International Investment in Las Vegas Real Estate Picks Up

The Las Vegas Review Journal recently published this survey of international buying happening in Vegas:

Generally speaking, the “smart money” is buying in Las Vegas right now and some of that capital is coming from overseas, said Charles Clawson, president of Noble Title in Las Vegas.

“With the dollar so weak, foreign investors have much greater purchasing power than they might normally have,” he said. “That greater purchasing power, combined with the distressed real estate market, makes real estate investments in Las Vegas very attractive to foreigners.”

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