The firm, which is managed by Philippe Vermast, serves the high-end real estate market in Luxembourg and surrounding towns. The Sotheby’s International Realty® network now has approximately 150 offices across Europe, Middle East and Africa with the addition of Luxembourg Sotheby’s International Realty.
“Our expansion into Luxembourg strengthens our presence across Europe and continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key markets around the world,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Luxembourg is the seat of several institutions and agencies of the European Union and ithas a rich history and heritage. We are proud to be able to represent the fine real estate found throughout the country.”
According to Vermast, the Sotheby’s International Realty brand has the reach and recognition needed to serve a market that consists of a large percentage of foreign residents. “People are moving to Luxembourg from all parts of the world to take advantage of its high quality of life, strong education and employment, as well as its many financial advantages,” he said. “We have many years of local real estate experience and can communicate in multiple languages. Our rich cultural heritage and sense of constant innovation are the main reasons for the broad choice of architectural styles found here, which range from classical townhomes to contemporary family residences. For a small country, we have a lot to offer and people from all over the globe are realizing it.”
The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Luxembourg Sotheby’s International Realty listings will be marketed on thesothebysrealty.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 Realtymarketing programs. Each office is independently owned and operated.