Over the past few months, the amount of investors looking to buy Atlanta property has increased because of the city’s growing rental market.
With the first time buyer average age increasing to 32 partly due to large mortgage deposits making purchasing a house unobtainable for a lot of your people, the rental market has become flooded with many young families and professionals searching for long-term rentals.
According to the Marcus & Millichap Q4 2011 Market Research Report for Atlanta, the vacancy rate for all properties was 8.6% In the fourth quarter, which equates to a decrease of 20 basis points from midyear.
With the amount of available rental properties decreased, the demand for rentals is as strong as ever. This has been reflected with the rise of asking rents which Marcus & Millichap forecast to increase in 2012 to 2.3% Per month, while effective rents will increase to 2.7% Per month.
What’s more, a recent report conducted by Standard & Poor’s Case-Shiller Home Price Indices, stated that Atlanta houses had their biggest price drop since 2000 in August-September 2011, meaning investors can purchase property well below their true market value.
Due to the high demand in the rental market, investors are looking for Atlanta property as a buy-to-let investments because of the potential high rental returns and, in the long term, strong capital appreciation prospects.
To help investors buy property in Atlanta, Experience International, a leading UK / London based overseas property investment company, will be offering access to 50% finance on all houses, enabling investors to secure a newly refurbished, ready-to-lease property in the city and take advantage of the financial rewards with less initial capital outlay.
Experience International aim to offer both international and national buyers with a hassle-free investment, all of Experience International’s houses for sale in Atlanta are carefully selected and are situated in wealthy areas, to ensure that investors get the best possible chance for successful investments.