NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced that Iris Estates has joined
the network and will now operate as Bulgaria Sotheby's
International Realty. The addition marks the brand's continued
growth in Europe and marks nearly
200 affiliated offices in the EMEIA region.
Bulgaria Sotheby's International Realty is owned and operated by
Hristo Angelkov in partnership with
Andrei Manoukovski. The team brings more than 50 years of
combined experience to the company, which is headquartered in the
city of Sofia. The company will
have two offices and will service the entire country.
"Bulgaria is an emerging market
and is an attractive destination for residential developments,
making it appealing for global investors," said Philip White, president and CEO, Sotheby's
International Realty. "The country is seeing positive momentum,
offers attractive prices, and is situated between major cities in
Europe, Asia, and Africa. The luxury segment is well-positioned
in the market, and I look forward to supporting Hristo and the
entire Bulgaria Sotheby's International Realty team as they
continue to service the country."
"As a leader in luxury residential real estate in Bulgaria, it was only natural for us to align
with a brand like Sotheby's International Realty," said Angelkov.
"From the beginning, our company focused on luxury and residential
real estate and provided high-quality services to expats and
diplomats. Due to the draw of investment opportunities, we expect
to receive increased interest from other Western European countries
and the Middle East from both
investors and individuals alike. Our affiliation with Sotheby's
International Realty enables us to meet and exceed the needs of our
clients while presenting these prospects to a global audience."
The office currently has several sales associates supporting the
region with plans for continued growth. The region offers a variety
of lifestyle interests including skiing, golf resorts in the
mountains and on the Black Sea coast, winter and summer resorts,
and is an up-and-coming spa destination.
Manoukovski also successfully owns Moscow Sotheby's
International Realty, which services Russia, Cyprus, Kazakhstan, Hungary, and Slovenia, and has been operating for more than
10 years.
The Sotheby's International Realty® network currently has more
than 24,000 affiliated independent sales associates located in
approximately 1,000 offices in 75 countries and territories
worldwide. Bulgaria 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 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 75 countries and territories worldwide,
including 45 company-owned brokerage offices in key metropolitan
and resort markets. In February 2004,
Realogy entered a long-term strategic alliance with Sotheby's, the
operator of the auction house. The agreement provided for the
licensing of 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
Melissa.Couch@sothebys.realty
973-407-6142
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SOURCE Sotheby's International Realty