The Engel & Völkers Group, one of the world’s leading service companies specialised in the sale and leasehold of premium real estate, is experiencing strong growth, in particular at international level and in the commercial division. Group commission revenues rose by 18.5 percent in the first nine months of the current year to 192.5 million euros (162.5 million euros in the same period last year). The majority of the growth has been generated by the overseas residential property business, where commission revenues increased by 32.2 percent to 74.3 million euros (56.2 million euros). Equally significant was the rise in commission revenues for the brokerage of commercial real estate, which went up by 27.3 percent to 42.6 million euros (33.5 million euros). The residential property division in Germany has long been on course for record growth, and this trend continued in the first nine months of 2013 with an increase of 3.9 percent to 75.6 million euros (72.8 million euros).
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