Released on: June 13, 2008, 4:51 am

Press Release Author: John Adam

Industry: Real Estate

Press Release Summary: Various factors contribute to the market's positive trends

Press Release Body: 2008 and the next few years will be another good period for the
property construction and development sector, according to a market survey conducted
upon the request of real estate investment company Karrat Group Ltd. The survey
analyzed market trends in the sector, demand, and the major projects that are to be
implemented over the next several years.

All property construction sub sectors will be the object of great investment
interest: business, industrial, tourist, and residential property investment will
grow despite some worries about the global credit crunch.

In the business property sector, several main trends can be identified. There is
unprecedented growth in the construction and lease of class A office buildings,
mainly motivated by the growing number of international companies which enter the
Bulgarian market. The same is valid for the so-called commercial centers, which
proved to be a very successful format in big cities, and the construction of which
will continue in Sofia, Varna, Plovdiv, etc.

The investment potential of industrial property is also growing; many construction
projects were started or are about to be completed in 2008. While most of them are
small - to - medium - scale works and enterprises, the tendency for this sector is
to gradually grow and cover some major industrial construction projects.

The main trends in tourism building are investment in spa centers and projects for
small hotels or resort complexes in some of the country's still-undeveloped areas.
Tourism is developing, and the number of foreign visitors to the country is
increasing each year, so investment in tourism is to continue to rise over the next
years.

In terms of residential real estate investment, closed-type residential complexes
are the type of property that attracts the highest interest among investors and
individual buyers, especially in the country's big cities. As the population grows
and traffic and pollution problems begin to emerge, people realize the need of
comfort and convenience - two of the main features that this type of residential
complexes offer.

Karat Group Ltd. is currently developing exactly one such complex. It is called City
of Fountains and real estate experts often describe it as 'Sofia's most ambitious
real estate project'. The project is located in the quickly developing Mladost 4
Residential Area, and will consist of 18 residential and 2 class A office buildings.
City of Fountains has been especially designed to meet the lifestyle needs of
successful professionals and working families; therefore it offers excellent
location and transport connections, outstanding quality and landscape design, as
well as an impressive range of leisure, social, and shopping amenities.


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

Contact Details: Adress:

Sofia,
Business Park Sofia,
building 8,
ent "С", 5 fl,
office 509

Telephone/Fax:

+359 2 974 2750,
+359 2 974 2776,
+359 2 974 2781

E-mail:

info@karrat-group.com

Official represantative in Mocsow:

+7 499 1327934;
+7 903 7227961