Sotheby's International Realty Brand Expands Its Reach to Costa Blanca, Spain

PARSIPPANY, NJ and ALTEA, SPAIN--(Marketwire - March 16, 2011) - Sotheby's International Realty Affiliates LLC today announced it has further expanded its global real estate network across Spain with the addition of Costa Blanca Sotheby's International Realty.

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 announced office openings throughout Costa Brava.

"A strong presence in Spain is a critical component to our growth plans across Europe," said Michael R. Good, chief executive officer, Sotheby's International Realty Affiliates LLC. "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."

According to 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. "The luxury market throughout Spain remains stable and demand is still high for quality, well-priced luxury properties," he said. "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. Costa Blanca Sotheby's International Realty listings will be 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 the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. For more information on Costa Blanca Sotheby's International Realty go to www.costablanca-sothebysrealty.com or dial +34 966 88 58 10.

About Sotheby's International Realty Affiliates LLC

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into 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 full franchise system by Realogy's subsidiary, Sotheby's International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.

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