Engel & Völkers sets turnover record once again in 2019
• Group commission revenues exceed €800m for the first time
In 2019, the Engel & Völkers Group increased its total commission revenues by 13% to €820m (2018: €728m). This marks yet another growth in turnover for the globally operational real estate company in the last financial year. “This record result for us, with a turnover in excess of €800m, demonstrates just how effectively our expansion strategy has taken hold around the world,” says Sven Odia, CEO of Engel & Völkers AG.
Strongest growth in residential operations in North America, Switzerland and Italy
At 30%, North America can report the highest increase in turnover in the Group’s Residential division. This growth can be attributed to the opening of many new shops in the market and to the increasing numbers of real estate agents. In Switzerland too, the real estate company remained on its steady course of success, increasing turnover by more than 26%. Engel & Völkers Italy also closed major deals last year, resulting in 24% growth over the previous year. In the Dach region, the company achieved a 13% increase in turnover compared to last year.
The Commercial division can also report a steady performance, with total commission revenues of €122m.
Outlook: planned
Further
growth
In 2020, Engel & Völkers will set forth its expansion in high-profile real estate markets. The Group is now operational in over 800 locations spanning four continents, with more than 12,000 people working under the brand. “For this new year, we intend to particularly intensify our international business, as well as focus our efforts on new business segments,” says Odia.
Engel & Völkers is one of the world’s leading service companies specialised in the brokerage of premium residential property, commercial real estate, yachts and aircrafts.
Find out more how your local Engel & Völkers Malta can assist you in all your real estate needs from buying to selling or renting by visiting www.engelvoelkers.com/enmt/malta/. You can also phone on +356 2347 0000, visit the Market Centre in Mriehel Central Business District or one of their shops in Attard, Fgura, Sliema and St Paul’s Bay.