Following the visit to our new Offices by Jamie Mcmullan, Director at Sotheby’s International Realty for the EMEA region, Mrs Liza Tsopanaki senior editor to Rodiaki newspaper discussed with both Mr McMullan and Mr Savvas Savvaidis about the recent acquisition of Rhodes Sotheby’s International Realty by Savvaidis & Associates and the positive impact to the local real estate market.
Mr Savvaidis, Sotheby’s International Realty in Rhodes! Can you please tell more about it?
Savvas Savvaidis: We are delighted, as after more than three years of contacts, our company has acquired the international brand Sotheby’s International Realty for Rhodes & Symi. By trading as Rhodes Sotheby’s International Realty we are now fully immersed in the world’s finest luxury real estate network.
Sotheby’s International Realty is at the very top of the real estate profession, with 900 offices in the most prestigious locations in 65 countries, 19,000 property consultants and a sales volume in excess of 80 billion euros a year.
This is an exciting development not just for us, but also for the island. The presence of Sotheby’s International Realty puts Rhodes firmly on the map of premium real estate worldwide, showcasing the island to the highest category of buyers and real estate investors. The main characteristic of this category of buyers, is not just financial standing but also significant influence on a wider social scale, including lifestyle and tourism. High quality tourism and distinguished real estate are directly connected.
Having visited the most important real estate destinations worldwide, I believe that Rhodes has the potential to acquire a unique identity as a 5 stars destination with a mix of historical buildings, architecturally significant properties as well as the improvement of its existing housing within the strict parameters in place, alongside the promotion of the natural and historical landscape of the island.
What is the relationship between the famous Sotheby’s auction house and Sotheby’s real estate?
Savvas Savvaidis: Sotheby’s Auction House was founded in London in 1774 initially for books and later for art. It soon became known for reliability at the highest level and the name Sotheby’s quickly became established as the ultimate luxury brand in the world. The Auction House is known for the sale of high value works of art such as for example The Scream by Edward Munch, which was sold in 2012 at auction in London for USD 119.9 million, a record price for the company.
In 1973, the move into real estate came as a natural step. It is said that at one time such was the size of clients private art collections that it became necessary to find an additional home or space to accommodate them! Sotheby’s International Realty is currently the largest luxury real estate company in the world. Just a month ago Sotheby’s International Realty finalised one of the largest property sales in the world. This was for the sale of the Waggoner Ranch comparable in size to New York State. Although the price has not been officially announced, the media speculation is that the price was around $700 million.
Sothebysrealty.com receives around 2 million unique visits per month and our property portfolio is advertised with the most influential world media: News York Times, International New York Times, Mansion Global, Wall Street Journal, Bloomberg, Forbes, Architectural Digest, Elle Decor, Country Life, London Times, Economic Times, Financial Times, James Edition, Juwai.com. There is no doubt that buyers and vendors alike will see an impressive advancement in the services we now offer. For the first time our local property owners can see their home advertised for sale to an elite worldwide audience.
Mr McMullan what does the presence of Sotheby’s International Realty on Rhodes mean to you?
Firstly, I want to say how happy we are to have found Savvas, who is not only one of the most reputable and and experienced professionals in the world of real estate in Greece, with countless international awards and a consecutive sales record in the second home market, but more importantly a company with family traditions and values.
Secondly, through Savvas, myself and my colleagues have come to know the island ver well with its unique characteristics. Without question we are convinced that Rhodes is the ideal destination for our clients. Trust me, you live in a paradise! There are not many places in the world that combine such rich historical heritage, natural beauty, excellent climate, easy access and perhaps most importantly such warm hospitality. Combined with the feeling of safety, your island has all the important requirements expected from a Sotheby’s International Realty client. Don’t forget that the Old Town of Rhodes, Lindos and Symi have always been at the center of attraction for high end visitors since the beginning of the last century.
Over the coming months, and in collaboration with the Marketing Department of Sotheby’s International Realty, we will be promoting the island with articles and presentations in the international press to create a spotlight on Rhodes and Greece. There will be international events organised together with Sotheby’s Auction House. Mr Savvaidis will tell you more about that.
How are properties marketed in the international markets? )
Savvas Savvaidis: For the last 12 months our team has been working intensively to get the on-line interface platform up and running to connect the 900 offices of the Sotheby’s Realty network, which allows us to showcase in real time selected properties from our portfolio in all branch offices (EGallery system), we also receive on a 24 hour basis inter-office enquiries from potential clients with an interest in the Rhodes’ property market.
At the same time we are progressing with advertising our properties in our Affiliates’ Offices in areas such as New York, London, Paris, Milan, Geneva, Brussels, Monaco, Frankfurt, Berlin, Moscow, Dubai, Peking and Tel Aviv. It is worth mentioning that via the Client Referral Network, and in just one month, we already have 6 confirmed viewings commencing in March for properties above €1,000,000 in Rhodes.
Should we expect to see only high value properties for sale with Sotheby’s International Realty?
Savvas Savvaidis: Not at all! Price is not the only criteria when we list a property to our portfolio, quality, design and location are also very much considered. We have properties for sale ranging from €100,000 to €10,000,000 with an average price of €350,000. On a daily basis we evaluate client’s property without cost to the client and accept those that we consider to be a match to our clients needs. We also offer free advise to clients, as to how, with little expense, they can upgrade their home to greatly improve the chances of reaching a sale.
How can people contact you?
Savvas Savvaidis: We have recently moved our offices to Iraklidon Avenue, Ixia. We have easy parking and are in the heart of the hotel district. Our office in Kalathos is open for clients from Lindos and South Rhodes and we can always be found at www.savvaidis.com. We are open daily from 9-5 and on Saturday from 10-2. Our team would very pleased to discuss with prospective sellers and provide a free valuation of their properties.