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Closed complexes - the future of luxury real estate in Sofia and in our country

In this article we will look at something that is observed as a market trend - gated communities are gaining popularity and there is a growth in demand.

We will consider the closed complexes as an element of the real estate market and the apartments in them. An interesting niche in the real estate market in our country.

Luxury property for rent?

Many people would hardly imagine that luxury properties are often rented out. Apartments for rent in gated communities in Sofia are often a sought-after option by people with opportunities for two reasons:

  •       People with money prefer to live on rent and do not want to close a six-figure amount in an asset that is difficult to liquidate;

  •      The work of this type of people sometimes has different dynamics, which involves relocation to different parts of the world - for example, a sales director in an international corporation would be sent to develop the market in another country.

Let's not forget that this is not a mass niche. If you search on Google for things like:

"Luxury apartments Sofia", "Luxury apartments in Sofia for rent" you will not find so many results. This is a niche but very high quality market segment.

However, the real added value of the gated complexes is the sale. It is the presence of security, maintenance of common areas (albeit for a fee) gives security to people who want to invest in a luxury property, but still want to rely on security and a comprehensive solution for all related services that go to one housing.

Closed complexes in Bulgaria

While years ago the closed complexes could be seen as realized projects mainly on the beach and in the capital, in today's peak wave of the real estate market they are a large part of the projects in the big cities in our country. Such properties can be seen in Plovdiv, Stara Zagora and other cities in Bulgaria, which traditionally have a good standard of living and influx of people.

And make no mistake - we are not just talking about luxury apartments. There are many construction contractors who have decided to invest in the construction of complexes with luxury houses for rent (or for sale).Looking at the overall picture we can say that a large part of the future luxury properties will be in gated communities.

If you are looking for help in finding the right apartment you can find it in our huge portfolio, and our agents are always available to assist you.