Sotheby’s International Realty announced the opening of Hungary Sotheby’s International Realty, marking the company’s 197th European office.
The Budapest-based Hungary Sotheby’s International Realty will service the luxury residential market throughout the capital, the surrounding regions, and the Lake Balaton area. The company is owned by Andrew Manukovski, a real estate professional with over three decades of industry expertise, and is operated jointly with CEO 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.”
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