Sotheby's International Realty

Sotheby’s International Realty Brand Opens First Office In Oman

Sotheby’s International Realty today announced its expanding presence in the Middle East with the opening of Oman Sotheby’s International Realty. The addition of Oman Sotheby’s International Realty signifies the brand’s continued growth and its third affiliated company in the region.

Oman Sotheby’s International Realty is owned by Alfardan Group and is led by Faisal Al Shanfari, country manager, who brings 20 years of experience to the company.

“Oman is widely considered to be a welcoming place to live and work, with a large expat community,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “The Omani government recently implemented the 99-year lease and free hold zones, further providing expats with the confidence to invest and buy property in Oman. We also know from our 2021 Luxury Outlook report that countries, with scenic landscapes and waterfront views are generating tremendous interest, and Oman offers both. We look forward to working with Faisal and the entire Oman Sotheby’s International Realty team to grow their business in the country.”

“The market in Oman is improving and moving faster than ever,” said Faisal Al Shanfari “Our mission is to deliver the highest quality of service to our clients. Aligning our company with Sotheby’s International Realty not only builds on that commitment, but it also provides our agents with a global resource for marketing extraordinary properties in prime locations and key areas in Oman, and the brand’s vast network enables us to serve our Omani clients seeking luxury and resort properties around the world.”

Oman Sotheby’s International Realty is headquartered in Muscat, Oman and will serve the surrounding areas.

The Sotheby’s International Realty® network currently has nearly than 24,000 affiliated independent sales associates located in approximately 1,000 offices in 75 countries and territories worldwide. Oman Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Damianos Sotheby's International Realty

Damianos Sotheby’s International Realty Grows Sales Team In Key Markets

NASSAU, The Bahamas (March 17, 2021) — George Damianos, Chief Executive Officer for Damianos Sotheby’s International Realty, and Lana Rademaker, Chief Brokerage Officer, are pleased to announce the addition of three new estate agents: Colleen Carey, who will be based in the Harbour Island office in Eleuthera, Scott Ferguson, who will be based in Treasure Cay, Abaco, and Candis Lakin who will join the sales team in Nassau.

“We’ve seen an increase in activity in all markets since travel restrictions began to lift in January,” Rademaker said. “Eleuthera, including Harbour Island and Spanish Wells, has been a particularly active market over the past six months with a strong demand for turnkey beachfront homes and oceanfront estates. We are also very encouraged by the surge of interest in Abaco properties which will contribute to the ongoing rebuilding efforts post-Hurricane Dorian.

Formerly a co-owner of Studio Ohana in Nassau, Carey has returned to The Bahamas after spending a period of time in the U.S.

“The Harbour Island market is a unique one, even among other luxury markets,” Rademaker said. “It’s an intimate, sophisticated community where discretion and curating long-term relationships are highly valued. Colleen’s natural ability to make deep connections with those around her and her knack for instantly making them feel comfortable make her an excellent fit for this tight-knit community. ”

Ferguson, also a native Bahamian, has been a longstanding successful member of the Abaco business community for decades taking part in a variety of industries including retail, passenger marine transport and construction/development.

“Scott has an extensive personal and professional network and is well-respected as a businessman throughout The Bahamas,” Rademaker said. “He sincerely enjoys being involved in his community and is extremely focused on helping businesses rebuild and thrive throughout Abaco.”

Lakin has spent the past 10  years cultivating her knowledge of Nassau’s highest-end luxury markets while managing marketing strategy and client relations as an Executive Assistant for company owner and Chief Executive Officer George Damianos and top producer, Nick Damianos.

“Candis’ daily interaction with some of our company’s most high-net-worth clients over the years has offered her a unique perspective on our business and the relationships we’ve spent decades nurturing,” Rademaker said. “Her insight into this unique segment of our client base and her extensive understanding of their needs means she’ll hit the ground running as a sales agent. We’re extremely supportive of this new career path she’s chosen.”

Damianos Sotheby’s International Realty has been an industry leader since 1945 specializing in the listing, marketing and sale of luxury and waterfront properties. With 11 offices throughout The Bahamas, Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals, consistently ranking among the top producers in The Bahamas real estate industry.

