Lack of Land Drives Condo Market
One would think that when being surrounded by desert that land would be readily available for development. Ironically, there would be nothing further from the truth. The federal government owns 80% of the land in Nevada and has no intention of selling. With over 5,000 new residents moving to Las Vegas each month, finding land to develop to meet housing needs, has become a frustration to many developers.
So, the rationale goes, if you can’t build out, build up, and up, and up. Currently, there are over 80 new mid and high rise condominiums planned for the Las Vegas Strip area alone. This is wonderful news if you like high rise condos.
Looking for a great condo? Check out MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513. for the latest listings.
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