Engel & Völkers Licence Partner Luzern > Blog > Engel & Völkers sets turnover record once again in 2019

Engel & Völkers sets turnover record once again in 2019

In 2019, the Engel & Völkers Group increased its totalcommission revenues by 13 per cent to 820 million euros (2018: 728 million euros). 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 800 million euros, demonstrates just how effectively our expansion strategy has taken hold around the world,” says Sven Odia, CEO of Engel & Völkers AG.

- Group commission revenues exceed 800 million euros for the first time

Strongest growth in residential operations in North America, Switzerland and Italy

At 30 percent, 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 percent. Engel & Völkers Italy also closed major deals last year, resulting in 24 percent growth over the previous year. In the DACH region, the company achieved a 13 percent increase in turnover compared to last year.

The Commercial division can also report a steady performance, with total commission revenues of 122 million euros.

Outlook: Further growth planned

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 Sven Odia, CEO of Engel & Völkers AG.

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Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.

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Canton Lucerne - living in the heart of Switzerland

We offer fantastically beautiful properties in Meggen, St. Niklausen, Kastanienbaum, Horw, the city of Lucerne, Weggis or elsewhere in the beautiful canton of Lucerne. The charming central canton in the heart of Switzerland is known far beyond the borders of Lake Lucerne. In addition to a wide variety of locations, the canton of Lucerne also boasts outstanding infrastructure and a sometimes unique tax environment. The canton’s central location offers property owners a large selection of nearby destinations.

The central city life in Lucerne is particularly in demand for apartment seekers, but holiday destinations such as Weggis and Vitznau also invite you to discover your dream home further out.

The city of Lucerne – an oasis of well-being for property owners

The city of Lucerne is considered by many to be one of the most beautiful cities in Switzerland.  The chapel bridge of Lucerne and the water tower have become symbols of the city. Together with the KKL (Lucerne Culture and Congress Center) they bring worldwide fame to the central swiss centre of art and culture. Every year, thousands of tourists travel to the City of Lights, Lucerne to be enchanted by the charm of the city and its surrounding communities. Like the canton, the city of Lucerne offers a variety of residential properties in a manageable area. The house in natural surroundings merges with an urban quality of life.

Many Lucerneers dream of living in their own home. The most favorable time for a real estate purchase is when the interest rates are low. Engel & Völkers Lucerne specializes in finding the best properties and giving you exclusive access to them.

Real estate in Lucerne

From exciting investment opportunities to beautifully located living spaces, Lucerne offers an appealing and wide range of real estate not only because of its scenic diversity, but also because of the diverse population. Residential areas such as Horw, Kriens, Adligenswil, Udligenswil, as well as the Rontal, etc. with inviting family quarters border on breathtaking neighborhoods, just as they can be found in Kastanienbaum, Meggen or the city of Lucerne. Charming old-style apartments, modern new apartments, small chalets with gardens - the real estate on offer in the Lucerne area is as individual as our customers. Living where others go on holiday – it’s a credo that stretches from the Horwer peninsula to Weggis and Vitznau. Enjoy breathtaking sunsets on your private balcony or patio.

Whether only a few square meters or an extensive living space - the real estate portfolio in Lucerne leaves nothing to be desired. Nature lovers, city people, investors, families, celebrities, ordinary people - you will find your dream home in the canton of Lucerne.

Prices and locations of real estate

The price is not as high for a family home in the city of Lucerne and the neighboring sea communities as it is in the more common Swiss hotspots, which include, for example the neighboring canton of Zug. Nevertheless, given the price of property transfer ranging between 1.5 and 2 million francs for a medium-sized property, the number of potential buyers has narrowed noticeably. A growing number of buyers are therefore attracted to the Lucerne agglomeration and now increasingly to the rural areas of the canton as well. These include the communities Schwarzenberg, Malters, Ebikon, Dierikon, Buchrain, Root, Gisikon, Honau, Greppen, as well as those closer to the city, such as Entlebuch with Doppelschwand, Entlebuch, Flühli, Hasle (LU), Romoos, Schüpfheim, Werthenstein, Escholzmatt-Marbach and of course Wolhusen.

Professional real estate marketing

Anyone who is toying with the idea of selling their property successfully should put this issue in the hands of an expert. In addition to comprehensive local market knowledge, our experienced real estate consultants have sound real estate-specific know-how and are happy to advise you on all your questions about real estate. Your success is our goal and your claim our benchmark.

With Engel & Völkers Lucerne, you can expect swift, discreet and professional marketing of your property. We offer our clients an all-around service - from the non-binding market value assessment of your property to the tailor-made marketing concept, through to the successful sale.

Are you still looking for a property in Lucerne?

Maybe our real estate offers are just right for you!

Would you like to be informed in advance about current properties in Lucerne? We will gladly accept your specific search criteria and inform you when something becomes available, even before the property is listed online.

Whether buying or selling a property, we are a real estate expert for you in the market every day. Engel und Völkers is your contact for your individual real estate-specific needs.

We look forward to hearing from you regarding all real estate matters by phone at 041 410 66 91, by e-mail at luzern@engelvoelkers.com or with a visit to our shop in Lucerne! Our real estate consultants Hendrik Capelle, Sara Markesic, Daniel Bamert, Charles Marti and of course office manager Alexander Joost look forward to your contact.

Your Engel & Völkers team