New Business Concept Soars in Housing Downturn

In an announcement by co-owner Oliver Tonn today, he disclosed the signing of six new Engel & Völkers licenses in Miami.  The new shops will be located in Downtown Miami, Lincoln Road, Bal Harbour, South Beach, Brickell and Key Biscayne, bringing our total number of Engel & Völkers locations in Florida to 30 in total. The new franchise owners bring with them a wealth of experience in development, construction and real estate marketing in Mexico and Florida. “The addition of these new licenses is the result of our dedicated plan to provide our clients with the comprehensive and precisely defined service system that E&V is known for all over the world. We believe strongly in connecting our clients around the world and the E&V global network provides us the platform we need,” added Tonn.

Engel & Völkers Florida, the first US based master franchisor of the 30-year-old Germany-based brokerage Engel & Völkers (E&V), is expanding rapidly into Miami despite a slow real estate market in Florida. Engel & Völkers has 555 franchises worldwide and only expanded to the US three years ago.  The continued growth in international real estate buyers is ideally suited for this strong European real estate franchise. Furthermore the Engel & Völkers real estate franchise is also the only real estate franchise in the US that is based on a unique shop concept says Tonn.