Demand for Sofia Apartments

By: John Adamm

Demand for apartments in Sofia has reached unprecedented levels. Properties in Sofia have the highest rates of price growth and attract the largest number of investors. The main reason for this is location.

Sofia is Bulgaria's biggest, busiest, and most developed city. Its permanent population is almost 1.5 million people. The city is also the home of thousands of businesses, branches of international corporations, state authorities and foreign embassies, and has the highest rates of infrastructural and urban development.

It is therefore not surprising that Sofia is the property focus for most successful professionals and working families, who account for a large proportion of today's home seekers. People are usually looking for apartments that are able to offer them not only a home, but also unrivalled convenience, comfort, and high quality. Most construction companies on the market are beginning to realize this and are trying to offer clients exactly what they need.

One such company is the real estate investment firm Karrat Group Ltd., which is currently developing City of Fountains, a high-profile residential and office complex in Mladost 4 Residential Area.

The first stage of the complex will be ready in the beginning of next year. When completed, City of Fountains will consist of 18 residential and 2 office buildings. There will be 750 comfortable apartments with area ranging between 45 and 200 square meters, located in a unique landscape.

City of Fountains is only 400 m from Business Park Sofia, South East Europe's biggest office and business complex, and gas excellent transport connections to virtually all parts of the city.

Once they enter the complex, residents and visitors to City of Fountains will become part of a hospitable and welcoming environment of excellently designed and built homes, offices, shops and amenities combined with great recreation areas and fountains. The wide range of amenities includes various sports facilities, swimming pools, one of Sofia's biggest fitness and spa centres, restaurants, cafes, a supermarket, an on-site kindergarten, and many others.

City of Fountains is a unique project in that it is the first complex that aims to fully meet the demands of today's property seekers. According to analysts, however, this is definitely going to change and other similar complexes are bound to emerge over the next few years.

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