If the slight dip in real estate market is any indication of future market trend then many of the planned luxury condo towers projects may not be built as planned. Real estate experts feel that roughly about 80 percent to 50 percent of the condo projects may never take off.

Projects with big names to go with them like Trump Tower and Ivana Tower will still go ahead with out any hitches and others like the Allure condo-hotel tower project will also get built. This is mainly because these projects have a strong financial backing or have secured their financing before proceeding with construction unlike others who got in merely for speculative reasons.

Other projects are likely to fail as they do not understand the local Las Vegas real estate market and its dynamics. Still others only got in because of the boom in the Las Vegas market and have no experience in the construction or real estate business. Still others will fail to take off because of the location. In a boom market these things might have been glossed over but as the market slows down reality will begin to set in and buyers, developers and the rest will see the projects for what they are worth.

Still other experts feel that even if the real estate market bounces back continues it upward trend many of these projects may not see the light of the day because of the fundamental flaws of bad location, no firm financing plan and lack of local market knowledge.

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