There is even news of an alleged $25 million renovation, driving demand to be in Atlanta Country Club even higher.
Approaching a "balanced market" in 2023 in Cobb County
Investing in Real Estate in Metro Atlanta in 2023: A Guide to the Booming Market
The growth in the real estate market in Metro Atlanta presents an attractive investment opportunity for several reasons. First, the city has a strong economy, which is expected to continue growing over the next few years. According to the Metro Atlanta Chamber, the city's economy is expected to grow by 4.3% in 2023, which is higher than the projected national growth rate of 2.7%.
Following the Money: What are the world's billionaires buying?
Farming is another reason why billionaires are buying land in the USA. As food security becomes an increasing concern, many billionaires are looking to invest in farmland. The demand for food is expected to increase as the world's population grows, and farmland is a finite resource that is not easily replaced. Additionally, with the increasing popularity of organic and sustainable agriculture, farmland is becoming even more valuable. By buying land in the USA and turning it into farmland, billionaires can not only protect their wealth but also contribute to the food security of the nation.
What will the luxury real estate market look like in 2023?
Demographic changes are another factor that could influence the luxury real estate market in 2023. As the population ages, there may be an increasing demand for properties that cater to the needs of older buyers, such as those with accessibility features or maintenance-free living options. On the other hand, younger buyers may be attracted to properties with modern amenities and technology, as well as those that offer opportunities for outdoor recreation and wellness.