Good Outlook for Bulgarias Real Estate Sector

By: John Adam

The real estate sector in Bulgaria has a great potential. The demand for property in the country, and Sofia in particular, will continue to grow during this year. This trend is particularly valid for commercial and industrial property, as well as for office and residential buildings, since Sofia is rapidly growing in size and population and needs modern commercial, industrial, office, and residential buildings.

This is the forecast for the real estate market according to the analysis done by the real estate investment company Karrat Group Ltd, which is currently developing one of the most ambitious residential construction projects in Sofia - City of Fountains.

City of Fountains has been designed with modern people in mind - the company has carefully considered the tastes, needs, and lifestyle of young professionals and families in order to be able to offer them something that uniquely matches their demands.

The complex is located in Mladost 4, which is Sofia's fastest developing residential area, in close proximity to many schools and hypermarkets. It is only 400 m away from Business Park Sofia, South-East Europe's largest business and office complex with over 200 offices, restaurants, cafes, and Arena cinema complex.

City of Fountains has excellent transport connections to the city centre, while also being conveniently close to Sofia Ring Road, which allows residents to avoid rush-hour traffic and reach practically any part of Sofia within minutes. The complex is also close to the Vitosha Mountain, a favourite recreation destination for the fans of various outdoor activities.

The complex has been designed so as to stand out against the background of all existing real estate projects in Sofia. It will be the only residential complex with fountains running throughout its grounds. The beautiful and relaxing atmosphere of the landscape will be enhanced by top-class exterior and interior design. The complex area is surrounded by a large municipally-owned lot, which will be turned into a recreation park area.

One of the unique features of City of Fountains is its outstanding range of amenities, carefully selected so as to meet the demands of successful professionals and their way of life. The complex will feature one of Sofia's largest fitness and spa centres, a large swimming pool, and various sports facilities. There will also be an on-site kindergarten, numerous cafes and restaurants, as well as a supermarket and shopping centre.

The complex will be able to offer the comfort and quality today's property seeker considers essential. There is a great demand for this type of projects, Karrat Group claim, as the market grows and people become less willing to make compromises with location, standards, or amenities.

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