About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 10 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or info @SIRbahamas.com.

About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,700 affiliated independent sales associates located in over 1,000 offices in 72 countries and territories worldwide.  Each office is independently owned and operated.

###

Damianos Sotheby's International Realty

DAMIANOS SOTHEBY’S INTERNATIONAL REALTY AND BAHA MAR ANNOUNCE EXCLUSIVE PARTNERSHIP TO REPRESENT BAHA MAR RESIDENCES

NASSAU, The Bahamas (March 8, 2021) Damianos Sotheby’s International Realty, the country’s premier real estate firm, announces a strategic partnership with Baha Mar, the leading integrated resort destination in The Bahamas, to exclusively represent Baha Mar Residences, the only Caribbean residential ownership project featuring impeccable turnkey residences by two acclaimed hotel brands: Rosewood Hotels & Resorts and SLS Baha Mar. A collection of five-star, sophisticated one to six-bedroom oceanfront private homes and waterside villas, Baha Mar Residences are a spectacular, ultra-luxury addition to Damianos Sotheby’s International Realty’s extensive portfolio of exquisite properties in The Bahamas.

“We are honored to represent these extraordinary properties and iconic hotel brands. Baha Mar has created an exceptional destination and we take great pride in showcasing the exclusive Rosewood Baha Mar and SLS Baha Mar Residences across international markets,” said Nick Damianos with Damianos Sotheby’s International Realty.

Damianos Sotheby’s International Realty’s strategic partnerships, technology platforms and expansive network uniquely position the firm to connect with high-net-worth individuals, marketing Baha Mar Residences, along with the destination’s unparalleled ownership experiences, to clients around the world.

“Baha Mar offers the ideal lifestyle experience for contemporary homeowners looking for the privacy of a luxury home paired with the amenities of a world class resort destination,” said Graeme Davis, President, Baha Mar. “As the premier real estate firm in The Bahamas, Damianos Sotheby’s International Realty deeply values our unparalleled approach to resort lifestyle and we look forward to working together to reach Sotheby’s international network of qualified clients seeking the best of luxury living in The Caribbean.”

As the unprecedented circumstances created by COVID-19 have influenced the search criteria for many luxury real estate buyers, Baha Mar provides residential owners with access to a wide range of on-property amenities, including Royal Blue, the Jack Nicklaus championship golf course; tennis at Baha Mar Racquet Club and spa services at ESPA, in addition to signature culinary experiences around the property.

“These amenities paired with the resort’s rental program make ownership at Baha Mar even more attractive for the clients looking to work remotely, stay and play at their new home,” added Damianos.

As part of Damianos Sotheby’s International Realty partnership with Baha Mar, the real estate company will open a dedicated sales office located at the resort destination. The team is led by Michelle Collie, Director of Sales & Operations, who formerly served as Director of Resort Experience at Baha Mar, and sales associates Bianca Aranha and Jacquelyn Louis. This dedicated team will exclusively manage the real estate services and sales of Baha Mar Residences.

Click HERE to discover Baha Mar Residences

###

About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 1,000 offices in 72 countries and territories worldwide.  Each office is independently owned and operated.

About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 10 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or Info@SIRbahamas.com.

About Baha Mar
Baha Mar is a master planned $4.2 billion integrated resort development operated by Hong Kong-based conglomerate Chow Tai Fook Enterprises Limited (CTFE). The white sand beach destination includes three global brand operators – Grand Hyatt, SLS, and Rosewood – with over 2,300 rooms and 40 restaurants and lounges, the largest casino in the Caribbean, a state-of-the-art convention center, an 18-hole Jack Nicklaus Royal Blue Golf Course, the Caribbean’s first and only flagship ESPA spa, and over 30 luxury retail outlets. Baha Mar is a breathtaking location with dynamic programming, activities and guest offerings in one of the most beautiful places in the world – The Bahamas. For more information and reservations, visit www.bahamar.com.

