Engel & Völkers defies crisis in Spain: grew by 30.8% during 2012

The German real estate company Engel & Völkers AG, has been the intermediary agency in property sales totaling 293 million last year, 30.8% more than the previous year.

In a statement, the firm, specialized in marketing and sales of high class properties, has stated that the average transaction price went from € 525,000 in 2011 to € 645,000 last year, and that in 2012 they closed a total of 452 operations, compared to 425 in 2011.

The data from this company show that, whilst real estate sales have come to a halt all over Spain, this break has not been noticed in the upscale segment.

Smadar Kahana | Managing Director | 12/Feb/2013

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