Engel & Völkers reports turnover growth in the first half-year of 2018

The total commission revenues of the Engel & Völkers Group have risen to 328.2 million euros in the first half-year of 2018. This marks a 9.2 percent increase over the same period in the previous year (first half-year 2017: 300.6 million euros). “This success is a result of our strong expansion strategy, particularly in North America and our focus markets in Europe,” said Christian Völkers, Founder and CEO of Engel & Völkers AG.

Hondarribia-Irun - Christian Völkers, Founder and CEO of Engel & Völkers AG

International growth remains strong

Thanks to the large-scale presence of the brand, Engel & Völkers is constantly gaining new market share, especially in the Mediterranean region and the USA. In North America, the company has profited from the opening of additional shops in prime locations such as Hawaii. North America is the highest-revenue market in the Residential division with a 25 percent increase in turnover over the same period in the previous year. Residential property shops in Italy achieved a 9.7 percent growth in turnover over the previous year. In Spain, Engel & Völkers also considerably extended its market position. The Engel & Völkers residential property shops reported a 2.4 percent increase in revenues. The combined revenues generated by the Market Centers in Barcelona, Madrid and Valencia rose by 22 percent. The DACH region remains one of the highest-revenue markets for the Residential division. Here Engel & Völkers generated a 5 percent higher turnover compared to the same period last year. Regarding commercial real estate, the demand from investors for multi-purpose commercial and apartment buildings remains consistently strong. In the first six months of 2018, revenues generated by the Engel & Völkers Commercial division rose by 4.2 percent.

For the second half of the year, Engel & Völkers is anticipating further growth across all its business divisions. “Based on the positive development in the markets, and the ongoing expansion of the brand, we are confident that we will be able to report another increase in turnover at the end of the year,” Christian Völkers commented.

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MS Exclusive Homes S.L. 

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20002 San Sebastian
VAT: ESB75114272
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In accordance with the Organic Law 15/1999 on Data Protection, MS Exclusive Homes SL has registered its files with the Spanish Agency for the Protection of Data, proving that we have undertaken all the technical and organizational measures necessary for the company to comply with the Data Protection Law.

Contact Forms

Contact details obtained through the Contact Forms available will be used to attend your request and to subscribe you to our Newsletter, unless you state that you do not want to receive any.

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By using our website, you expressly consent to the storage and use of your data described in this declaration. Your data will be used for the purposes described in detail below. 

  
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IP addresses are required for problem diagnoses, website administration and demographic information. When you visit our site, we recognize only your domain name, but not your e-mail address. We only see your e-mail address if you directly give it to us by filling out a form or sending an e-mail. 
  
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If you provide us with your e-mail address, we will communicate with you via e-mail. We will not pass on your e-mail address to third parties outside of Engel & Völkers. If you no longer wish to receive e-mails from us, you can cancel this at any time. 

Information and questions 

If you have any questions about this data protection declaration, for instance regarding inspection or updating of your personal data, please write to the following address: 
Engel & Völkers Guipuzcoa 
MS Exclusive Homes S.L. 

Avenida Zurriola 6

20002 San Sebastian
VAT: ESB75114272
or send an e-mail to: sansebastian@engelvoelkers.com

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