Sotheby's International Realty

Sotheby’s International Realty Sees 32% Sales Growth, Achieving $150 Billion In Global Sales Volume In 2020

Sotheby’s International Realty is pleased to announce that its affiliated brokers and independent sales professionals achieved a record US$150 billion in 2020 global sales volume, a nearly 32% increase in sales growth year over year, as the definition of home changed for consumers around the world. Due to a longstanding commitment to innovation, Sotheby’s International Realty® agents were able to seamlessly help clients navigate the changing market dynamics brought on by the global pandemic with existing technology offerings which propelled business momentum.

Agents affiliated with Sotheby’s International Realty quickly pivoted to address the impact of the global pandemic,” said Philip White, president and CEO of Sotheby’s International Realty. “Thanks to innovations we pioneered nearly a decade ago, our affiliated companies and agents made the impossible possible. Their adaptability to serve clients safely further extended our position as a leader in luxury real estate.”

Long-Standing Commitment to Virtual Technology Paved Way for Success

Sotheby’s International Realty continued to lead the industry and was well-positioned to meet the needs of consumers as the buying and selling process became increasingly virtual. Sotheby’s International Realty agents accelerated the use of the brand’s existing video, virtual reality, and live-streaming technology to produce new forms of content that engaged buyers and set a new standard for marketing luxury properties. Currently, buyers can safely tour more than 6,000 properties via virtual reality or video on sothebysrealty.com. Property videos also proved engaging on social media where the brand’s YouTube channel delivered 43 million views, or the equivalent of more than one million hours watched.

As a leader in the luxury real estate industry, Sotheby’s International Realty is able to anticipate trends,” said Chief Marketing Officer, Bradley Nelson. “Our priority remains to present listings in the best possible manner and to provide a superb end-user experience however buyers prefer to search for their new home. Virtual technology has been at the forefront of our marketing strategy for several years and comes as naturally to us as our commitment to high quality service.”

The brand also unveiled a new website, sothebysrealty.com, available in 14 languages and nearly 60 currency conversions, to continue serving its growing international clientele and fuel referrals worldwide. The website achieved a notable amount of traffic for the brand with 37 million visits in 2020. Property videos on the site produced by Sotheby’s International Realty agents were especially popular and played nearly 13 million times in 2020, totaling more than 90,000 hours watched.

A Year of Strategic Growth and Record Achievements

Despite travel restrictions, Sotheby’s International Realty remained committed to expanding its global footprint and achieving strategic growth. In 2020, the brand opened more than 50 new offices across the world, bringing the brand’s total presence to nearly 1,000 offices in 75 countries and territories with approximately 24,000 independent sales associates worldwide.

The brand’s existing affiliated companies around the world continued to grow in 2020. Sotheby’s International Realty increased its total domestic presence to 45 states around the country. Sotheby’s International Realty facilitated affiliate expansions through  12 domestic M&A transactions, including California, Colorado, Florida, Massachusetts, and Washington.

The brand also continued to expand internationally in key markets and opened offices in seven new territories. In Europe, the brand expanded to Ukraine, Romania, Montenegro, and in Germany. In the Asia-Pacific region, the brand opened its first office in South Korea and expanded in the Caribbean and Latin American region with two new offices in Paraguay and Antigua & Barbuda.

Our international footprint is one of our greatest competitive advantages,” said Tammy Fahmi, vice president, global operations and international servicing. “Our brand’s locations are in the most desirable places around the globe, so our clients know they can rely on our local market expertise wherever they are looking to buy or sell.”

As affluent individuals looked to acquire secondary homes in markets around the world, Sotheby’s International Realty agents acted as true global real estate advisors and referral volume surged by 42% to US$2.9 billion in closed sales volume.

Our 2020 results prove what is possible when you focus on quality above all else. We remain proud to be the real estate brand of choice for so many luxury real estate experts and affluent clients. We will continue to work tirelessly to prove their trust has been well placed,” concluded White.

Damianos Realty

Sotheby’s International Realty Expands Its Presence In Ohio

Sotheby’s International Realty announced that it is expanding its presence in Ohio with the opening of Elite Sotheby’s International Realty. The addition marks the brand’s continued growth in the state and its third affiliated company in Ohio.

