Sofia is quickly becoming a key real estate investment destination. The major factors that contribute to this development are the economic changes since Bulgaria’s accession to the EU, as well as the demographic changes taking place in the country. The first factor, Bulgaria’s joining the European Union, has contributed to the growing popularity of the capital as a strategic economic and business location that attracts individuals as well as organizations. An estimated 40 000 Britons now own property in Bulgaria, many of them in Sofia, and demand is rapidly growing. Moreover, as many large multinationals enter the market, they choose Bulgaria for their head offices and attract a large number of expatriates or residents of other cities, who choose to live, work, and invest their salaries in Sofia. The demographic factor can generally be described as a prominent trend is the increase of Sofia’s population at the expense of many other geographic areas. Most university students who are originally from the provincial towns choose not to go back to their hometowns after graduation and seek professional realization in Sofia. While several years ago property seekers used to be content with almost any home, demands have grown significantly. Young professionals need something that can fit their lifestyle and can offer them all the amenities they need and often take for granted. This has been reflected in the real estate sector as well. What clients look for today is mainly conveniently located residential complexes, built up to the highest standards and in accordance to what customers need. One such complex is City of Fountains, which is currently being developed by real estate investment company Karrat Group Ltd. The complex is located in Mladost 4 Residential Area, Sofia’s fastest developing business and residential region, and has excellent transport connections to the city center, the airport, and Vitosha Mountain. City of Fountains is only 400 m away from Business Park Sofia, South-East Europe’s largest office complex. The exterior, interior, and landscape design of City of Fountains are intended to make the complex stand out against the background of everything that has been done before. The complex will be the only one featuring numerous fountains running throughout its grounds, and will have significant recreation areas. Besides beautiful, the complex will also be very convenient. There will be a large number of unrivaled amenities, including a big fitness and Spa center, a swimming pool, a shopping center, an on-site kindergarten, among others.
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