Engel & Volkers

The company is founded in Hamburg (Germany) in 1977.

Performance Indicators

In 2013 at the global level the size of the received Engel & Völkers of commission charges grew by 18.2% and was 271.9 million euros, having reached a record high in all 35 years of its existence.

Business in Spain

In 2013 the firm opened in Spain 12 new offices, generally in Madrid and Barcelona, and sold 14 franchizes.

The market of the luxury Spanish real estate in crisis years not only did not suffer, but also endured significant growth, claim in Engel & Völkers company, specializing in similar housing.

In 2013 the company performed 603 transactions of purchase and sale for the amount of 435 million euros which appeared and 48.5% are more, than in the 2012th. Similar data were recorded against the background of the general falling of number of operations on property sale in Spain.

The average cost of the real estate sold by the Engel & Völkers agency in 2013 was 719,759 euros that is 11.6% more, than the previous year. Besides, the company concluded 435 bargains on lease, and the average amount of each of them was 2,496 euros (+11.3% in comparison with previous year). The CEO of Engel & Völkers in Spain David Sheffler considers that these digits confirm the thesis read at the beginning of 2013 about other way of market development of the elite real estate located in the best regions of Spain^[1].

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