Elite Sotheby’s International Realty is owned by Ken Schmidt and Mike Schmidt and will be led by Managing Broker Joanne Zettl who together bring more than a century of combined real estate experience to the company. Elite Sotheby’s International Realty is located in the city of Pepper Pike and will serve the residential and luxury real estate markets in the Greater Cleveland area.

“The North Coast of Lake Erie has a long history of luxury neighborhoods and grand properties,” said Philip White, president and CEO of Sotheby’s International Realty. “Luxury real estate represents the top 10% of the market and the area is seeing increased interest from local buyers migrating back to Ohio from other Midwest cities and east metropolitan markets. Our affiliation with Elite Sotheby’s International Realty marks the brand’s expanding presence in the region and we are pleased to welcome them to our network.”

“The Greater Cleveland area is home to a number of attractions including the second-largest performing arts center in the country and the Lake Erie shoreline,” said Mike Schmidt. “We are seeing increased interest in our market from buyers looking to capitalize on space while still having access to arts and culture. Our affiliation with Sotheby’s International Realty enables us to reach a broader international audience and further enhances our existing marketing efforts thanks to the brand’s innovative virtual reality tools and marketing platforms.”

Elite Sotheby’s International Realty has one office in the area with plans for continued growth. The company is actively involved in the local community, previously supporting the Cleveland Clinic Children’s hospital and various community efforts.

The Sotheby’s International Realty® network currently has more than 23,000 affiliated independent sales associates located in approximately 1,000 offices in 72 countries and territories worldwide. Elite Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Damianos Sotheby's International Realty

Damianos Sotheby’s International Realty Announces Top Producers and Listing Agents For 2020

NASSAU, The Bahamas (Jan. 20, 2021) — George Damianos, Chief Executive Officer for Damianos Sotheby’s International Realty, and Lana Rademaker, Chief Brokerage Officer, are pleased to announce the company’s top producers and listing agents for 2020.

Nick Damianos was the company’s overall Top Producer and Listing Agent, followed by Mark Hussey, and Christopher Ansell of The Ansell Group. Hope Town-based Jane Patterson was Top Producer in Abaco while Spanish Wells-based estate agent Darrin Sands earned the title of Top Producer in the Eleuthera market.

“Despite the challenges and obstacles faced in 2020 our team pivoted and persevered, capitalizing on the enduring relationships we’ve cultivated with our clients over many years, and harnessing the power of the Sotheby’s International Realty network,” said Rademaker. “I am extremely proud of, and impressed by, what these agents managed to accomplish during such trying times.”

Top Producer Nick Damianos emphasizes Sotheby’s International Realty’s global marketing reach as a key factor in disseminating the competitive advantages of Bahamas real estate to prospects around the world, particularly the firm’s deep well of virtual tools and solutions which were crucial to success in 2020.

“Sotheby’s International Realty’s virtual toolbox has been in place for years, so when travel restrictions were put in place, we were able to hit the ground running and continue showcasing the properties, lifestyle, and residency advantages of The Bahamas to high-net-worth individuals without missing a beat,” he said. “Additionally, we were able to lean on the expansive Sotheby’s International Realty network which allows us to tap into markets that would otherwise be unaware of what The Bahamas has to offer and the spectacular properties we represent.”

“Based on our ability to successfully navigate 2020, we have a positive outlook for 2021,” Rademaker added. “Between all that we learned throughout 2020 from a business perspective, and the number of inquiries we’ve been receiving since the end of last year, we’re confident we’ll move forward into this new year from a position of strength.” 

Damianos Sotheby’s International Realty has been an industry leader since 1945 specializing in the listing, marketing, and sale of luxury and waterfront properties. With 10 offices throughout The Bahamas, Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals, consistently ranking among the top producers in The Bahamas real estate industry.

About Damianos Sotheby’s International Realty

Damianos Sotheby’s International Realty has 10 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or info@SIRbahamas.com.

About Sotheby’s International Realty

The Sotheby’s International Realty network currently has approximately 22,700 affiliated independent sales associates located in over 1,000 offices in 72 countries and territories worldwide.  Each office is independently owned and operated.

