A leading German real-estate magazine by the name of “Immobilienmanager” has ranked Engel & Völkers in first place in this year’s “Makler-Ranking”. Which is the definitive list of major property agencies in Germany!
This is a annually ranking that compiles German real-estate firms, taking into consideration residential property realtors, commercial real estate brokers and universal real estate companies. Engel & Völkers has been the top performer in total net revenues, according to the list in both 2008 and 2009.
The “Makler-Ranking” also bases its findings, besides the total net revenues, on various other criteria. These include transaction volumes, business division, sales and leaseholding.
This year, 2010, Engel & Völkers led the ranking in five different categories:
- Total net revenues in 2009
- Net commission revenues in 2009 from residential property sales
- Transaction volumes in 2009 from residential property sales
- Net revenues in 2009 from residential property leaseholding
- Net commission revenues in 2009 from commercial real estate deals
“Immobilienmanager” points out the following in its accompanying article:
“Engel & Völkers has secured the top spot in both ranking lists (transaction volumes from residential property sales and commission revenues from residential property sales), having increased both its transaction volumes and the respective commission earnings by around 20 percent. In doing so, Engel & Völkers has also managed to topple LBS Münster from its top spot – a position it has held for many years.” Engel & Völkers has increased its net turnover from residential leaseholding deals by 28 percent.
In the magazine’s report it is obvious that 2009 was a bad year for commercial real estate agents – with the revenues dropping even further after the already big drop in 2008. The article also further states:
Jones Lang LaSalle was able to retain its frontrunner position in terms of the overall transaction volume of commercial real estate deals. “When it came to commission earnings however, it was forced to relinquish its leader board position to Engel & Völkers. Although the franchise company suffered a loss of almost 40 percent in overall transaction volume, it amazingly managed to limit its losses in commission to just 24 percent,” .