I recently joined Sotheby’s International Realty and I was delving into our global reach and expansions into international markets. There is a lot going on around the globe and I’m excited to be a part of this amazing network and here's why.....
The Sotheby’s International Realty operates in 83 countries and territories, spanning diverse regions such as Europe, the Middle East, India, Africa, the Caribbean, Latin America, Asia Pacific, and beyond. It has over 1,100 offices worldwide and a network of more than 26,400 sales associates. That’s pretty impressive!
In a recent interview, our President and Chief Executive Officer, Philip A. White, Jr. shared some information about emerging international markets:
· EMEIA Region (Europe, the Middle East, India, and Africa): France and Italy remain attractive for buyers, with notable sales in Paris and Italy of around €20+ million in the first quarter of 2024.
· Caribbean and Latin America: The Bahamas and Turks and Caicos continue to be hotspots, while Mexico sees robust growth. We will also represent the new Four Seasons residences in St. Kitts and Nevis, which is an exciting development.
· Asia Pacific: Hong Kong’s resurgence, driven by stamp duty changes, attracts overseas purchasers. Japan remains appealing beyond Tokyo, and Australia benefits from migration trends and Olympic-related development.
· Poland Sotheby’s International Realty launched in April 2024.
· There appear to be growth prospects in the U.K. and Spain.
· Expansion in Australia and New Zealand continue.
The world of luxury properties continues to evolve, and Sotheby’s International Realty is at the forefront of this dynamic journey. If you have friends or family overseas, I can connect you with experienced agents across the globe. These professionals understand local nuances, legalities, and market dynamics, ensuring a smooth and informed home-buying process. Reach out to me, I’m here to help!