On the other hand, Georgia has become a top destination globally, and was even named one of the Top 50 Travel Destinations by Travel + Leisure. The US Association for Travel and Tourism Economics states that The tourist demand of this state is 46% higher than in 2008, and that in 2018 tourism generated more than $ 3.4 billion in tax revenue. Atlanta’s airport, its capital, is the busiest in the world.
The state of Georgia, which borders Florida to the north, has low entry values and high profitability. Popular does not necessarily mean profitable. Miami was strongly positioned in the mentality of Argentines, driven to buy apartments or houses for vacation, in principle for comfort and a sense of familiarity. On this occasion, despite its great tourist attractions, Georgia is the destination for that investor – not for the traveler – who wants to receive a net annual return in dollars, and to own a property in constant appreciation in one of the most economical economies. stable of the world.
It is advisable to acquire a unit in a condo-hotel, since they are used for short and long-term rentals, which ensures high levels of occupancy – even during the pandemic, when tourism was slowed – and all the benefits of the investment, without the responsibility of taking care of the maintenance and expenses of the property, which the Management company takes care of. This is one of the main reasons why it attracts the Argentine so much: the ability to manage his investments from a distance and let the money work for him.
Because of the great cost-benefit ratio that Georgia offers Argentines buy properties for $ 45,000 – individually or in bulk – and the return on investment is approximately 8% net per year, that is, all maintenance expenses, expenses, taxes, and possible unforeseen events are already considered.
As an added value, you can buy the property, open the LLC (the American equivalent to an LLC), and open the bank account from Argentina, without having to travel to the United States, since there are companies, such as M360 Management, that are in charge of managing them for a very low value.
Buying a property in Georgia not only promises to generate annual dollar income, but also to invest in bricks in a safe country and in a strong state. According to Zillow, Georgia home values have grown 7.3% over the past year, and it is estimated that this year it will grow by 10.1%.
The world is constantly changing, and investors must adapt to new contexts and opportunities that arise. He real estate remains a safe and profitable option for those who want to diversify their investment risk and obtain a significant profit in dollars.
Konnectia Sales Director