Demand for Sofia property is still rising, if investors know how to meet it

Released on: February 19, 2008, 12:26 am

Press Release Author: Karrat Group

Industry: Real Estate

Press Release Summary: The key to success on Sofia's property market is keeping in
mind changing customer needs

Press Release Body: Interest in Sofia property investment projects is continuing to
rise despite fears that there are already too many players on the market, a recent
report suggests. A survey conducted by real estate investment company Karrat Group
suggests that while the demand for Sofia homes is growing, it is not as easy to meet
the buyers' expectations it as it used to be several years ago.

According to Karrat Group's survey, people now have an entirely different approach
to home-seeking as compared to the 'any home would do' view that they used to have
not more than two or three years ago. While during the last several years
construction companies aimed to build many homes as quickly as possible, this is no
longer the case. Today's property seekers in Sofia have numerous requirements
regarding location, landscape, interior design, the quality of construction
materials, nearby amenities, and many other things. People now realize that buying
an apartment is a crucial investment and they want a home that can meet their

Some investors on the property market have begun to realize this change in consumer
needs and start to offer clients exactly what they are looking for. For instance,
Karrat Group has set itself the ambitious aim of meeting clients' demands and tries
to offer customers the property they are actually looking for. The company is
currently developing an ambitious project called City of Fountains and located in
Mladost 4 Residential Area.

City of Fountains will consist of 18 residential and 2 office buildings, on a total
area of 35 000 square meters, and is located 400 m away from Business Park Sofia,
often referred to as "Sofia's new City".

The complex aims to offer its residents and visitors an excellent landscape,
exterior, and interior design, as well as unrivaled amenities, including a fitness
and Spa center, a swimming pool, a supermarket and a shopping area, restaurants and
cafes, an on-site kindergarten, and many others. There will be numerous fountains
running throughout its grounds, whose purpose will be to render a unique atmosphere
of harmony and comfort.

The construction of the complex started on March 15, 2007, with the first phase due
for completion in January 2009.

Web Site:

Contact Details: Sofia,
Business Park Sofia,
building 8,
ent "С", 5 fl,
office 509
+359 2 974 2750

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...