Many believe that the greatest boom in Atlanta real estate is still about to happen. With an increased growth in population, followed by the increased rate of employment, the value of real estate has been escalating continuously. But prices are still reasonable compared to other metropolitan areas. New York for example, will cost more than one million dollars for the same property that is being offered in Atlanta for $250k to $300k.

The rapid pace of its development has made Atlanta the center of many industries. Therefore, the oversupply of commercial buildings decreased the value of commercial properties. Because of this, Atlanta’s mortgage interest rates are still comparatively low.

This entry was posted on Thursday, March 20th, 2008 at 6:35 pm and is filed under Atlanta. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.