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eXp Realty heads to New Zealand

Cloud-based brokerage eXp Realty is continuing its rapid worldwide growth by expanding its real estate operations into New Zealand, the Dominican Republic, and Greece in the first quarter of 2022.

President of eXp Global, Michael Valdes, said moving into New Zealand would complement the group’s Australian operations.

“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,” Mr Valdes said.

Over the past 12 months, eXp has continued to gain worldwide market share and now boasts over 72,000 agents around the world.

eXp Realty provides agencies and agents with the ability to move away from bricks and mortar offices in favour of a 3D, fully-immersive, cloud office environment called eXp World.

eXp World provides agents access to collaborative tools, training and the ability to connect 24 hours a day, seven days a week.

Mr Valdes said by expanding into New Zealand, the Dominican Republic, and Greece, the company would solidify its strategic footprint across Europe, Middle East, and Africa (EMEA), Central America and Latin America (CALA), and Asia Pacific (APAC) regions.

“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,” he said. 

“Greece is a vibrant market with strong economic projections driven by tourism, excellent foreign investment opportunities, and the Greece 2.0 recovery fund.

“The country is a key component to our growth on the continent, joining the United Kingdom, France, Portugal, Italy, Spain, and Germany.”

In 2021, eXp started operating in Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, and Germany and grew revenue by 97 per cent to a record $1.1 billion in the third quarter of 2021.

By March 2022, eXp Realty expects to have a presence in 21 countries, including its headquarters in the United States.

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Rowan Crosby

Rowan Crosby is a freelance journalist specialising in finance and real estate.