Nevada REALTORS® visit France to showcase Silver State real estate, attending world’s largest real estate conference and networking event

Top REALTORS® from Nevada will be showcasing the Silver State and its real estate opportunities by attending MIPIM, the world’s leading global real estate market, business conference and networking event, being held March 15-18 in Cannes, France.

At least six leaders of the statewide Nevada Association of REALTORS® (NVAR) and the Greater Las Vegas Association of REALTORS® (GLVAR) are scheduled to attend. They include NVAR Past President Kevin Sigstad, GLVAR Past Presidents Keith Lynam and Heidi Kasama and GLVAR CEO Michele Caprio, as well as Las Vegas REALTORS® Rena Levy and Azim Jessa.

These Nevadans will be part of a growing USA pavilion, hosted by the National Association of REALTORS® (NAR), the nation’s largest real estate trade organization.

This is the second year of NAR’s expanded presence at this global event, providing local and regional U.S. markets the ability to showcase opportunities for foreign investment.

“The U.S. is consistently among the top-ranked markets for real estate investors,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “Events in other global markets, including the slowdown in China and the recession in Brazil, further strengthen the U.S. position as the safest place to put money and see strong returns for both domestic and international investors.”

GLVAR and NVAR leaders added that Las Vegas and Nevada have become increasingly popular places for foreign buyers to invest in homes and other forms of real estate.

Industry research reveals foreign buyers plan to invest more cash in U.S. real estate in 2016 than in 2015, which saw massive inflows of foreign capital to the U.S. market. In fact, 64 percent of foreign investors surveyed by the industry association AFIRE plan to increase U.S. property investments in 2016.

In addition to Nevada and the greater Las Vegas area, U.S. markets featured in the USA pavilion include the states of Florida, Illinois and Missouri and the metro areas of Miami, San Diego and Scottsdale, Arizona. The CCIM Institute and the Institute of Real Estate Management, both affiliated commercial industry groups of NAR, will also be featured in the USA pavilion.

Some 21,000 leading real estate executives from 89 countries, including more than 4,800 investors, are set to travel to Cannes for the four-day annual gathering of the global real estate industry. The event brings together investors, developers, occupiers, architects, hotel groups, public authorities, city mayors and property associations from around the world.