Sotheby's International Realty Brand Enters Malta

PARSIPPANY, NJ and SWATAR, MALTA - (Marketwired - Apr 17, 2013) - Sotheby's International Realty Affiliates LLC today announced its luxury real estate services are now available in Malta with the opening of Malta Sotheby's International Realty.

The firm, which is jointly owned by Michael, Andrew and Tony Zammit and Roger Strickland Jr., serves the high-end residential real estate market throughout the island of Malta in Southern Europe.

"Our expansion into Malta continues our commitment to providing access to the Sotheby's International Realty network's exclusive real estate services in key countries around the world," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "This affiliation, which strengthens our presence in Europe, offers us entrance into the exciting Maltese market. We are very pleased that our global clientele will now have access to our services in this historic and beautiful country."

According to Michael Zammit, it is the team's goal to deliver efficient and personalized services with professionalism and confidentiality. "Our team has the experience and local market knowledge, and now we add to that the international network of the Sotheby's International Realty brand to form a very powerful combination," he said. "As well, the Island of Malta, renowned for its history, hospitality and Mediterranean charm, has become a prime location for foreign businesses, property investment and as a holiday destination. Investing in property here remains an attractive proposition with the Maltese market achieving strong appreciation depending on location. Lifestyle developments have quickly become the most exclusive and sought after addresses on the island. This, coupled with the various tax benefits and fiscal incentives, make our island an attractive option to either retire or relocate."

The Sotheby's International Realty® network currently has more than 12,800 sales associates located in approximately 660 offices in 47 countries and territories worldwide. Malta 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. Each office is independently owned and operated.

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. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy 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. 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.

Contacts:

David Russell
Director, International Marketing and Public Relations
Sotheby's International Realty Affiliates LLC
Thorpe Hall, Fylingthorpe, YO22 4TT
United Kingdom
+44208 123 1985

Michael Zammit
Joint Owner
Malta Sotheby's International Realty
The Penthouse, Tower Business Centre,
Tower Street, Swatar
Malta. BKR 4013
+356 2010 8070
www.maltasothebysrealty.com

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