MADISON, N.J. and ROME - Feb. 9, 2015 // PRNewswire // - Sotheby's International Realty Affiliates LLC today announced its luxury real estate services will be available in Rome with the opening of Rome Sotheby's International Realty.
Lodovico and Clemente Pignatti Morano will own and manage Rome Sotheby's International Realty. They also are managing partners of Milan, Lake Como and Tuscany Sotheby's International Realty. The Sotheby's International Realty® brand is represented in Venice by Venice Sotheby's International Realty, which is owned and managed by Ann-Marie Doyle.
"Our expansion across Italy continues our commitment to providing access to the Sotheby's International Realty network's exclusive real estate services in key cities around the world," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "Rome Sotheby's International Realty enhances our presence in Europe, and provides a strong footprint in one of the most beautiful and historic cities in the world."
"Rome, the eternal city, has been attracting visitors for two millennia but it is still one of the most exhilarating and romantic destinations in the world," says Lodovico Pignatti Morano. "The Rome real estate market represents a strong opportunity in Italy in terms of sales and rentals for properties, and we are thrilled to represent the Sotheby's International Realty brand in such an important location."
Rome Sotheby's International Realty offers its international and local clientele a wide selection of luxury properties in Rome and the surrounding areas. Located inside the renowned Palazzo Odescalchi, whose facade was originally designed by Gian Lorenzo Bernini in 1665, the office is conveniently positioned and caters to individual client needs with a multi-lingual staff.
"Despite the economic crisis that hit the Italian real estate market over the last few years, property prices in many neighborhoods did not fall, especially in the historic center, where there are apartments and penthouses for sale with antique features including frescos and vaulted ceilings," said Diletta Giorgolo Spinola, head of sales for Rome Sotheby's International Realty. "Apartments with views on the picturesque squares and renowned fountains are the most sought-after. In other residential areas such as the Parioli, prices fell and it is now possible to find exciting deals."
The Sotheby's International Realty network currently has over 16,400 sales associates located in approximately 730 offices in 56 countries and territories worldwide. Rome 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 their 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.
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.
SOURCE Sotheby's International Realty Affiliates LLC
Director, International Marketing and Public Relations
Sotheby's International Realty Affiliates LLC
Berkeley Square House, Berkeley Square
O: (+44) 208 123 1985
Diletta Giorgolo Spinola
Head of Sales
Rome Sotheby's International Realty
O: + 39 06 7925 8888
C: +39 333 6776473