in the United States with a population that has significantly increased by about 300 percent since the 1940s.
Renowned for tourism and gambling, Las Vegas also offers an assortment of indoor and outdoor recreation and cultural activities.
In the recent years, Las Vegas has also seen an increase in the number of manufacturing and industrial jobs.
New service jobs are created yearly, which brings a number of people to Las Vegas.
The rate of house construction is also steadily increasing, resulting in higher real estate prices.
Investors have seen the potential of Las Vegas real estate shortly after the war when construction of hotels and motels with glitzy casinos was in full swing.
This started the trend of hotel complexes, huge resorts, and family-oriented theme parts.
The emergence of these establishments started lifting Las Vegas real estate prices, adding to its appeal to a lot of investors.
Investing in Las Vegas real estate is indeed promising, especially if one considers the land area of Las Vegas, which is only 215.
2 square kilometers, and the number of people who would like to acquire a parcel of Las Vegas land.
Nowadays, it is very hard to acquire prime Las Vegas real estate properties, especially in downtown Las Vegas and its suburbs.
In fact, currently no more real estate properties are up for sale in the Glitter Gulch and The Strip.
In the event that spots in these areas open, a lot of investors compete for it, investing millions of dollars in the process.
Although Las Vegas real estate properties come with hefty price tags, its popularity among real estate investors has remained strong and constant through the years.
Investors have seen the potential of acquiring then re-selling Las Vegas real estate properties, gaining as much as 50 percent in a few years time.