In recent months, the number of investors interested in Atlanta property has risen because of the city’s growing rental market.
With the first time buyer average age rising to 32 partly due to high deposits for mortgages making purchasing a home unobtainable for a lot of your people, the rental market has become flooded with many young professionals and families searching for long-term lets.
The Marcus & Millichap Q4 2011 Market Research Report for Atlanta stated, the vacancy rate for all properties was in Q4 was 8.6%, which equates to a decrease of 20 basis points from midyear.
With the number of available rental properties decreased, the competition for rentals is fierce. This has been reflected with the rise of asking rents which Marcus & Millichap predict to rise in 2012 to 2.3% per month, while effec¬tive rents will increase to 2.7% per month.
What’s more, a report conducted by Standard & Poor’s Case-Shiller Home Price Indices, showed that Atlanta houses experienced their biggest price drop since 2000 in August-September 2011, allowing investors to acquire Atlanta property at 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 investment opportunity because of the potential high rental yields and, in the long term, high capital appreciation prospects.
To help people Atlanta property, Experience International, a leading UK / London based overseas property investment company, will be providing access to 50% finance on all properties, enabling investors to purchase a newly refurbished, ready-to-lease property in the Atlanta and benefit from the financial rewards with less initial cash 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 wealthy areas; to ensure that investors get the best possible chance for successful investments.
With rental yields of more than 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.
