eXp Realty Ignites Global Expansion: Türkiye, Peru, and Egypt Set To Join in 2025
28 Oktober 2024 - 6:00PM
eXp Realty®, the largest independent global real estate brokerage
on the planet and a core subsidiary of eXp World Holdings, Inc.
(Nasdaq: EXPI), is thrilled to announce its expansion into three
vibrant markets — Türkiye, Peru, and Egypt, set for 2025. In a bold
move to strengthen its global footprint, eXp Realty is bringing its
agent-centric model and innovative cloud-based platform to some of
the world’s most dynamic real estate markets.
Once this expansion is complete, eXp Realty will operate in 27
countries, empowering thousands of agents across the globe with its
unique value propositions. The model is designed for success in
both residential and commercial real estate, and underscores eXp’s
unwavering commitment to equip its agents with the tools and
platform they need to thrive in real estate’s evolving
landscape.
“Our expansion into Türkiye, Peru, and Egypt is a testament to
our relentless drive for innovation and our commitment to
empowering agents around the world,” said Glenn Sanford, Founder
and CEO of eXp World Holdings. “These markets are buzzing with
potential, and we’re excited to introduce our cloud-based model and
agent-first approach to real estate professionals who are eager to
elevate their careers and unlock new opportunities. The future of
real estate is here, and we’re just getting started.”
Türkiye, a critical hub bridging Europe and Asia, is home to a
resilient and rapidly evolving real estate market, bolstered by
strong domestic demand and increasing foreign investment,
particularly in bustling cities like Istanbul. In Peru, the
property market is thriving thanks to a booming economy and urban
expansion, attracting global investors seeking opportunities in
Lima and other emerging areas. Egypt, with its rich history and
rapidly modernizing real estate landscape, offers unparalleled
investment prospects, especially in Cairo — one of Africa’s largest
and fastest-growing cities.
Felix Bravo, VP of International Growth, emphasized, “These
markets hold tremendous potential. Türkiye’s unique position as a
gateway between Europe and Asia, Peru’s vibrant economic growth,
and Egypt’s rapid real estate development make them ideal for our
agent-first model. We’re excited to empower agents in these regions
to expand their businesses, backed by eXp’s cutting-edge platform
and unparalleled support.”
eXp Realty’s global expansion is driven by its agile,
cloud-based platform, empowering agents with an unmatched
commission structure, cutting-edge collaborative tools, and the
unique opportunity to earn equity through their sales and growth.
As 2025 approaches, eXp remains dedicated to supporting agents
worldwide with the innovation and resources needed to thrive in any
market, while continuing to broaden its global reach.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company
for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate company in the
world with more than 87,000 agents in the United States, Canada,
the United Kingdom, Australia, South Africa, India, Mexico,
Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia,
Spain, Israel, Panama, Germany, Dominican Republic, Greece, New
Zealand, Chile, Poland and Dubai and continues to scale
internationally. As a publicly traded company, eXp World Holdings
provides real estate professionals the unique opportunity to earn
equity awards for production goals and contributions to overall
company growth. eXp World Holdings and its businesses offer a full
suite of brokerage and real estate tech solutions, including its
innovative residential and commercial brokerage model, professional
services, collaborative tools and personal development. The
cloud-based brokerage is powered by Virbela, an immersive 3D
platform that is deeply social and collaborative, enabling agents
to be more connected and productive. SUCCESS® Enterprises, anchored
by SUCCESS® magazine and its related media properties, was
established in 1897 and is a leading personal and professional
development brand and publication.
For more information, visit https://expworldholdings.com.
Safe Harbor Statement
The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management’s current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. Such forward-looking statements speak
only as of the date hereof, and the company undertakes no
obligation to revise or update them. These statements include, but
are not limited to, statements about the continued growth of our
agent and broker base and expansion of our residential real estate
brokerage business into foreign markets. Such statements are not
guarantees of future performance. Important factors that may cause
actual results to differ materially and adversely from those
expressed in forward-looking statements include changes in market
conditions; the difficulty of getting operationalized in foreign
countries, including any changing regulations or laws; and other
risks detailed from time to time in the company’s Securities and
Exchange Commission filings, including but not limited to the most
recently filed Quarterly Report on Form 10-Q and Annual Report on
Form 10-K.
Media Relations Contact:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com
Investor Relations Contact:
Denise Garcia
investors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd692dc5-9fb9-4747-a391-19ed264ec98a
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