Engel & Völkers began in 1977 in Hamburg, Germany, originally named Engel & Cie. The company expanded internationally in the 1990s through franchising and now operates in numerous countries. The company's core business involves brokering upscale residential and commercial properties. Additional services include yacht brokerage, aviation consulting, and private office solutions. Engel & Völkers maintains a presence in major global markets through a network of licensed partners.