Bright Prospects for Sofias Real Estate Sector

By: Anthony Woods

High quality and the right vision are essential for success

Bulgaria's financial and real estate specialists are still optimistic about the future of Bulgaria's real estate sector despite the widespread credit crunch and growing consumption costs. This was one of the main opinions stated at BalREC, the press conference that was held as part of the Balkan Real Estate Conference that took place in Sofia in the middle of April.

It was stressed that real estate investors are very likely to compromise high profits if the high quality of real estate projects is guaranteed. According to experts, this is confirmed by the growing interest in some of Sofia's most ambitious residential projects.

One such project is City of Fountains, which is currently developed by the real estate investment company karat Group Ltd. The company has set itself the ambitious aim of creating something markedly different from everything that has been done in Sofia's real estate sector before. The main idea is to offer a residential complex uniquely suited to the lifestyle and needs of successful business professionals who are the biggest chuck of today's property buyers. The complex provides a well-balanced combination of great location, high-quality design and implementation, and an unrivalled range of amenities.

City of Fountains is located in the dynamically developing Mladost 4 Residential Area, and benefits for close proximity to and a breathtaking view of the Vitosha Mountain. It is only 400 away from Business Park Sofia, the seat of numerous successful national and international companies and South-East Europe's biggest office and business complex. It has easy access and excellent transport connections to the city centre, and its proximity to Sofia Ring Road ensures quick transport to virtually any part of the city.

The complex boasts outstanding landscape, exterior, and interior design. Special attention is paid to detail, as it is essential that residents enjoy the beauty and comfort that City of Fountains has to offer to them. In order to preserve the original high quality, the maintenance of the complex will be assigned to a specialized company after construction is completed.

Regarding the amenities, City of Fountains can offer a wide range of pastime activities and cater for all the daily needs of its residents. There include one of Sofia's biggest fitness and spa complexes, a big swimming pool, various sports amenities, a large shopping centre, a supermarket, an on-site kindergarten, restaurants and cafes.

Interest in the project is great, Karrat Group officials explain. Most apartments to be completed as part of the first project stage have already been bought, which is a clear proof that quality and vision are essential for the success in Sofia's highly competitive real estate sector.

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