Sotheby’s International Realty opens first office in Bulgaria

Published: October 13, 2021 at 9:00 a.m. CDT|Updated: 15 hours ago

NEW YORK, Oct 13, 2021 / PRNewswire / – Sotheby’s International Realty announced today that Iris Estates has joined the network and will now operate as Bulgaria Sotheby’s International Realty. The increase marks the continuous growth of the brand in Europe and marks nearly 200 affiliated offices in the EMEIA region.

Sotheby’s International Realty logo. (PRNewsFoto / Sotheby’s International Realty) (PRNewsfoto / Sotheby’s International Realty)

Bulgaria Sotheby’s International Realty is owned and operated by Hristo Angelkov in collaboration with Andrei Manoukovski. The team brings more than 50 years of experience to the company headquartered in the city Sofia. The company will have two offices and will serve the entire country.

“Bulgaria is an emerging market and attractive destination for residential development, which makes it attractive to global investors, “said Philipp White, President and CEO of Sotheby’s International Realty. “The country has a positive dynamic, offers attractive prices and is located 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 in further servicing the country. “

“As a leading provider of luxury residential properties in Bulgaria, it was only natural for us to join a brand like Sotheby’s International Realty, “said Angelkov.” From the start, our company focused on luxury and residential real estate, providing high quality services to expats and diplomats. Due to the attractive investment opportunities, we expect increased interest from other Western European countries and the middle East by both investors and private individuals. Our affiliation with Sotheby’s International Realty enables us to meet and exceed the needs of our clients and to present these perspectives to a global audience. “

The office currently has several salespeople helping the region plan for further growth. The region offers a variety of lifestyle interests such as 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, the services Russia, Cyprus, Kazakhstan, Hungary, and Slovenia, and has been in operation for more than 10 years.

The Sotheby’s International Realty® network currently includes more than 24,000 affiliated independent sales representatives in around 1,000 offices in 75 countries and territories worldwide. Bulgaria Sotheby’s International Realty Listings are marketed on the global website sothebysrealty.com. In addition to the referral opportunities and expanded engagement that comes from this source, the company’s agents and clients will benefit from an association with Sotheby’s auction house and Sotheby’s International Realty’s global 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 customers of the Sotheby’s auction house. Today, the company’s global presence includes around 1,000 branches in 75 countries and territories worldwide, including 45 company-owned broker offices in major metropolitan areas and holiday resorts. In February 2004, Realogy has entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the name Sotheby’s International Realty and the development of a franchise system. The franchise system consists of an affiliate network where each office is independently owned and operated. Sotheby’s International Realty supports its subsidiaries and agents with a variety of operational, marketing, recruiting, educational and business development resources. Partners and agents also benefit from a connection with the venerable auction house Sotheby’s, which was founded in 1744. More information is available at www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC and the corporate brokerage firms are operated by Sotheby’s International Realty, Inc. Both companies are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY), a leading global real estate franchise and provider of real estate brokerage, relocation, and settlement. Both Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and Equal Opportunity Act.

Contact:
Melissa couch
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973-407-6142

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