eXp Realty has hit the ground running in 2022, announcing plans to expand to the Dominican Republic, Greece and New Zealand in the first quarter of 2022. (Read the press release here.)
This follows the addition of Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany in 2021. By the end of Q1 2022, eXp Realty will have a presence in 21 countries, including its headquarters in the United States.
Throughout 2021, eXp continued to gain global market share by growing its global agent base to more than 72,000 and increasing revenue by 97% to $1.1 billion during the third quarter of 2021.
“We’ve continued to expand globally at a steadfast pace,” said Michael Valdes, President of eXp Global. “There continues to be high demand for what eXp brings to the international real estate market. With the addition of the Dominican Republic, Greece and New Zealand, we continue to solidify our footprint across the EMEA, CALA and APAC regions and further develop strategic footholds in each. The Dominican Republic has, in the last three decades, experienced a period of remarkable economic growth, leading all countries in the Caribbean and Latin America region. Greece is a vibrant market with excellent foreign investment opportunities, and is a key component to our growth on the continent, joining the UK, France, Portugal, Italy, Spain and Germany.
“Additionally, New Zealand boasts a property market with extremely high demand and benefits from the close connection to Australia, where eXp already has a strong market presence.”
As part of the expansion into the new markets, eXp will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services.
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