Las Vegas High Rise Blog » 16th annual AFIRE Foreign Investment Survey - Las Vegas named 8th most desired city in the world.

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16th annual AFIRE Foreign Investment Survey - Las Vegas named 8th most desired city in the world.

Posted by Luxury Realty Group - July 7th, 2008
Categories: High Rise Condos

The results of the 16th annual AFIRE Foreign Investment Survey named Las Vegas the 8th most desired city to invest in the world for foreign investors. This represented an eight-spot jump (from 16) in 2006, one of the highlights of the results.

Overall, the United States dominated the top-10 list of cities (globally) with New York taking the number-one spot. Las Vegas finished just behind Shanghai, Singapore,and Tokyo. The results were calculated in the fourth quarter of 2007.

Other items of interest from the 16th annual AFIRE Foreign Investment Survey

San Diego fell to 15th from 5th in 2005.
London finished 2nd compared to 1st in 2006.
Washington DC finished 2nd from 4th in 2006.
Singapore climbed all the way to 6th from 24th in 2006.

While the Las Vegas real estate market has taken an epidemic pounding from the national press, many facts have been left out or flat out misreported.

Las Vegas’ noteworthy AFIRE accomplishment made little news compared to several recent articles saying that Las Vegas was going through an “unemployment crisis”. Those report cited 400 layoffs by MGM MIRAGE yet failed to acknowledge approx. 4,000 new jobs at Palazzo and the Venetian, as well as Wynn Resorts’ recent announcement that Encore would begin hiring for approx. 5,300 new jobs in July 2008. MGM MIRAGE is expected to begin hiring for approx. 12,000 jobs in 2009 for its multi-billion-dollar CityCenter mega-resort.

Want to learn more about the current Las Vegas real estate market? Check out the below articles.

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Aaron Auxier REALTOR®, ABR can be reached at 702-456-7080 x201

Disclaimer: All information in this post is subject to change without notice. Subject matter: is an opinion which may differ from the opinion of Luxury Realty Group LLC, is not guaranteed, may be time sensitive, and may be based on information collected from several sources which may or may not be reliable at the time of sourcing.

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All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.