Savills, the London-based international property services company, has entered the Moscow market through a partnership with Intermark, a British-owned residential estate agent operating in and around the Russian capital. Branded as Intermark Savills, the partnership will concentrate on the residential agency business in the most expensive property market in the world. Intermark has a 12-year record of relocating employees and their families to Moscow for some of the largest international companies.
Savills, the London-based international property services company, has entered the Moscow market through a partnership with Intermark, a British-owned residential estate agent operating in and around the Russian capital. Branded as Intermark Savills, the partnership will concentrate on the residential agency business in the most expensive property market in the world. Intermark has a 12-year record of relocating employees and their families to Moscow for some of the largest international companies.
The two companies said the partnership will also work in the opposite direction through the referral of Russian buyers to Savills UK and its international offices. 'It is very exciting to be involved in the growing Moscow market as the potential for fantastic referrals of Russians wanting to buy in the U,' said Jonathan Hewlett, Savills director for top-end London sales. 'In 2005 Russian buyers made up 21% of Savills sales of prime Central London homes and apartments over EUR 5 mln, and already by October 2006 they have made up 25%.'
