Engel & Völkers Licence Partner Luxembourg > Blog > A successful year 2019 for Engel & Völkers

A successful year 2019 for Engel & Völkers

Another successful year for Engel & Völkers

2019 turned out to be yet another successful year for Engel & Völkers. Indeed, the Group generated more than 819 million euros in total commission revenues, marking a 13 per cent growth in turnover. “This record result for us, with a turnover in excess of 800 million euros, demonstrates just how effectively our expansion strategy has taken hold around the world,” says Sven Odia, CEO of Engel & Völkers AG, looking optimistically into the year 2020. We are very proud of this result to which our 9.700 real estate agents and more than 12.500 people working under the Engel & Völkers brand have contributed worldwide.

Significant growth around the globe

With a generation of 250 million euros in commission revenues, North America looks back on a highly successful year, an incredible achievement that has not gone unnoticed. Stefan Swanepoel, CEO of the Swanepoel Group, one of the most influential consulting firms in the real estate industry, said of us: “Engel & Völkers is the first non-American real estate company to have made it in the USA.”

Also the DACH region has substantially contributed to the 2019 Engel & Völkers success story. The residential DACH division increased its commission revenues by 13 per cent, while Switzerland alone saw an increase in turnover of 26 per cent.

Our globally impactful Engel & Völkers Market Centers

Another 2019 highlight consists in the opening of three new Market Centers: in Lisbon, a second one in Madrid and a Market Center in Athens which allows Engel & Völkers to position themselves in a very important European market.

Overall, our Market Centers generated revenues totalling 75 million euros. The Market Centers in Rome and Paris, in particular, can look back on an extremely positive performance last year. 

A new decade in digitalisation

To remain competitive, Engel & Völkers will continue to invest heavily in new technologies in order for our agents to work more efficiently and independently and for our partners to benefit from the best services.

Exciting times ahead - also for our Luxembourg Market Center

After a successful opening in 2019, our Market Center in Luxembourg has been able to add to the Engel & Völkers success around the world, providing our international clients with an exceptional service, first class properties and in-depth knowledge in a very promising and dynamic real estate market. Our Luxembourg team is generating an average sales price of 1.301.200€ within an average sales period of 3 months, and with a record sales price at 4.420.000€.

With our beautiful Market Center in Luxembourg open we are confidently attacking 2020 with an ambitious Marketing Penetration Strategy. In order to pursue our expansion course we are actively recruiting new talents as freelance real estate agents. Our newly devised training and coaching programs in combination with the proven Engel & Völkers process will ensure their quick integration and accelerate their professional development. In our agency in Luxembourg-Merl, our 6 permanent staff members - from the front desk to sales to marketing - ensure that not only our clients are always being given the best service around, but also that our growing team of agents benefit from our sales tools and accompany our clients every step of the way.

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Licence Partner Luxembourg

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Privileged living in Luxembourg

The Grand-Duchy of Luxembourg is characterized by a particularly high standard of living. Engel & Völkers Luxembourg offers a prime selection of high-quality properties and the feeling of living at the very heart of Europe. Your real estate agent Engel & Völkers Luxembourg is your contact when it comes to marketing or buying real estate in the premium segment: We offer villas, houses and exclusive apartments as well as apartments all over the country.

Its diversity makes Luxembourg unique

Luxembourg is a multilingual and multicultural country where 160 nationalities live in harmony. This extremely rich diversity is also felt in in the different areas of the Grand-Duchy. The neighborhoods of Belair and Limpertsberg represent the upper class of Luxembourg. In Luxembourg city, modern architecture is in symbiosis with traditional real estate. The city center has a precious architecture heritage ranging from Art Déco properties and Art Nouveau villas, while Kirchberg hosts futuristic constructions designed by the greatest architects. The municipalities of Mamer or Niederanven are characterised by their vast green areas and are particularly attractive to families. Being in contact with these different lifestyles and nationalities makes Luxembourg so special as a place of residence and real estate location.

City Center · Belair · Limpertsberg · Kirchberg · Merl · Cents · Hollerich · Gare · Gasperich · Cessange · Beggen · Grund

Investing in Luxembourg real estate

The Luxembourg real estate landscape has enjoyed a high reputation among investors and interested parties in an outstanding residential culture. Luxembourg ranks among one of the most attractive European cities in terms of real estate investment. Indeed, the great political and economic stability as well as the favourable tax system foster more and more actors to secure invest their assets in qualitative real estate. As a business location, which is strongly shaped by the financial sector, the labor market of Luxembourg is particularly praised. But Luxembourg’s attractiveness extends beyond its borders. This is where our real estate broker Engel & Völkers Luxembourg is active: Through our global network of partnerships, you will have access to a large group of potential worldwide buyers. 

Excellent infrastructures contribute to Luxembourg's good quality of life 

Luxembourg has an excellent road system with major international highways. The public transportation network is well developed with several train and bus lines within Luxembourg City and throughout the country. The tram project should be completed by 2020, linking the LuxAirport and Kirchberg to the central railway station. Moreover, Luxembourg is well connected to the major European cities. The TGV high-speed train currently links Luxembourg and Paris in 2 hours and Luxembourg City and Strasbourg in 1h30. Findel Airport is the national airport and has become a major international terminal. Luxair, the national airline, transports over 1 million people per year.

Engel & Völkers Luxembourg is your trustworthy real estate partner

Whether it's buying or selling your property in Luxembourg, Engel & Völkers offers you all-round competent service and unique options for the processing of your transaction. Forty years of experience have enabled the German company to become a leader in the premium property market. The agency moreover enjoys an international reputation today thanks to its presence in more than 30 countries and on 4 continents. Its success is based on exceptional services to meet the demands of the most demanding customers. Whatever your projects, our estate agents are at your disposal to provide customised advice. They can draw on their know-how, expertise and interpersonal skills to meet all your expectations. Whether you want to buy or sell a villa, an apartment, a manor or a plot of land, our estate agents stand ready to provide customised service. We suggest you take a look at our website, which is updated daily, and which lists a wide offer of properties available on the property market. We are delighted to welcome you in our Luxembourg offices to offer you appropriate advice for all your real estate projects.

Non-binding assessment of your property

Would you like to sell your Luxembourg property at a reasonable price or get only an up-to-date idea of the value of your property, villa or condo? Your real estate agent Engel & Völkers Luxembourg offers you a free evaluation of your object - no strings attached. If you are still interested in further information, please click here to find more properties that we are already marketing to our clients. This way, you get a first impression of our presentation strategy, which combines proactive and innovative methods including video, air shots, 3d views and more.