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Engel & Völkers Licence Partner Milan > Blog > New record year: Engel & Völkers 2016 turnover exceeds half a billion euros!

New record year: Engel & Völkers 2016 turnover exceeds half a billion euros!

 Milano (MI)
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Group E&V in 2016 exceeds half a billion euro turnover

In 2016 the Engel & Völkers Group increased its revenues generated from commissions by 23.6%, surpassing the half a billion euro turnover (506.3 million euro versus 409.8 milni euro in 2015).Christian Völkers, Founder and CEO of Engel & Völkers, commented: "We were able to exceed half a billion euro, a record milestone that reflects the success of our expansion strategy on a global level".

Engel & Völkers Italy recorded the highest growth rate

With growth of 93.2%, Italy has achieved the highest growth rate in turnover generated in the residential division, followed by Spain and Portugal, which experienced a 37.2% increase. Considering the total residential and commercial divisions, 2016 sales in Italy grew by 89% to 18.7 million euro (compared to 9.9 million last year).The number of agents and 'increased proportionally with a + 22% annual hiring.

Outlook 2017: Engel & Völkers looking for new real estate agents around the world

Also for 2017 Engel & Voelkers provides for greater expansion, with the opening of stores and offices in 50 new locations. Increases therefore, for the company, the need 'to accommodate qualified professionals. "This year we plan direclutare about 1,200 real estate agents," said Christian Völkers.

Below, the Italian online press review:

Il sole 24 Ore: link

Il Corriere della sera: Link 

Ansa: Link

Yahoo Finance: Link

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