The demand for renting luxurious apartments in Bulgaria resists the crisis
Posted on September 22nd, 2009 in Real estate news | No Comments »
The Bulgarian economy is enduring a difficult period, and less foreigners are choosing to settle in Sofia. This tendency however is compensated by the increasing number of business representatives in the country. According to Peter Dyakov, chief executive of the estate company “Cleves”, the businessmen rent luxurious apartments.
Many Bulgarians are coming back from abroad and the number of diplomats remains unchanged. Despite the market environment, the demand for apartments is at the same level.
Today the company opened 15 new apartments in the district Boyana as part of their latest project – Cleves Edelweiss. The investment was over three million EUR.
The complex Cleves Edelweiss is located in front of the Boyana Residence. It offers completely furnished one-, two- and three-room apartments for rent. Each apartment comes with a provided underground parking lot with an elevetor access to the home itself. A sauna for the tenants is also part of the offer.
“Cleves” are working on their portfolio of luxurious apartment buildings in the best districts of Sofia, which costed them about 40 million EUR.
To this day, the company has invested in 150 apartments in 9 developing districts of Sofia. 40 of them are already prepared for tenants. The rest are missing minor features and finishing touches. “Cleves” will open the other 110 apartments over the next 18 months.
The company owns and services all apartments in it’s portfolio.
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