A look at Condo-Hotel Cosmopolitan:
High-rise condominiums are good investment properties. Both domestic and foreign investors are interested in these kinds of properties. One such property is the Cosmopolitan, which is a magnificent project with condominium-hotel ownership and will be managed by the Grand Hyatt. Located right the heart of "The Vegas Strip." the project is to be designed by the award-winning firm Arquitectonica and developed by Bruce Eichner.
The high rise located adjacent to the Bellagio Hotel and Casino and north of the MGM City Center project. With 61 stories and more than 2,600 vacation apartments including the regular hotel rooms, the Cosmopolitan will total more than four million square feet of pure luxury, and will have a 70,000-square-foot casino, Nevada's largest 50,000 square foot fitness facility and spa, and more than 300,000-square-feet of retail and restaurant space. Also, it will feature a 3,000 car underground garage, 150,000 sq. ft. of convention space and 1800-seat theatre.
The contemporary life style will include elegant smooth 10 foot high rise ceilings, spacious walk-in closets, floor to ceiling windows, plasma TVs, kitchenettes, extra large balconies with impressive panoramic mountain and city skyline views and high-speed resident elevators. Also, you will feel safe with a 24-hour guarded security and video monitoring.
Four different floor plans are offered.
Las Vegas High-Rises Attracting Foreign Investors
Builders and developers from different parts of Unites States have started developing high-rise condominium towers for the residents as well as the visitors from abroad who would like to invest in Las Vegas real estate and almost all of these properties were sold out quickly.
Foreign investors though keenly interested in buying real estate in Las Vegas were thwarted by many builders' restrictions that only people who are actually going to stay in these houses could buy them. The builders did not want to have rows of empty houses, which would have bought their home prices down. There is no such restriction on high-rise condos and so investors rushed in to buy out these condo units and most high-rises were sold out with in days of their opening up for sales.
Rising real estate prices are a great investment opportunity for people around the world and many international buyers are flocking to Las Vegas seeing the market conditions of a booming economy, record numbers of new jobs created, great business opportunities available, zero state and income taxes all attract investors to this land of plenty. Las Vegas has seen the largest appreciation gains in the housing market. The houses sold at 47.3% more than last year.
Las Vegas - A real estate market roundup
Las Vegas has a number of reputable professional real estate companies that help people find rental property as well as affordable homes. There is an unlimited choice of housing ranging from reasonably prices homes middle-income groups to multimillion-dollar homes. 34% of the total population lives in rental accommodations, of which 85% prefer apartment complexes.
In 2004 the average price of the house was $321,768 compared to that of$331,634 in 2005, which means an increase of $9,865 in two months. If this upward trend continues then this year could see 18% price rise. The number of re-sale house has gone up from 1,500 units in February to 16, 00 units in September 2004. Due to heavy appreciation many homeowners were tempted to sell their houses. This led many builders to reduce their prices.
Builders and developers from different parts of Unites States have started developing high-rise condominium towers for the residents as well as the visitors and most sold out quickly. Real estate are a great investment opportunity for people around the world so international buyers are flocking to Las Vegas. Las Vegas has seen the largest appreciation gains in the housing market. The houses sold at 47.3% more than the year before.
