Sofia`s real estate market has a huge potential

Released on: February 12, 2008, 12:30 am

Press Release Author: Karrat Group

Industry: Real Estate

Press Release Summary: Real estate investors Karrat Group analyze the main trends of
Sofia's property market

Press Release Body: The demand for real estate in Sofia will continue to grow,
according to the market analysis conducted by real estate investment company Karrat
Group Ltd. The property investment experts at the firm claim that there will
continue to be great demand for new construction, mainly of modern office and
residential complexes.

The company is currently developing its ambitious project City of Fountains, a
complex with 18 residential and 2 office buildings, with a total of 750 apartments,
aimed to provide unique location, design, and unrivalled amenities and offer
property seekers and investors something completely different from everything that
has been done in Sofia before.

The first phase of City of Fountains will be completed in 2009 and is located in
Sofia's modern Mladost 4 Residential Area, with excellent transport connections to
the city centre, the Vitosha Mountain, Sofia airport, and Sofia Ring Road, providing
easy access to virtually any part of the city. It will offer superb landscape,
exterior, and interior design, and will be the only complex with spacious green
recreation areas and fountains running throughout its grounds.

The wide range of amenities in City of Fountains will include numerous sports
facilities, such as a large fitness and spa centre and a swimming pool, an on-site
kindergarten, an apart-hotel, a shopping centre, restaurants, cafes, and many
others, which will make it an unmatched place for spending free time, a favourite
location for meeting friends or for relaxation.

Apartments are still the preferred property type in Sofia, Karrat Group claims.
There are however some emerging trends, such as the preference for complexes rather
than isolated buildings, and for some new types of property, such as the 'loft'
apartments, very popular in other parts of the world but still not known in

Another clear trend in Sofia's real estate development is the requirement for many
amenities inside residential complexes. This is the result of the changing lifestyle
of the capital's residents. Today's typical home buyers are successful professionals
or families with hectic daily life, but also with versatile pastime interests and
very high expectations.

Web Site:

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

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