Released on: June 13, 2008, 4:53 am

Press Release Author: John Adam

Industry: Real Estate

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

Press Release Body: A recent survey conducted upon the request of the real estate
investment company Karrat Group Ltd. shows that more real estate purchases are
planned for 2008 as compared to last year.

Several factors contribute to this favorable development. First, a report by
UniCredit Group suggests that there is still real estate shortage in Central and
Eastern Europe, enhanced by the population's growing income. Therefore, expectations
are that there will be a moderate growth in the sector despite the global credit
crunch.

Second, analysts point out that 15% of Bulgaria's population plans to purchase
residential property in the next 10 or more years. Demand is highest among young to
middle-aged people, mostly business professionals with income above the country's
monthly average.

Finally, a recent online survey conducted by the British Global Edge suggests that
UK buyers are still interested in Bulgaria's property market.

Karrat Group Ltd. is currently working in close collaboration with Colliers
International and some of Sofia's leading construction and design companies to
implement a project called City of Fountains, which aims to change traditional
apartment building conventions and create the first up-market complex of its kind.

The project's main benefits are excellent location (only 350 m from Business Park
Sofia, with great transport connections to the city centre, airport, and other
areas), unrivalled sports, recreation, and social amenities, as well as outstanding
design and quality implementation.

The complex comprises a territory of 35 000 square meters. There will be 18
residential and 2 office buildings. The total number of apartments will be 750. The
construction process is divided into four main stages. The first stage includes the
construction of 6 residential buildings, and the Restaurant building, which will
have a 2-level underground garage. Construction started on 15 March 2007 and is
planned to end on 15 July 2009.


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