Compass‑owned Christie’s International Real Estate announced the launch of a new luxury brokerage in Uruguay on December 17 2025. The firm will operate with local partners Sven Jurgan and Brian Jones, who bring 35 years of combined experience in high‑end real‑estate transactions. The initial portfolio includes premier estates, luxury developments, and large working ranches (estancias) across the country’s coastal and rural regions, with a combined value of more than US$600 million.
The launch is part of Compass’s broader strategy to deepen its presence in the global luxury market. Uruguay has become an increasingly attractive destination for high‑net‑worth individuals, thanks to its natural beauty, temperate climate, and stable economy. By pairing the Christie’s International Real Estate brand—known worldwide for its discretion, expertise, and connection to the Christie’s auction house—with Compass’s technology‑enabled brokerage platform, the new office is positioned to offer a seamless, high‑touch experience for affluent buyers and sellers in the region.
Compass’s Q3 2025 financial results provide context for the expansion. The company reported revenue of US$1.85 billion, up 23.6 % year‑over‑year, and an Adjusted EBITDA of US$93.6 million, a 41.6 million increase from the same quarter in 2024. While GAAP net loss widened to US$4.6 million, the company’s free cash flow remained positive, underscoring its ability to fund growth initiatives such as the Uruguay launch.
The partnership with Christie’s International Real Estate also creates cross‑selling opportunities. Clients who purchase luxury properties can be introduced to Christie’s auction services for high‑value art and collectibles, while the auction house can tap into Compass’s network of affluent buyers. This synergy is expected to enhance client retention and generate additional revenue streams beyond traditional brokerage fees.
Uruguay’s growing appeal to wealthy investors is driven by its political stability, favorable tax environment, and high quality of life. The country’s real‑estate market has seen a steady rise in demand for exclusive properties, and the new brokerage is well positioned to capture this trend by offering curated listings and personalized service to a niche clientele.
In summary, the launch of Christie’s International Real Estate in Uruguay marks a significant milestone for Compass, expanding its luxury real‑estate footprint into a high‑potential market and leveraging a globally recognized brand to deliver differentiated value to high‑net‑worth clients.
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