Sotheby's eyes luxury market in Mexico’s capital

by Steve Randall10 May 2018

The global real estate franchise network operated under the Sotheby’s International brand has announced a new affiliate in Mexico.

Mexico Sotheby’s International Realty has been formed and located in the country’s capital Mexico City. It will serve the luxury market in the city and surrounding areas including the Metropolitan area of Puebla; Valle de Bravo and Malinalco in Estado de Mexico; and Cuernavaca and Tepoztlán in Morelos.

The new business unit is owned and operated by Carlos Gonzales.

"The luxury residential real estate market in Mexico City is experiencing tremendous growth," said Philip White, president and chief executive officer of Sotheby's International Realty Affiliates LLC. "The area has attracted many new developments, mainly luxury high-rise projects with top-of-the-line amenities and has also seen an increase in overall inventory. We are proud to welcome Mexico Sotheby's International Realty to our global network."

This expansion brings Sotheby’s International Realty network to nine offices in Mexico, and a total of more than 22,000 affiliated independent sales associates in 950 across 70 countries. 

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