January 17, 2010 at 6:18 pm #55383
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 😉 😆
January 17, 2010 at 7:39 pm #95996
It’s a global franchise, relatively upmarket positioning. They’ve been growing steadily in Spain throughout the crisis.
January 17, 2010 at 8:25 pm #95998
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.
January 18, 2010 at 8:37 am #96004
taken from their web-site:
founded in 1977
licensor since 1997
operational in 32 countries on four continents
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
January 18, 2010 at 8:58 am #96005
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.
January 18, 2010 at 11:17 am #96016
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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