NEW YORK, Dec. 9, 2020 /PRNewswire/ -- Sotheby's
International Realty today announced that Raices Real Estate
Group in Paraguay is the newest
member of its global network and will now operate as Paraguay
Sotheby's International Realty. This addition marks the brand´s
first affiliated office in the country and its continued strategic
growth in Latin America, bringing
its office count in the region to 26 in total.
Paraguay Sotheby's International Realty is a family-owned and
operated company managed by Ernesto, Aníbal, Jorge, and
Yolanda Figueredo Coronel, who bring
a combined more than 20 years of experience in the real estate
industry in Paraguay and
Latin America. The company is
actively involved in the development of real estate projects and
the growing interest for primary and vacation homes.
"The modern real estate market in Paraguay continues to grow," said Philip White, president and chief executive
officer, Sotheby's International Realty. "The region is considered
a central hub for South America
with a number of connecting flights from major capitals, and we are
seeing increased demand in the residential market as buyers seek
high-end listings or vacation homes. The Figueredo Coronel family and their team have a
great knowledge at the local and regional level, and we are proud
to welcome them as a new affiliate."
"Aligning our company with Sotheby's International Realty
enables us to provide an added level of international exposure to
our different projects," said Ernesto
Figueredo. "Our company culture is built on innovation, high
quality service, professionalism, technology, and excellence. It
was important that we affiliate with a brand that values these same
principles and one that actively works to highlight a property to
tell its story, capturing the attention of prospective clients on
both a local and international level."
Paraguay Sotheby´s International Realty is located in Asunción.
Paraguay Sotheby's International Realty will serve the luxury and
residential markets of Paraguay,
such as Asunción and Gran Asunción, San Bernardino, Ciudad del
Este, Encarnación and Pedro Juan
Caballero, with 15 agents.
The Sotheby's International Realty® network currently
has more than 23,000 affiliated independent sales associates
located in approximately 1,000 offices in 72 countries and
territories worldwide. Paraguay 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 72 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
PR Manager
Sotheby's International Realty
973-407-6142
melissa.couch@sothebysrealty.com
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SOURCE Sotheby's International Realty