Real Estate Shop Franchise Moves Ahead With Plans in California

For Immediate Release

Palisades, NY – March 16, 2009

Watching the stock market gyrate and news pundits point fingers in every direction has all but paralyzed home buyers in the U.S.  And those buyers span the market from first time buyers to the higher end luxury home buyers.  Business continues to slow down across the board and real estate companies are wrestling with the re-structuring process to determine how to proceed in the future.  It seems as if the industry just continues to be paralyzed.

Yet at least one company believes their model will stand the test of today’s market and is quietly moving into the marketplace along with their 300,000 potential buyers. Engel & Voëlkers California, having recently opened their headquarters in Beverly Hills, California is beginning to expand the German-based company’s model in the high end luxury market – a model that is based on its standardized and distinct shop concept. 

According to Mathias Bode, CEO of Engel & Voëlkers California, “The company believes in and is committed to the upmarket sector as it has historically remained largely unscathed from the global financial crisis and has proven to be least affected by changes in the economy.  One of the key reasons is that our clients primarily act independently of financing.”  Bode says that a half a dozen new Engel & Voëlkers California offices are in the pipeline for 2009 and will join the already global footprint of 500+ Engel & Voëlkers offices in 26 different countries. 

Considering the state of housing prices in the U.S. market there are ample high end properties available at prices that are attractive to international buyers.  Bode expressed that this has been one of the keys in their expansion plans for California. As they continue to expose California real estate brokers to their highly successful “real estate shop concept” they are encouraged at the growing response to the unique model.  Walk into an Engel & Voëlkers Shop in Russia, South Africa, Dubai or Florida and it looks the same as the original one in Germany – the only difference is the language being spoken and minor modifications for local conditions in each country. The winning concept and high quality service is however the same.

To learn more about the opportunity offered by Engel & Voëlkers California visit www.EngelVoelkersCalifornia.com