Worldwide expansion – a winning strategy

Around the globe, real estate brokers are valued for their expertise, experience and extensive knowledge of the market. In economically challenging times, properties remain a solid investment and the demand continues to be strong. Our company is continuing its dynamic, international expansion to meet this demand.

Whether as a consequence of the Covid-19 pandemic or the war in Ukraine, critical factors such as the energy crisis, raw material shortages, rising inflation and mortgage rate hikes are affecting the economy and people’s willingness to spend and invest money. Last year, a certain cautiousness was also noticeable in the real estate sector. Nevertheless, Engel & Völkers was happy to be able to report a brokerage revenue of €1.2 billion for the financial year 2022.

Cautious behavior notwithstanding, real estate remains an anchor of stability, an asset regarded as something of a safe haven. Particularly those countries with a large international buyer base such as Spain, Portugal or Greece are defying the crises and even in these trying times, are exploiting their potential to the full. Investing in real estate in fast-growth regions such as these is always worthwhile for our clients. From a business standpoint, expanding our network in those same locations makes a lot of sense too. Only a truly global and continuously expanding network of real estates experts will ensure that our customers always receive the best service possible.

We are currently active in over 1,000 locations. In each of these, our clients benefit from our knowledge of the local market, an exclusive client database and our international network, with which we work together closely. In addition to our long-standing and successful franchise system of license partners, we also benefit from our market center concept. Market centers cover a larger geographic area and help us grow more quickly in important real estate locations.

In Greece, for instance, demand from international buyers is continuing unabated, making our expansion there indispensable.

Our market center in Athens, which opened in 2109, has been very successful ever since. We opened a second market center in the Thessaloniki metropolitan region in late 2022. Since then, we have been demonstrat ing our expertise in northern Greece and offering clients a larger area in which to take advantage of our services.

Greece is one of Europe’s most popular vacation destinations and is high on the list, particularly for international buyers. Demand for first and second residences – both homes and rental properties – is just as strong as ever and shows no signs of letting up. This is now also reflected in the prices, but Greece is still relatively inexpensive compared to its European neighbors.

Regardless of its location, however, each new shop adds to our success, to the recognizability of our brand and to the satisfaction of our customers. As of the beginning of this year, Engel & Völkers is represented in one of Latin America’s most popular and most progressive countries: Costa Rica.

Pura vida! This positive outlook on life is currently attracting more and more internationals to the fascinatingly diverse country. We now have residential property shops in Playa Hermosa Papagayo and Tamarindo. In addition to prospective buyers from Canada and the U.S., people from France, Germany, U.K., Australia and Israel are also looking to profit from Costa Rica’s untouched nature, mild climate and lively cities. We offer real estate services along the Pacific Coast of Costa Rica, all the way from Santa Cruz to Santa Teresa. In 2023, we intend to continue our expansion strategy by training and further training our real estate agents. After all, as potential buyers have expressed worldwide, what they wish for most is professional, expert advice.

DID YOU KNOW? THE NICOYA PENINSULA IN COSTA RICA IS ONE OF FIVE BLUE ZONES – REGIONS WHERE PEOPLE LIVE LONGER ON AVERAGE THAN ELSEWHERE IN THE WORLD.

Source: https://www.bluezones.com/ exploration#section-1