“The city in a forest,” home to the busiest passenger airport
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Ranked as a Beta+ city, it is amongst the leading metropolitan centers as regards to economic diversity, business opportunities, and investments. The economic and financial strength of this city has made it an ever-appealing prospect for students and young professionals. The city is also home to professional franchises of five major team sports in the country.
Culture, History, and Business
A town built as just a rail terminal today represents a symbol of culture and robust economy within the region. The American civil war saw the city razed down during “the march to the sea”, but Atlanta built itself back up from the ashes. Referred to as “the unofficial capital of the new South,” it has experienced an accelerated transformation, developing into a giant economy town with numerous activities. The capital city of Georgia also a major player in the global transportation sector, with its international airport, the Hartsfield–Jackson Atlanta International Airport ever since 1998 becoming the busiest airport on the globe, as regards passenger traffic.
The city of Atlanta is ranked within the 20 top global cities in terms as regards its gross domestic product amounting to $385 billion. It is also tenth in its country in GDP ranking. The city is home to 26 consulate generals, its country’s seventh-highest, and a majority of fortune 1000 companies do business out of this city. The state of Georgia’s capital city also has several communities and neighborhoods to pick from with attractive investment potentials.
Real Estate Appeal
The real estate within the city is showing a continuous upward trend that was given a massive boost after the Atlanta 1996 Olympic games. The Atlanta Real Estate rates are projected to exhibit sustained growth with the country’s average. The rates are predicted to rise by 2-3% within this year. This sustained growth will trigger the prices in the city to go above the country’s average which will, in turn, offer a profitable property market in the city for any real estate investment made.
As of 2018, the Atlanta real estate market was perceived to be a strong sellers’ market, however, now it is rapidly transforming into a buyers’ market. Also, the development of more properties for sale will ensure the rates are moderate and easier on the pocket.
The most interesting trend about the Atlanta property market is that a lot of investors will increasingly invest in properties to rent. Moreover, rentals are deemed economically wiser for the local workforce by contrast to purchasing a temporary home.
If you are still skeptical as to whether to invest in Atlanta, read on to find out why you shouldn’t think twice before investing, and also to discover the best neighborhoods that are worth investing in.
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