Engel and Volkers

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This topic contains 5 replies, has 5 voices, and was last updated by Profile photo of katy katy 6 years, 10 months ago.

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  • #55383
    Profile photo of katy
    katy
    Spectator

    Don’t know much about them except they seem to specialise in upmarket properties for sale around the Marbella area. I noticed that they have now opened a swish office on the posh 5th Ave in Naples, Florida. Could it be that properties there take an average of months to sell instead of 3 years plus on the CDS….will I be bumping into Chris on the golf courses there 😉 😆

  • #95996
    Profile photo of Anonymous
    Anonymous
    Participant

    It’s a global franchise, relatively upmarket positioning. They’ve been growing steadily in Spain throughout the crisis.

  • #95998
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    Anonymous
    Participant

    Mark is correct. They have been in Spain, with a very low profiles. I had seen them at property shows normally with a smallest possible stall.

    Their, staff is usually from Germany or Scandinavia, besides they also had a Kiosk near the Bull ring in Marbella and had a few staff hanging around on Market day.

  • #96004
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    Anonymous
    Participant

    taken from their web-site:

    founded in 1977
    licensor since 1997
    operational in 32 countries on four continents
    brand revenues:
    2006: approx. 123,6 million euros
    2007: approx. 160,7 million euros
    2008: approx. 146,5 million euros
    More than 3.300 employees worldwide
    More than 390 Shops (more than 500 Engel & Völkers licences worldwide)
    42 Commercial Offices

    regards
    sunwind

  • #96005
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    Anonymous
    Participant

    Last year we researched Majorca via the internet for months re. property prices, different areas etc. before eventually taking a trip – touring round the whole island, visiting various agents etc.

    Out of all the agents we visited, Engel and Volkers were definitely handling the higher end of the market. Presentation very slick, very professional but some of the prices (considering what the properties were) were just mind-boggling. I’m not sure if their valuations were in line with what the market could take as elsewhere we saw price many reductions but maybe they know the top end of the market is holding there? It certainly looks that way in the region we liked the best around Valldemossa.

    There’s no doubt Engel and Volkers have some beautiful properties on their books but many if not most are in the multi-million bracket. That’s obviously their favoured market.

  • #96016
    Profile photo of katy
    katy
    Spectator

    Maybe it’s the right idea, think of the huge commissions 😀 Far better than having lots of 100,000 euro boxes in poor locations on your books.

    Thanks for the info sunwind.

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