Sofia Real Estate Must Catch Up With New Demands

By: John Adamm

Most companies which are set up in or enter the Bulgarian market choose to have their seats in Sofia to benefit from the opportunities it provides as administrative, political, and business centre. This vast potential explains the enormous interest in real estate investment in Sofia. As the city is rapidly expanding, problems are inevitable and many investors have already experienced these - poor infrastructure, lack of green areas, no commodities in the area, parking problems. As demand for real estate in Sofia is growing higher however, it is also becoming more specific. Modern customers and investors are usually very particular on the things they seek in a property.

The most essential things which are taken into consideration when choosing real estate in Sofia are location, commodities, and appearance. Regarding location, customers tend to avoid the densely populated city centre and the remote suburbs lacking in convenient transport connections. Residential area with easy access to the centre and other parts of the city or areas serviced by the Sofia metro transport are favorite locations.

The commodities which people demand to have in close proximity to their homes are shopping centres, schools and kindergartens, business premises, as well as sports playgrounds and fitness centres, the need of which is driven by the growing concern of health issues. Appearance remains a vital factor - real estate, which tends to be a long-term investment, is usually required to have good appearance, to be attractive to buyers, and to contribute to the overall atmosphere and lifestyle.

The real estate investment company Karrat Group EOOD has started the development of an ambitious top-quality real estate project, City of Fountains, which aims to meet all of the above requirements of families, businesses, and investors looking for a new style of living and work which matches the demands and lifestyle of successful modern people. City of Fountains is a unique project including residential buildings, business premises, and many commodities, with high quality materials and construction, unique facades and interior. The project aims to set a new standard in Sofia perfectly meeting the demands of potential residents and investors.

City of Fountains has perfect location in Mladost IV residential area, only 400 metres away from Business Park Sofia, Arena Cinema, many restaurants, hypermarkets, and schools, and in the meantime conveniently close to the Vitosha Mountain, a top recreation destination for Sofia's residents and guests. It has excellent transport connections to both the city centre (the Business Park metro station is about to be completed in the next few years), other quarters (thanks to its proximity to the Sofia Ring Road), and to the Plovdiv highway which links the city to the south of Bulgaria.

The complex offers many commodities, some of which have not been provided by any real estate project in Sofia before. Among them are a big fitness and SPA centre, swimming pool and sports facilities, kindergarten, restaurants and cafes, apartment hotel, supermarket, and a vast shopping centre.

City of Fountains will be the first residential complex to feature many recreation areas with fountains and alleys. The building exterior and eternal design will be exquisite and luxurious, enhanced by high-quality materials and constant maintenance provided after the completion of the construction process to ensure the condition of the complex. It will be surrounded by a large recreation park area, which will make it very different from other Sofia property, awkwardly rising among old buildings or crumpled in a tiny lot with scarce parking places. The unique combination of location, commodities, and appearance of this top-class project make it an irresistible choice for the seekers of a genuine long-term investment.

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