The latest recession that affected global markets did not leave property values unscathed. It affected property pricing across the entirety of the United States – with some possible exceptions being locations such as Florida which remained largely untouched due to the high demand from retirees and those seeking vacation homes.
However, locations such as areas in Georgia were not so lucky. The financial crisis and the recession left many developers and homeowners with assets that saw a significant drop in value. This was also worsened by the fact that the area had seen enormous growth in new build projects. The result was oversupply and buyers who were struggling to get credit for the purchase of property.
The good news is that Georgia – and in particular Atlanta is now well on the road to ...Read More