NEW YORK, May 18, 2022 /PRNewswire/ -- Sotheby's
International Realty today announced the opening of KADENA
Sotheby's International Realty in Serbia, signifying the brand's
continued strength in Europe. The
addition marks the brand's 10th affiliated office in
Eastern Europe and its
205th affiliated office in the EMEIA region.
KADENA Sotheby's International Realty is owned and operated by
Kadena Properties, one of the leading real estate developers in
Serbia, and Hunter Milborne, owner
of Montenegro Sotheby's International Realty and partner of KADENA
Sotheby's International Realty. Managing Director, Nikola Nedeljkovic, will run the company's
headquarters in the city of Belgrade, which will service the entire
country.
"The luxury market in Serbia is seeing a steady increase in
interest," said Philip White,
president and CEO of Sotheby's International Realty. "This is
primarily due to the nation's growing purchasing power, an influx
of expats and Serbians who see the country as a great place to
invest and reside, and the number of new developments emerging in
the country, including the launch of St. Regis Residences Belgrade.
I look forward to welcoming Nikola and the entire KADENA Sotheby's
International Realty team to the network."
"Serbia is an excellent choice for buyers looking to purchase a
property with solid investment potential," said Nedeljkovic. "As an
EU candidate country, Serbia is becoming an attractive destination
due to its history, nightlife, and affordability when compared to
other countries in the region. Our affiliation enables us to tap
into a growing luxury market and showcase our listings both
domestically and internationally, with the credibility and strength
of the Sotheby's International Realty brand behind us."
The office currently has several sales associates with plans for
continued growth. The country's biggest real estate development,
Belgrade Waterfront, which includes the St. Regis Residences, will
be one of the firm's new development projects. The residences and
development will be represented by the KADENA Sotheby's
International Realty team.
The Sotheby's International Realty® network currently has more
than 25,000 affiliated independent sales associates located in more
than 1,000 offices in 78 countries and territories worldwide.
KADENA 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 1,000 offices
located in 78 countries and territories worldwide, including 51
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.
Melissa Couch | Senior
Manager, Public Relations & Communications | Sotheby's
International Realty
O: 973.407.6142 | E: melissa.couch@sothebys.realty
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SOURCE Sotheby's International Realty