Sotheby's International Realty Opens Office in Turkey

Rhea-AI Summary

Sotheby's International Realty has opened Türkiye Sotheby's International Realty, its 230th office in the EMEIA region. The new office will serve Istanbul, Bodrum, and Antalya, and will be owned by the Alfardan Group. The luxury real estate market in Turkey is experiencing significant growth and attracting both domestic and international buyers. Türkiye Sotheby's International Realty aims to become the premier choice for luxury real estate services in the region.

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- Sotheby's International Realty today announced the opening of Türkiye Sotheby's International Realty. The addition marks the brand's continued growth in the Middle East and its 230^th office in the EMEIA region.

Türkiye Sotheby's International Realty is owned by the Alfardan Group and will be led by Country Manager, Can Turkan, who has practiced real estate and led luxury real estate projects in the United Arab Emirates and Turkey for more than a decade. The company will serve the cities of Istanbul, Bodrum, and Antalya, and will be headquartered in the Six Senses Kocataş Mansions in Istanbul.

"The luxury residential real estate market in Turkey is experiencing significant growth and attracting both domestic and international buyers," said Philip White, president and CEO, Sotheby's International Realty. "The country offers a unique lifestyle, rich culture, and favorable climate, and its strategic location at the crossroads of Europe and Asia adds to its appeal. We're seeing interest from expatriates and high-net-worth individuals, and growing interest from tech entrepreneurs and investors due to the region's startup ecosystem. Can and his team have a strong understanding of the market and we are proud to have them represent the brand in Turkey."

"Turkey's real estate market has become appealing for a variety of countries," said Turkan. "While domestic buyers remain prominent, international buyers, particularly from countries such as China, Russia, the Middle East, and European nations are increasing. At Türkiye Sotheby's International Realty, we understand that buying or selling a luxury property is a significant endeavor and our affiliation with Sotheby's International Realty allows us to market listings on a global scale and become the premier choice for luxury real estate services in the region."

The company has plans for continued growth with several real estate associates and two office locations in Istanbul – a sales lounge in Istinye Park and company headquarters at Six Senses Kocataş Mansions.

The Sotheby's International Realty® network currently has more than 26,500 affiliated independent sales associates located in more than 1,100 offices in 81 countries and territories worldwide. Türkiye 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 more than 1,100 offices located in 81 countries and territories worldwide, including 49 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered 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 Anywhere Real Estate Inc. (NYSE: HOUS) 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 
Sotheby's International Realty 
973-407-6142 
melissa.couch@sothebys.realty 

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SOURCE Sotheby's International Realty

FAQ

What is the name of the new office opened by Sotheby's International Realty?

The new office is called Türkiye Sotheby's International Realty.

Who owns Türkiye Sotheby's International Realty?

Türkiye Sotheby's International Realty is owned by the Alfardan Group.

Which cities will Türkiye Sotheby's International Realty serve?

Türkiye Sotheby's International Realty will serve Istanbul, Bodrum, and Antalya.

What is the goal of Türkiye Sotheby's International Realty?

The goal is to become the premier choice for luxury real estate services in the region.

What is the current state of the luxury real estate market in Turkey?

The luxury real estate market in Turkey is experiencing significant growth and attracting both domestic and international buyers.