NEW YORK, July 21, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced its expanding presence in
the Caribbean with the opening of
St. Kitts & Nevis Sotheby's International Realty. The addition
signifies the brand's continued growth in the region, bringing its
total number of Caribbean offices
to nearly 30. The announcement comes at a time when the
Caribbean market is experiencing
tremendous growth as the ability to work remotely spurred increased
interest in second home and investment properties.
St. Kitts & Nevis Sotheby's International Realty is owned
and operated by Neil Paine. The
company possesses more than 25 years of real estate experience and
is headquartered in Belmont Garden, Nevis, and will service the dual islands of
St. Kitts and Nevis.
"The Caribbean continues to
generate significant growth and interest," said Philip White, president and CEO, Sotheby's
International Realty. "Many of our existing affiliates in the
region have reported record-breaking sales volume and
history-making average sales prices in 2020 and the first quarter
of 2021. St. Kitts and Nevis is a
dual-island Caribbean destination,
often considered a hidden sanctuary, that is seeing its luxury
market expand due to increased interest from ex-pats, pre-retirees,
high-net-worth individuals, high-profile athletes, and investors,
thanks to its golden visa program. We look forward to supporting
Neil and the entire St. Kitts & Nevis Sotheby's International
Realty team."
"When someone asks us to list their home or to help them find
their dream property, they are inviting us to partner in a powerful
step in their future," said Paine. "The incredible topography and
landscape of the islands is what defines the real estate market in
St. Kitts and Nevis and luxury
buyers have a tremendous opportunity to select from beachfront
properties or mountainside estates, set in lush rainforest
environments. Our affiliation with Sotheby's International Realty
enables us to give St. Kitts and
Nevis the exposure and attention that it deserves."
St. Kitts & Nevis Sotheby's International Realty is actively
involved in the non-profit group Siembra Vida which aims to lift
vulnerable communities throughout the Caribbean and Latin
America through farm-to-table experiences.
The announcement of St. Kitts & Nevis Sotheby's
International Realty supports the brand's strategic growth plans
for the Caribbean and follows the
brand's recent expansion in Antigua &
Barbuda late last year.
The Sotheby's International Realty® network currently has more
than 24,000 affiliated independent sales associates located in
approximately 1,000 offices in 74 countries and territories
worldwide. St. Kitts & Nevis
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 74 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.
Contact:
Melissa Couch
Senior Manager, Public Relations & Communications
melissa.couch@sothebys.realty
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SOURCE Sotheby's International Realty