Buying or investing in Las Vegas Real Estate has been a hot topic for quite some time now.  The desert oasis real estate market has definitely had its ups and downs and many are extremely passionate about both sides of the game.  But is Vegas really a safe bet?

When thinking of Vegas, chances are, you picture plenty of casinos.  If so, you’re the norm.  After all, the gaming industry has spent billions and billions of dollars building and developing a mecca in the Nevada desert.

And it’s not just gambling.  Orienting activities and attractions towards the family crowd has been the trend over the last several years, making Las Vegas a great place for all varieties of tourists.

So how does the massive unrivaled casino and hospitality industry benefit real estate?

Simple…  It produces a bountiful plethora of jobs, attracting workers who in turn buy homes or condos.  Casino jobs, hospitality industry jobs, construction jobs, teaching jobs, retail jobs and just about every category in between are still on the rise.  Las Vegas is also being noted for its thriving tech industry.  Oh, and let’s not leave out the bustling opportunity for small businesses to step in and thrive.

At one point not long ago, the housing stock in Vegas was down to an estimated two week supply.  Although real estate developers have finally started to catch up with the incredible demand, the intense job market continues to fuel the need.

People from all over the country are flocking to Vegas, either as a permanent home or a home away from home.  Continuing development has attracted these people for reasons beyond just jobs alone.

They like the environment of Vegas – it’s always on top of the current trends and there’s never a lack of activity or entertainment.  They also like the new urban concept of living and working all within walking distance, made possible with many of the high rise condo developments that Vegas is becoming so well know for.

Of course, it would be imprudent not to note another excellent benefit of not only Las Vegas, but Nevada in general – Low taxes.

In fact, neither the city nor the state has an income tax.  Businesses also face huge economic tax advantages in Nevada.  The tourism and gaming industry easily fund the coffers through sales and gambling taxes, leaving little burden on the individual Vegas resident.

Bottom line, prospects are good for a continued rise in Las Vegas Real Estate.  Even though the market is taking a breather, growth is still happening.  Hindsight twenty years from now will show a steady and hefty up tick for the Vegas market.