Engel & Völkers is expanding its global presence still further and is now offering premium residential property in Las Vegas with immediate effect. The first Engel & Völkers Shop in the world-famous gambling metropolis is located on West Horizon Ridge Pkwy close to Las Vegas Boulevard South, more commonly known as the “Las Vegas Strip”.
Managing Partner Cheryl Davis has been successfully brokering exclusive residential property in Beverly Hills and Las Vegas for more than 30 years. In addition to her wealth of professional experience, she also presides over a team of 16 qualified sales advisors. “I’m delighted to be a part of the Engel & Völkers worldwide network. It puts me in a position to present the attractive property market in Las Vegas to an even larger international clientele,” said Cheryl Davis. Engel & Völkers is operational in 38 countries spanning five continents. “Thanks to the global network and the fact that the brand is already well-known in the premium segment around the world, we now have access to an international pool of prospective buyers and can offer our properties at more than 500 locations worldwide,” Ms. Davis added.
The market for residential property in Las Vegas is characterised by a high level of demand and rising prices. Alongside interest from all corners of the globe, Las Vegas is particularly popular amongst private buyers and investors based on the East and West Coast of the US. High-rise and mid-rise condominiums with full service concierge and first class amenities are highly desirable, as are private guard-gated golf course communities with facilities including dining, tennis, gyms and social clubs.
The most sought-after locations for investments in premium residential property include – in addition to the world-famous “Las Vegas Strip” – exclusive planned developments such as “Summerlin” and “Henderson”. Buyers can expect to pay prices of between 1.5 and eight million US dollars (approx. 1.1 – 5.9 million euros) for luxury custom homes. Extremely prestigious properties with top amenities can frequently reach top prices in the double-digit million range as well. Las Vegas is becoming more and more popular as a place for retirement amongst pensioners throughout the whole of North America. Exclusive retirement communities, such as “Sun City Anthem” and “Sun City Summerlin” are highly desirable amongst private owners and investors alike. Entry prices for homes in these communities are between 100,000 and 200,000 US dollars (approx. 73,400 to 146,900 euros) and offer buyers long-term prospects for returns on investment of eight percent on average.