Damianos Sotheby's International Realty

Damianos Sotheby’s International Realty Significant Sales 2020

From the sale of an enchanting 20-acre Private Island in the Abacos, to that of an architectural masterpiece situated on the golf course on Paradise Island, highlighted here are 14 Significant Sales from 2020 represented by Damianos Sotheby’s International Realty.

Exuma Cays, Bahamas

Last Asking $15,000,000 | Represented by George Damianos

Abaco, Bahamas

Last Asking $8,700,000 | Represented by Christopher Albury

Old Fort Bay, Bahamas

Last Asking $8,200,000 | Represented by George Damianos

Lyford Cay, Bahamas

Last Asking $6,950,000 | Represented by Nick Damianos

Lyford Cay, Bahamas

Last Asking $5,950,000 | Represented by Nick Damianos

Exuma Cays, Bahamas

Last Asking $5,000,000 | Represented by Mark Hussey

Paradise Island, Bahamas

Last Asking $4,400,000 | Represented by Monty Roberts

Old Fort Bay, Bahamas

Last Asking $4,200,000 | Represented by Monty Roberts

Hope Town, Abaco, Bahamas

Last Asking $3,600,000 | Represented by Jane Patterson

Lyford Cay, Bahamas

Last Asking $3,500,000 | Represented by Katina Schopper

Lyford Cay, Bahamas

Last Asking $3,500,000 | Represented by George Damianos

Lyford Cay, Bahamas

Last Asking $3,350,000 | Represented by The Ansell Group

Old Fort Bay, Bahamas

Last Asking $3,250,000 | Represented by Mark Hussey & Bianca Aranha

Old Fort Bay, Bahamas

Last Asking $3,195,000 | Represented by The Ansell Group

Discover luxury homes for sale and rent in The Bahamas on SIRbahamas.com

Sotheby's International Realty

Sotheby’s International Realty® Brand Opens First Office In South Korea

NEW YORK, N.Y. (Dec. 30, 2020)Sotheby’s International Realty today announced that WP Realty in the country of South Korea is the newest member of its global network and will now operate as Korea Sotheby’s International Realty. The addition marks the brand’s first affiliated office in the country and its continued strategic growth in Eastern Asia, bringing its presence in the region to 18 offices.

Korea Sotheby’s International Realty is led by Chair, Dr. Lei Wang, and Co-Chair, Tiffany Park, who bring 35 years of real estate experience to the company. Korea Sotheby’s International Realty is headquartered in the capital city of Seoul and will serve the residential markets of Seoul, Gyeonggi-do, and the surrounding areas.

“South Korea’s economic strength and geographical advantage as a peninsular country greatly appeal to global investors and luxury buyers,” said Philip White, president and CEO, Sotheby’s International Realty. “The market is seeing a significant rise in luxury real estate and high-rise developments, making it a prime location for expansion. Dr. Wang and his team have a strong understanding of the local market and we are proud to have Korea Sotheby’s International Realty as our affiliate in South Korea.”

“From a global perspective, we are seeing interest from investors in China, Japan, and the United States, in addition to an increased demand from local luxury buyers,” said Dr. Wang. “Aligning our company with Sotheby’s International Realty enables us to capitalize on our shared vision of artfully uniting extraordinary properties with extraordinary lives and will permit us to showcase our listings on an international scale.”

Korea Sotheby’s International Realty has experience working with investors, luxury buyers, and developers with plans to work alongside luxury hotel brands to develop residential resale in the market. The company is actively involved in the local community participating in various art and educational initiatives.

The Sotheby’s International Realty network currently has more than 23,000 affiliated independent sales associates located in approximately 1,000 offices in 72 countries and territories worldwide. Korea Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby’s International Realty Brand Expands Presence in Caribbean and Opens First Office in Antigua and Barbuda

NEW YORK, N.Y. (Dec. 17, 2020) – Sotheby’s International Realty today announced that Majestic Realty Caribbean Limited in the country of Antigua and Barbuda is the newest member of its global network and will now operate as Antigua & Barbuda Sotheby’s International Realty. The addition marks the brand ́s first affiliated office in the country and its continued strategic growth in the Caribbean, bringing its total office count in the region to nearly 30.

