2021 is a record year for Engel & Völkers

In 2021 Engel & Völkers Group records the best turnover performance ever, driven by a strong expansion of new shops and the number of collaborators, a dynamic that will continue also during 2022. The high demand for luxury properties will continuously be a trend.

• Worldwide revenues grew 39% in one year, with revenues at 1.27 billion
  
• Properties were brokered for a total value of about 40 billion compared to 27 the previous year
  
• In this panorama, Italy recorded excellent performances with a growth of 55%, reaching a turnover of 67.9 million against 43.9 million in 2020

The past year will remain in the history of the Engel & Völkers Group which in 2021 recorded its best economic performance ever. An overall result driven in particular by the demand for luxury properties which remained at high levels for the whole of last year. Sales in the range of properties between 5 and 10 million euros, in fact, grew by 97%, while that of properties over 10 million grew by 90%.

It is also interesting to note that all the main areas are growing: Dubai Market Center grew by 119%, the Residential division of Engel & Völkers Americas recorded + 54% compared to 2020, Spain, Portugal and Andorra grew by 77%. Even the more traditional markets proved to be propitious: Germany, Austria and Switzerland increased turnover by 12%, France, the Netherlands and Belgium by 26%.

In Italy, the growth of Engel & Völkers follows the international trend with a + 55% compared to 2020 with a clear expansion of the shops, expected to grow also for 2022, as well as an increase in the number of collaborators who have already exceeded a thousand but are destined to increase over the course of the year. An expansive trend that affects the Engel & Völkers Group as a whole: in fact, in 2021 over 70 new employees were hired in the Hamburg office alone and more than 90 new stores were opened all over the world.

Great year also for Elletre License Partner of Engel & Völkers in the areas of Varese, Venice, Treviso and Lake Maggiore and Lake Orta, which recorded an increase in turnover of + 60% compared to 2020. With the demand for luxury properties in continuous growth, Elletre is preparing for a 2022 of further expansion with the opening by February of the new shop in Gallarate Via Manzoni, in charge of the whole area of Gallarate and Busto Arsizio.

This success, according to Sven Odia, CEO of Engel & Völkers, is due to “the high demand for prestigious properties and to our corporate strategy. The strong growth of the Group derives from the excellent training of agents, the high level of professionalism and the intensification of our business in the first and second home markets around the world, as well as from the continuous investment in our digital platform".

The human factor has also proved to be fundamental: "To strengthen the global presence of the brand and our expertise on the international market, we continue to employ strong personalities and give them the opportunity to write the next chapters of our success story with us".

2022 opens with positive signs with the confirmation of the high demand in the premium segment, destined to remain a trend also in the coming months.

Are you interested in buying a luxury property on Lake Maggiore or Lake Orta? Discover the best proposals from the Engel & Völkers agency in this gallery.