ARCO REAL ESTATE

In October Arco Vara starts providing cross-brokerage service, enabling customers to conveniently buy real estate abroad.

 

In the first stage, the focus is set on the Bulgarian real estate, in the future; however, the brokerage service is to be expanded to the rest of Arco Vara markets in the Baltic States, Ukraine and Romania, the company reported.

 

The new service package has been developed for people taking a broader look at the possibilities of acquiring real estate and looking for interesting opportunities abroad. The service covers consultation, presentation of offers, full organisation of the sales process as well as arranging financing solutions and presentation trips, if required.

 

The need for developing an international cross-brokerage service came as an increasing number of our customers showed interest in the real estate markets in the Balkans, said Mark Shein, Arco Vara Cross-Brokerage Manager. According to Shein, the full service will be provided in Bulgaria for the time being. Shein highlights the recent access to EU, a rising market, a good location and a favourable climate as the strengths of Bulgaria. „We will continue developing the international service. We want to make the process of acquiring real estate abroad as smooth as possible for all of our customers. I believe that an important advantage for the customers is that the initial consultation is organised quickly and comfortably at an Arco Vara office in their home country and in their mother tongue, and that the sales process is taken care of according to customer’s wishes,” Shein said.

 

The Cross-brokerage team is striving towards being ready to offer the service to all Arco Vara home market customers in the 29 locations in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and Romania, but also in other European countries that the customers are interested in. The Service Division of the Group employs nearly 380 people.

 

Avo Rõõmussaar, Arco Vara Board Member predicts a good outlook for the service. „I believe that we can offer our customers a completely new level of service. We have a very active sales team and thus the possibility to expand customers’ choices in acquiring real estate either for a residence, vacation or as an investment. Besides that, the service offers good possibilities for developers intending to present their offers to a broader audience,” Rõõmussaar said.

 

Arco Vara started in 1992 as a real estate agency and has become a leading real estate company in the Baltic States. The company is operating in brokerage, development and construction sectors, and has representations in 29 cities in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and Romania. As of second quarter 2007, the Group employed 574 people. The consolidated turnover of Arco Vara AS in the first six month in 2007 was 487.6 mio. kroons and the net profit of the Group was 227.1 mio. kroons. Arco Vara shares are listed on the Tallinn Stock Exchange.

 

See more detailed info on our webpage HERE

 

Additional information:

Mark Shein

Head of cross-selling service in Arco Vara group
372 6144 502
372 517 6505