Success on a New Market

By: John Adam

While Sofia is often regarded as one of the best places for property investment, many companies have been too eager to buy land and build, without any prior consideration of the future of the market or the specific demand of the property seekers. Motivated by the rapid growth of the city's population, these firms are often too eager to believe that anything would sell.

However, supply grows as quickly as demand in the 'hot' Sofia property construction sector. People have become well aware of the fact that some real estate projects are much better than others; they also have a very clear idea about what they need. A remote building with bad infrastructure is usually not a compromise, however luxury the construction might be. Nor is a tiny building crammed between old blocks in a crowded area.

Despite the rapid growth in the real estate sector, Bulgaria still has an acute need of modern residential complexes designed to meet the needs and lifestyle of today's typical Sofia property seekers - young professionals and families with a good income, versatile free time interests and high expectations.

There are some companies which have managed to identify the unique needs of Sofia's property market, and probably more are about to follow suit. One of them is the real estate investment company Karrat Group, which is currently developing one of Sofia's most ambitious property projects - City of Fountains.

The idea behind City of Fountains is to create a landmark, a complex which stands out against all existing residential construction, while also offering everything to match the lifestyle of modern people. The complex comprises a total area of 35 000 square meters and will have 18 residential and 2 office buildings, as well as a spacious recreation area and fountains running throughout its grounds.

Property owners and investors in City of Fountains will definitely appreciate its great location. The complex is located in Mladost 4 Residential Area, in close proximity to Business Park Sofia (South-East Europe's largest business complex, where over 200 big national and international companies are seated) and to Vitosha Mountain, which is a favourite weekend destination for Sofia's residents. It has excellent transport connections to the city centre, while Sofia Ring Road provides quick access to all parts of the city and to Sofia airport.

The complex is also remarkable for its unique exterior, interior, and landscape design. Moreover, it will offer a wide range of amenities, carefully selected to satisfy the needs of successful professionals and young families. These will include one of Sofia's biggest fitness and spa centres, a swimming pool (open in summer and covered in winter), various sports facilities, a boutique shopping centre, a supermarket, an on-site kindergarten, restaurants and cafes.

Projects like City of Fountains are the preferred choice for the growing population of Bulgaria's capital. Its unique combination of location, top quality and amenities makes it a favourite place for home or for simply enjoying a cup of coffee in the pleasant atmosphere.

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