8. Las Vegas, Nev.
Even during the height of the real estate boom from 2004 to 2006, international investors were wary of gambling in Vegas real estate. In 2006, the city was only the 16th most popular locale for international money. But since the market has turned south–and projects ranging from residential complexes to casinos and offices have suddenly stalled–international investors are starting to look for big discounts.
Forbes: Las Vegas 8th Best Real Estate Market for Investment Now