eXp Realty continues its rapid pace of international expansion and has planted a brokerage flag in Spain. With the addition of eXp Spain, eXp will have brokerage operations in 14 locations outside of the contiguous United States. (Read the press release here.)
In addition to the news of Spain joining eXp’s fast-growing brokerage, the company also announced plans to launch operations in Germany, Panama and Japan by the third quarter of 2021.
“We continue to see incredible interest in the eXp model across the globe, driven by its agent-centric focus,” said Michael Valdes, President of eXp Global. “With the addition of Germany, Panama and Japan, we are solidifying our footprint across the EMEA (Europe, the Middle East and Africa), CALA (Caribbean and Latin America) and APAC (Asia-Pacific) regions and further developing strategic footholds in each. Germany has one of the largest and most stable real estate markets in Europe, and is a key component to our growth on the continent, joining the UK, France, Portugal, Italy and today’s opening of Spain.
“Additionally, Panama has long boasted a vibrant real estate market with attractive opportunities for foreign investment, and Japan has one of the strongest real estate markets in the world in terms of transaction volume. We are very confident in the growth potential of each of these countries,” concluded Valdes.
In addition to its headquarters in the U.S., eXp Realty has brokerage operations in Canada, United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong and Colombia.
Renata Sujto will lead operations for eXp Spain, where she has a strong presence in the Spanish real estate community. She has deep ties in the global real estate market with experience launching real estate and tech products internationally.
“The level of excitement we are receiving from agents demonstrates how innovative and entrepreneurial Spanish agents are, and they have become even more so after the pandemic. It is incredibly exciting to offer our solution to such an interesting body of professionals,” said Sujto.
Spain is the second country in eXp Global’s plans to expand in the second quarter of 2021. The first was Colombia.
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