Overseas property portals have reported a sharp rise in international investors seeking investment property in Las Vegas. The US housing market is seeing foreclosures and mortgage default rates hitting record levels. It appears that overseas investors are seeking to capitalise on the situation by investing in the worlds entertainment capital city

Las Vegas may be attracting overseas investors for a number of reasons. It is said that rental demand is high owing to numerous condo conversions and demolition for redevelopment and population growth. The Las Vegas market at this time appears to be in short on supply of rental property. The demand for the last few years has created a ripe market. As a result, occupancies are running in the high 90% range. The subprime mortgage situation could actually be beneficial to this demand.