The Buckhead and Midtown Atlanta hot condo market is booming!

A report on America’s major cities called Buckhead one of the best subcities in the US. The Robb Report magazine echoed this finding, saying that Buckhead, in the northern part of the city, ranks among the top America’s most prosperous districts has become a growing commercial hub. downtown with many retail stores, high-end shopping centers, fine-dining restaurants, entertainment centers, as well as office and residential buildings, some of which have more than 40 floors. Among the newer towers are the 42-story luxury hotel and condominium called The Mansion and the 50-story Peachtree/Sovereign. In addition, Buckhead is also the financial center of the city with a large portion of Atlanta’s workforce employed here.

When it comes to real estate, Atlanta’s residential and commercial structures and vibrant condition are comparable to those of New York, Boston, and San Francisco. And despite the high costs of real estate in the Atlanta metro area, Buckhead enjoys the lowest vacancy rates in the region.

Buckhead is also the so-called Beverly Hills of the South according to Buckhead Publications. The reason for this is that the area is home to the wealthiest Atlanta residents who own elegant and luxurious homes that include the grand mansions. To name a few are the Governor of Georgia and the British singer Elton John.

Houses here are also plentiful. Their prices range from $500,000 to over $1 million. Buckhead real estate is highly preferred due to its location, shopping and dining centers and the existence of the best schools. In the first half of 2007, some 163 homes were sold in the area.

But in addition to residential properties, condominiums have also become popular with many businesses and individuals who have the budget to spend on luxury living. Condo and loft development in Buckhead is also growing. Most of these condominiums are high-rise structures that offer complete amenities and fantastic views of the Atlanta skyline. Some of them include Terminus Place, The Astoria, The View, One Buckhead Loop, Buckhead Grand, The Grandview, Eon, and Skyline.

In addition to Buckhead, Midtown Atlanta, with a population of 36,000, also has some of the best condominiums in the metropolis. The Midtown area is located between downtown and Buckhead. There, condominiums that offer complete amenities and easy access to important places like business centers continue to attract all types of people who want to enjoy a modern and pampered lifestyle. Some of the new condos in this area are Metropolis, Spire, The Dakota, Mayfair Renaissance, Ponce Springs Lofts, The Plaza Midtown, 905 Juniper, and MidCity Lofts.

Some of the best existing condominiums in Atlanta now include The Spire, Gallery Condominiums, Twelve Atlantic Station, the new Metropolis, Centennial Park West, Cosmopolitan, The Manhattan, Sovereign, Realm and Plaza Midtown.

Atlanta’s real estate industry remains in the top 10 markets in the US Experts say overall market conditions are very good even with historically low interest rates. Mortgage rates are low and continue to drive the housing market. With these facts, there is no way to go to Atlanta but to attract more businesses and homeowners who want to move here forever or invest in a vacation home.