The firm is owned by Josef Fischer and will serve the Costa Blanca region of Spain, from Denia to Benidorm. The Sotheby's International Realty network already includes firms in Madrid, Marbella and the Balearic Islands of Mallorca and Menorca and recently recealed office openings throughout Costa Brava.

According to Mr Fischer, his goal is to develop the Sotheby's International Realty brand throughout the region with the immediate opening of Costa Blanca Sotheby's International Realty in Altea, Albir and Moraira.

Mr Fischer said: “The luxury market throughout Spain remains stable and demand is still high for quality, well-priced luxury properties. With the Sotheby's International Realty brand behind us, we will offer extensive marketing campaigns, use the latest technology and build strong teams of experienced real estate agents.”

The Sotheby's International Realty network currently has more than 11,700 sales associates located in approximately 550 offices in 44 countries and territories worldwide. The Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world.

Michael Good, CEO of Sotheby's International Realty Affiliates, said: “A strong presence in Spain is a critical component to our growth plans across Europe. I am confident that under Josef Fischer's leadership, Costa Blanca Sotheby's International Realty will bring quality service to clients in Spain and worldwide.”

Will the expansion benefit the firm?

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