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Georgia Investment Property Loans and Real Estate

Peach of a Deal for Peanuts!

Georgia land for saleGeorgia has a very strong economy, in fact, has a strong impact on the rest of the country. As of 2022, Georgia's GDP increased to $579.7b, which is a 2.0% growth from the previous year.

In fact, Georgia has had an annualized rate of 2.1% growth in GDP over the past five years and currently ranks 14th out of all 50 states in terms of trailing five-year GDP growth.

If Georgia were a stand-alone country, it would be the 28th largest economy in the world. This makes Georgia a prime location for positive cash flow investments.

Atlanta has a large effect on the state of Georgia and the Southeastern United States. Atlanta has been the site of growth in the real estate, service, and communications industries. Tourism makes an important contribution to the economy with attractions such as the Georgia Aquarium, the Center for Civil and Human Rights, the World of Coca-Cola, CNN Center, Zoo Atlanta, and Stone Mountain park. The city is also a major rail hub in the Southeast.

Atlanta has been at the center of rapid economic development in Georgia and the Southeast United States for much of the past two decades. The city's economy is fueled by a diverse mix of industries, including real estate, service, and communications.

 

All About Georgia

Each region has its own distinctive characteristics. For instance, the Ridge and Valley, which lies in the northwest corner of the state, includes limestone, sandstone, shale, and other sedimentary rocks, which have yielded construction-grade limestone, barite, ocher, and small amounts of coal.

 

Georgia Economy

The expansions of real estate investment loans were recently influenced by peanut butter and traced to many new manufacturing & processing facilities in southwest Georgia.  This jumpstarted the economy for industry and manufacturing, we can be sure to see more companies like Kubota's continued investments in Georgia making the state a great manufacturing base and creating future job growth.

With an average growth rate of 1.1 percent, Georgia is projected to add over 55,000 jobs per year, amounting to a total of 552,000 new jobs up to the year 2028. Consequently, the state's total employment will exceed 5.2 million by 2028.  - Georgia workforce trends

Atlanta, Georgia cited earnings growth as one of the drivers of the market attracting firms like Huntington Industrial Partners, an industrial real estate operating company developing infill industrial properties in select U.S. market

Population

Georgia Population GrowthGeorgia occupies the southeasternmost corner of the United States. With a total surface area of 59,425 square miles (153,909 square kilometers), it is the 24th largest US state by land mass. On average, there are 168.4 people per square mile of Georgia territory.

Georgia is bustling with a population density that ranks 18th in the United States. As the largest city by population, Columbus takes the cake. But Fulton county outshines them all with over 1 million residents.

 

Tourism

Last year, Georgia kept its No. 5 ranking for domestic overnight visits, which is a vital accomplishment for the state's economy and showcases how well Georgia competes in the tourism industry on a national level. Additionally, Georgia's leisure sector of the tourism economy continues to excel, setting it up nicely for future growth and prosperity within the travel industry.

Last year, Georgia travel and tourism contributed $64.5 billion to the economy and created more than 422,600 jobs. The state's 159.6 million domestic and international visitors spent a total of $34.4 billion. Traveling within Georgia has fully rebounded to the levels it was at before 2019. In total, there were 159.2 million overnight and day trips, which generated $4.2 billion in state and local tax revenue--the same amount that was generated the year before.

GA Real Estate Data & Trends

The median rent price in Georgia is $1,861 with a home listing price of about $429k, and in Atlanta about $370k. Georgia home values have gone up over the past year and are predicted to rise within the next year.

According to the National Housing Trend Report by Realtor.com,  the median list price is up heading upward at a yearly rate of 7.2%

In Summary

Georgia offers a wide and growing amount of opportunities for real estate investors. With the growth in the industry, population, and tourism, it's a nice place to visit and a great place to invest.

GA Real Estate Resources

Landlord & Real Estate Law in Georgia:

Georgia law does not regulate the details of the landlord-tenant relationship but does set some guidelines.


Investment Real Estate for sale by the State of Georgia:

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Read 10932 times Last modified on Tuesday, 01 November 2022 03:48