Founded in 1977, Engel & Völkers is one of the world’s most successful real estate brokerages specializing in the sale and rental of residential property, commercial real estate, yachts, office and industrial properties, and other premium segment offerings.
Founded in 1977, Engel & Völkers is one of the world’s most successful real estate brokerages specializing in the sale and rental of residential property, commercial real estate, yachts, office and industrial properties, and other premium segment offerings.
With over 11,500 agents spread over 900 locations in 30 countries worldwide, Engel & Völkers offers tailored services to both private and institutional clients. The company operates in spheres from leasing, to sales, offers consultancy and valuations, and other services as part of its core competencies.
In 2021, Engel & Völkers Group increased its brokerage commission roughly 39 percent to 1.27 billion euros (2020: 937 million euros). This marked last year as the best-performing year in the company’s history.
Engel & Völkers brokered real estate with a value of approximately 40 billion euros (2020: 27 billion euros), showing a remarkable period of growth. The company attributed this growth to record-high demand and the company’s ongoing implementation of winning strategies.
The company gleaned its highest revenue growth in the Group’s Residential division, which generated 544 million euros (616 million US dollars) in brokerage commission. The luxury segment also proved highly profitable for Engel & Völkers. The company recorded 97% more transactions in the segment between 5 and 10 million euros, when compared to 2020. The company seems well-positioned worldwide to continue its course of expansion in 2022.
In August of 2021, Engel & Völkers was acquired by the global equity firm Permira.
Hamburg, Germany
+49(0) 40 36 13 10
Christian Völkers and Sven Odia Co-CEOs
Engel Völkers in the U.S.
+1 212-234-3100
Anthony Hitt, CEO Americas