Investments in Bulgaria`s real estate sector expected to reach BGN 6 billion in 2008

Released on: March 19, 2008, 4:06 am

Press Release Author: John Adam

Industry: Real Estate

Press Release Summary: Investments in Bulgaria's real estate sector expected to
reach BGN 6 billion in 2008

Press Release Body: Housing tastes and preferences in Sofia's property sector have
markedly changed over the last several years, a recent report suggest. This has been
the result of the still continuing construction boom in the city and the growing
competition among real estate investors. With property investment amounting to over
40% of the country's total volume of investment and the sector's annual growth
reaching 15%, the focus of home-seekers has shifted.
The time of short-term strategies whose sole focus is on high profit and quick
revenue is over - what counts now, for individuals and companies alike, is quality.
Quality matters in location, infrastructure, construction materials, and design -
features that are now considered essential.
Sofia's typical property seekers today are successful business professionals or
young families with a hectic daily schedule, who work hard, but also, have very high
demands in terms of comfort and amenities. It is a common situation that they work
at Business Park Sofia - the biggest business and office complex in South-Eastern
Europe, with over 200 company offices, cafes, restaurants, and hypermarkets. Besides
size, Business Park Sofia boasts excellent location and great transport connections.
While this customer profile remains a mystery for many property investors in the
company, some have carefully studied and exploited it in order to be able to offer
the property that meets clients' needs.
One such company is Karrat Group Ltd., an ambitious real estate investment firm that
is currently developing the complex City of Fountains. The unique complex is located
only 400 m away from Business Park Sofia. It has been designed to meet the special
living and pastime needs of successful professionals by offering them the high
standards and varied amenities that they demand.
In addition to top-class construction materials, design, and varied sports, leisure,
and shopping facilities, City of Fountains offers a unique atmosphere, rendered by
vast green recreation areas within the complex and a number of fountains throughout
its grounds. These make it an undoubted favorite for spending one's free time after
a hectic business day.
Projects like City of Fountains are the future of Sofia's real estate sector,
experts claim, because they are able to combine all the advantages of the 'perfect'
home and guarantee a place of great comfort and functionality.


Web Site: http://www.cityoffountains.eu

Contact Details: http://www.cityoffountains.eu

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