NEW YORK
, May 29, 2025 /PRNewswire/ -- Sotheby's International Realty today announced the opening of Hungary Sotheby's International Realty, marking its 197th office in Europe and further strengthening its presence across the continent.
Headquartered in Budapest, Hungary Sotheby's International Realty will service the luxury residential market throughout the capital, the surrounding regions, and the iconic Lake Balaton area—often referred to as the "Hungarian Riviera." The company is owned by Andrew Manukovski, a highly respected real estate professional with over three decades of industry expertise, and is operated jointly with Viktoria Toth, CEO. Manukovski also owns and operates Kazakhstan Sotheby's International Realty and Cyprus Sotheby's International Realty.
"Hungary's luxury property market has experienced significant growth, driven by strong demand from both domestic and international buyers," said Philip White, president and CEO of Sotheby's International Realty. "Budapest, with its stunning architecture, cultural offerings, and flourishing culinary landscape offers competitive real estate investments compared to other European capitals. Coupled with a favorable tax environment, Hungary presents a compelling opportunity for discerning buyers. We are thrilled to continue working with Andrew and his team as they expand and look forward to supporting their success through the power and global reach of our brand."
"With Hungary's blend of historic grandeur and modern sophistication, the real estate offerings are as diverse as they are distinguished. From elegant estates and castles to picturesque vineyards and lakeside retreats, the country presents a rare opportunity for selective purchasers," said Manukovski. "From the timeless beauty of Budapest to the tranquility of Lake Balaton, we see immense potential in showcasing the country's most extraordinary properties to a global audience. Our mission is built on integrity, expertise, and an unwavering commitment to service excellence. Through our affiliation with Sotheby's International Realty, we aim to transform the real estate experience in Hungary and elevate the expectations of buyers and sellers alike."
The Sotheby's International Realty® network currently has more than 26,200 affiliated independent sales associates located in 1,100 offices in 85 countries and territories worldwide. Hungary 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 85 countries and territories worldwide, including 48 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
Rachel Colletta
Senior Manager of PR and Communications
Rachel.colletta@sothebys.realty
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SOURCE Sotheby's International Realty