Sharilyn Cort is a founding member and majority owner of Antigua & Barbuda Sotheby’s International Realty and brings 15 years of real estate experience to the company. The company is headquartered in St. John’s, Antigua, led by Kaye McDonald, Director of Sales, and has four agents serving the twin islands of Antigua and Barbuda.

“As we have seen throughout 2020, consumers are increasingly interested in locations that offer safe refuge, open space, and lifestyle,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “Antigua and Barbuda is a beautiful country in the Eastern Caribbean and offers a vibrant luxury real estate market primed for discerning global real estate investors with its easy access to international airports and seaports. We look forward to working with Sharilyn, Kaye, and the entire Antigua & Barbuda Sotheby’s International Realty team.”

“The luxury real estate market in Antigua and Barbuda is of a high standard, signaling to investors that they can enjoy full value for their investment and low holding costs,” said Cort. “We are enthusiastic about the development growth and luxury property offerings on the twin islands and our affiliation with Sotheby’s International Realty provides a strategic advantage to grow our presence on an international scale. Like Sotheby’s International Realty, we pride ourselves on a bespoke approach in that each client experience is unique and we tailor our services to meet our clients’ individual requests.”

Antigua & Barbuda Sotheby’s International Realty offers a full spectrum of real estate services including purchasing, selling, and renting real estate in Antigua and Barbuda. The twin-island paradise of Antigua and Barbuda enjoys a comfortable tropical climate year-round and is steeped in history and culture with modern comforts and conveniences.

The Sotheby’s International Realty® network currently has more than 23,000 affiliated independent sales associates located in approximately 1,000 offices in 72 countries and territories worldwide. Antigua & Barbuda Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty

Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house. Today, the company’s global footprint spans approximately 1,000 offices located in 72 countries and territories worldwide, including 45 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Realogy entered a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby’s International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby’s International Realty, Inc. Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

Damianos Realty

Sotheby’s International Realty Brand Opens First Office in Paraguay

New York, NY (Dec. 9, 2020)Sotheby’s International Realty announced that Raices Real Estate Group in Paraguay is the newest member of its global network and will now operate as Paraguay Sotheby’s International Realty. This addition marks the brand´s first affiliated office in the country and its continued strategic growth in Latin America, bringing its office count in the region to 26 in total.

Paraguay Sotheby’s International Realty is a family-owned and operated company managed by Ernesto, Aníbal, Jorge, and Yolanda Figueredo Coronel, who bring a combined more than 20 years of experience in the real estate industry in Paraguay and Latin America. The company is actively involved in the development of real estate projects and the growing interest for primary and vacation homes.

“The modern real estate market in Paraguay continues to grow,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “The region is considered a central hub for South America with a number of connecting flights from major capitals, and we are seeing increased demand in the residential market as buyers seek high-end listings or vacation homes. The Figueredo Coronel family and their team have a great knowledge at the local and regional level, and we are proud to welcome them as a new affiliate.”

“Aligning our company with Sotheby’s International Realty enables us to provide an added level of international exposure to our different projects,” said Ernesto Figueredo. “Our company culture is built on innovation, high quality service, professionalism, technology, and excellence. It was important that we affiliate with a brand that values these same principles and one that actively works to highlight a property to tell its story, capturing the attention of prospective clients on both a local and international level.”

Paraguay Sotheby´s International Realty is located in Asunción. Paraguay Sotheby’s International Realty will serve the luxury and residential markets of Paraguay, such as Asunción and Gran Asunción, San Bernardino, Ciudad del Este, Encarnación and Pedro Juan Caballero, with 15 agents.

The Sotheby’s International Realty® network currently has more than 23,000 affiliated independent sales associates located in approximately 1,000 offices in 72 countries and territories worldwide. Paraguay Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty

Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house. Today, the company’s global footprint spans approximately 1,000 offices located in 72 countries and territories worldwide, including 45 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby’s International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby’s International Realty, Inc. Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.