Engel & Völkers AG co-CEO Sven Odia.

The Engel & Völkers Group increased its commission revenues in 2014 by 10.1 per cent to €300.3 million, setting yet another record for the highest turnover in its history, stretching back more than 35 years.

“We are extremely pleased to report our most successful year to date once again. This significant rise in revenues shows we are on the right track with our expansion strategy,” said Sven Odia, co-CEO of Engel & Völkers AG. He attributes the strong growth in core markets above all to the good positioning of the company in desirable international cities and second home markets.

Engel & Völkers was gaining market share at a rapid rate, especially in the Mediterranean region and in the US. This is due to the strong presence of the brand in these markets. In North America, the company recorded a 46 per cent turnover growth in 2014, while turnover rose by 102 per cent on the Spanish mainland.

This rate of growth also entails a high need for qualified employees, which is why Engel & Völkers is currently in the process of expanding its personnel on an immense scale.

“We are looking to hire 2,000 new sales advisers worldwide by the end of the year. The focus here will be on Spain and North America in particular,” said Mr Odia.

Engel & Völkers is also anticipating additional, strong growth in all business divisions throughout the course of 2015.

“The good development in the markets will continue and our worldwide network will grow further. There is no end to this upward trend in sight,” Mr Odia added.