This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
X

Engel & Völkers reports another record turnover for 2018

The Engel & Völkers Group increased its overall commission revenues by 9 percent in 2018 to 728 million euros (2017: 667.8 million euros). This represents yet another growth in turnover for the globally operational real estate company in the past financial year. “This record turnover of more than 700 million euros reflects the success of our global expansion strategy,” said Christian Völkers, Founder and CEO of Engel & Völkers AG.

Vilamoura / Algarve - BB_Christian Völkers (c) Lucas Wahl (1).jpg

Residential division: strongest growth in Italy and North America

At 22 percent, Italy generated the highest growth in revenues in the Residential division. One of the reasons for this was the opening of numerous new locations. Engel & Völkers also continued its expansion course in North America, increasing turnover by more than 20 percent. In the DACH region, the company grew its commission revenues by approx. 10 percent over the previous year. Spain and Portugal recorded growth of approx. 4 percent.

Sustained high demand for commercial real estate

Commission revenues of 122 million euros mark an increase of more than 3 percent compared to the previous year. This result is due to the high level of demand for apartment buildings and multi-purpose buildings, which combine apartments and offices. They account for approx. three quarters of the overall turnover.

Outlook: further investments planned

Engel & Völkers is continuing its expansion in desirable real estate markets in 2019. The company is now operational in over 800 locations spanning four continents and has more than 11,000 people operating under the brand. “This year we intend to further strengthen the franchise business and our Market Center operations. In addition to these core business fields, we will continue to invest in digitalisation and new segments in the future,” said Christian Völkers.

Contact us now

Engel & Völkers Vilamoura - Algarve - Portugal
Email
Back
Contact
Please enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.

You can find out in details which data is stored and who can access it by viewing our privacy policy.
I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data to the provider to answer my contact request and request for information.
I can revoke my consent at any time in the future.

Send now

We know the true value of your property

Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.
Send now
Back
Contact
Please enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.
Please enter the property information.

You can find out in details which data is stored and who can access it by viewing our privacy policy.
I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data to the provider to answer my contact request and request for information.
I can revoke my consent at any time in the future.

Send now

Follow us on social media



Array
(
[EUNDV] => Array
(
[67d842e2b887a402186a2820b1713d693dd854a5_csrf_offer-form] => MTM5MjE5NzU3NkJ4d29xancwTDVhZWFIRzEycXAxcW9SdElHdVBqMTdV
[67d842e2b887a402186a2820b1713d693dd854a5_csrf_contact-form] => MTM5MjE5NzU3NnlHcUR0Y2VlTXVPUndLMHZkMW9zMnRmRlgxaUcwaFVG
)
)