January 18, 2012
Thriving Rental Market Encourages Investors to Buy Atlanta property, USA
Over the past few months, the number of investors interested in Atlanta property has risen because of the city’s booming rental market.
With the average age of a first-time-buyers increasing to 32 partly due to large mortgage deposits making buying a home unobtainable for a lot of your people, the rental market has become flooded with many young families and professionals searching for long-term lets.
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 number of available rental properties decreased, the demand for rentals is as strong as ever. This has been shown with the rise of asking rents which Marcus & Millichap predict to increase in 2012 to 2.3% per month, while effec¬tive rents will increase to 2.7% per month.
Furthermore, a report conducted by Standard & Poor's Case-Shiller Home Price Indices, showed that houses in Atlanta had their biggest price drop since 2000 in August-September 2011, allowing investors to purchase Atlanta property well below their true market value.
Due to the strength of the rental market, investors are interested in Atlanta property as a buy-to-let investment opportunity because of the potential high rental returns and, in the long term, high capital appreciation potential.
To help people Atlanta property, Experience International, a leading UK / London based overseas property investment company, are offering access to 50% finance on all properties, enabling investors to secure a newly refurbished, ready-to-lease property in the Atlanta and take advantage of the financial rewards with less initial capital outlay.
Experience International aim to provide both national and international buyers with a hassle-free investment, all of Experience International’s properties in Atlanta are carefully selected and are situated in affluent areas; to make sure that investors get the best possible chance for successful investments.
With rental yields in excess of 15% in most cases, contact Experience International on 0207 321 5858 or email info@experience-international.co.uk for more information about Atlanta property for sale.
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