Founded in 1864 by Sir John Taylor, the John Taylor Group was acquired by the Michel Pastor Group in 1996. Today, it consists of luxury real estate networks with 19 offices worldwide and has opened a new agency in the Spanish capital, Madrid.
Formerly operating under the German brand of Engel&Völkers, the Madrid office is now fully operational under the John Taylor name.
Located in the Salamanca area known as the ‘Golden Mile’, the new office is situated among some of Spain’s most exclusive boutiques, luxury brands, hotels and restaurants.
Adhering to the Group’s global expansion strategy of specialising in luxury property and following on from its new alliance with US luxury Real Estate Group, Corcoran, the office aims to benefit from the firm’s expertise within the high-end real estate sector and aims to deliver international exposure for properties on its books, engaging a global cross-section of buyers.
South American market
Madrid offers many opportunities via its multinational companies, embassies and world-class universities – each of which has an historic appeal to European markets. The launch of the office in the Spanish capital will also open the door to the South American market, through which buyers from Venezuela, Mexico, Peru and Argentina will be able to access the aspirational, cosmopolitan lifestyles on offer in the Spanish capital.
The new office will be headed up by Ivan Barrondo, who has 25 years in the luxury property market. After closing his first deal at the age of 19, Ivan built on his degree in Business and Economics, progressing through the ranks to become an experienced managing director and business owner.
Having worked under the Endel&Volkers brand, Barrondo was integral to the business’s decision to amalgamate with John Taylor, sharing their vision for providing first class real estate services.
Managing Director Barrondo comments: “Due to the strong pound, Spain is a very attractive destination for Britons, and purchasing power has increased by 15% in one year. Aside from value for money, people from the UK are attracted to Spain for the excellent quality of life and safe long-term investments, which has culminated in over one million properties in Spain being owned by British people. The main areas of Madrid targeted by British and other foreign investors are Salamanca, Chamberi, Justicia and Chamartin.
“We look forward to opening the Madrid market to a global audience and to bringing a new energy and approach to high-end property transactions in Spain.”
For more information, go on-line at: www.john-taylor.co.uk