Sotheby’s International Realty Affiliates LLC today reported that in 2018 its affiliated brokers and sales professionals achieved more than $112 billion USD in global sales volume, the highest annual sales volume performance in the history of the brand. Additionally, 27 affiliated companies surpassed $1 billion USD in sales volume in 2018.

Highest annual sales volume performance in company history
“Experts predicted that 2018 would be a slow year for the global real estate market,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Despite the forecast, our talented affiliated companies and their sales associates continued to perform at the top of their game to drive a year-over-year sales volume increase that is truly remarkable. We are going to keep the momentum going in 2019 and we will continue to empower the Sotheby’s International Realty network by offering innovative products, tools, and research to provide best-in-class service.”

The Sotheby’s International Realty brand also reported growth across its global network. At year-end, the network totaled more than 990 offices in 72 countries and territories and more than 22,500 affiliated sales associates worldwide.

Greece Sotheby's Int'l Realty team in Greece

Greece Sotheby’s Int’l Realty team in Greece

Continuous expansion in key markets
The Sotheby’s International Realty brand continued to expand into key markets. In Europe, the brand grew its presence in Menorca and Madrid, Spain; Sylt and Bern, Germany; Kitzbühel, Austria; Zurich, Switzerland; and Slovakia. The brand also sold the rights to the island country of Cyprus. In Asia, new offices were opened in Colombo, Sri Lanka; and Bangkok, Thailand, and agreements were signed to expand into Jakarta and Bali in Indonesia, and Ho Chi Minh City and Hanoi in Vietnam and the Maldives. The brand also saw growth in Mexico City, Mexico; the Metropolitan area of Puebla; Valle de Bravo and Malinalco in Estado de Mexico; and Cuernavaca and Tepoztlán in Morelos.


Celebrating a record sales year at Greece Sotheby’s International Realty Headquarters in Athens

Sotheby’s is leading the luxury property market in Greece

“These exceptional global results are a testament to a business culture that places the interests of our clients as our most valuable asset. With this in mind, we are pleased to announce that Greece Sotheby’s International Realty had an extraordinary sales season in 2018, increasing its sales volume by 3 times in relation to 2017, thus consolidating its leading position in the Greek Luxury Real Estate Market. Within only 24 months of operations we signed the highest recorded sales by an agency in Paxos, Naxos and Ios while during the last 6 months we have completed the highest volume of residential transactions on the island of Mykonos. Rhodes and Corfu have also seen a significant growth in sales as a result of our global marketing strategy said Savvas Savvaidis, President and CEO of Greece Sotheby’s International Realty.
“By leveraging the power of our brand, by building a strong core team of new talents together with seasoned professionals and by continuing to handpick the finest properties in the country, we are heading to an exciting and ambitious 2019 sales season. Four Communications Ltd, our new public relations advisor curating our international presence in prestigious global media and Travelworks led by Kostas Panagakis, our marketing advisor in Greece will be further strengthening our value proposition to the world’s markets, added Savvas Savvaidis.