Georgia is situated in Southeastern of United States. It used to be British colony and named after King George II of Great Britain. Georgia was the fourth state in US to approve the State constitution on January 2, 1788. Georgia declared its retreat from the Union on January 19, 1861, and was one of the original seven associated states. Georgia is known as the Peach State and the Empire State of the South. Stare capital Atlanta is the most populated city and I one of the Global City in stare.
Population: Population around the Globe is growing and so is in Georgia. Need for better facilities and quality residential accommodations is increasing. Population Growth in Atlanta was around 7.67 % between 2010-2016 and estimated to grow by similar pace in next few years while national average is just 3.93% in this period. This indicates that Atlanta is growing much faster than other real estate markets in US hence good sign for investors of good income potential.
Jobs: Job Growth is also god in Georgia, Atlanta in recent years, which ia good signs for real estate Growth. Rental Income is also good and is around 1% of the Property Value. Residential real estate market is booming due to Demand and Supply Gap and situation will remain like this for coming years as the population is growing on continuous basis.
Affordability: Average property prices in Georgia is mush less then the national average prices. An affordable home cam be purchased around 32% cheaper then other states which makes it attractive investment for Investors as well as actual buyers.
Rent and Appreciation: Due to shortage of homes in area and more capacity to pay by people an average of 1% rental income is predicted. During last five years (Jan. 2012 to Jan. 2017), value of Property have increased by 53% way higher than the national average of 29%. This makes it more lucrative for the investors. And this trend is expected to go on for few more years.
Demand: As the Population and Job Growth in Georgia is higher than national average more demand for homes is expected which will result in Higher Demand. And this demand and supply gap will increase the property value to new levels.
Midtown Development: Construction of Technology Square by Early 2019, Apple Store, upscale shopping, high-end restaurants, and eventually a second tower, Corporate Headquarters, Fox Theaters Expansions will result in further hike in real estate value and hence more returns for investors.
Conclusion : Georgia is becoming the dream destination for investments in US due to higher rental income and better returns on Investments. In coming years Georgia will be one of the best destinations for investments across the globe.