Engel & Völkers looks back on another record-breaking year once again: In the financial year 2015 the Group increased its commission revenues by 36.4 percent to 409.8 million euros. “It is not just the overall figure itself that makes this result so impressive. Never before have we achieved just a strong rise in turnover,” said Christian Völkers, CEO/ Founder of Engel & Völkers AG.
On the one hand, the Group’s Residential division played a key role in the high revenue growth. In the DACH region, residential property shops generated 15.2 percent higher overall turnover than in 2014.
This substantial rise was seen in many other European countries too: the Engel & Völkers Shops in Italy increased their commission revenues by 74 percent. In Spain there was a 27 percent growth in revenues, with Belgium recording a growth of 22 percent. Moreover, Engel & Völkers gained new market share in key real estate markets outside of Europe. Its strong expansion in North America has resulted in a 133 percent rise in revenues there.
The Commercial division also achieved significant growth. The commercial offices increased commission revenues by 30.3 percent over the previous year to approx. 74 million euros.