Engel & völkers has opened its first office in new york

The Engel & Völkers Group's new office is located in the heart of Manhattan on 430 Park Avenue and follows a notable surge in interest for US real estate from the agency's clients.

“Over recent years we have seen an enormous rise in the level of demand for US properties from within our global network," writes Christian Völkers, CEO and Founder of Engel & Völkers AG, on the company blog. "This has been a central driving force behind our resolute course of expansion in the USA. Now the opening of our first office in New York City means we are tapping into a strategically key market."

Indeed, demand is so strong that Stuart Siegel, Head of Engel & Völkers NYC, and Laura DesMoine, who heads up the office's Marketing, will focus "on the expansion of the team of sales advisors above all else".

Engel & Völkers has been operational in North America since 2007 with offices based in California, Florida, Arizona, Nevada, Georgia, Vermont, Massachusetts and Connecticut. Most recently, residential property shops have been opened in Las Vegas, Atlanta und San Diego. Now, though, New York has joined the list of markets recovering from the financial crash.

"The real estate market in the USA and in the city of New York in particular has recovered considerably from the financial crisis and has been witnessing a sustained upturn ever since," adds the agency. "In 2013, the Engel & Völkers Group reported significant growth on the North American continent, with a 51 percent rise in total commission revenues over the previous year."

“With this trend in mind, there is no better time for Engel & Völkers’ operative market entry in New York City,” Mr. Völkers concluded.