Georgia’s film industry is expanding into the real estate market as a new study suggests Atlanta will be in the top 5 real estate markets of 2016.
In a new analysis by realtor.com, the Metro Atlanta real estate market will be one of the best in the country in 2016. In the website’s new article “Top Real Estate Markets to Watch in 2016,” Atlanta came in at No. 5 with realtor.com arguing a 7.4 percent increase in existing-home sales and a 9.55 percent increase in median sales price.
New Orleans came in sixth which should not come as a surprise as the city has become a major filmmaking capital in the last ten years.
Here is a complete breakdown of the top 10 real estate market areas.
- Providence
- St. Louis
- San Diego
- Sacramento
- Atlanta
- New Orleans
- Memphis
- Charlotte
- Virginia Beach
- Boston
Georgia is one of a select few states and countries that provide film tax incentives to Hollywood producers and filmmakers that spend over $500,000 on a TV show or movie. This has helped Georgia become the third largest filmmaking industry in the world and help land over 20 TV shows and movies to film in the Peach State, which brings thousands of new jobs, and high paying actors, models, producers, and Hollywood executives below the Mason-Dixon line; boosting the demand for new homes.
Currently, Jennifer Lawrence’s Passengers and Clint Eastwood’s highly anticipated Sully filmed in Atlanta, Georgia with reports of Guardians of the Galaxy 2 expected to film in Atlanta as well.
