The iProperty Group, serving the real estate industry, opened the door for property seekers to tap into the world’s property market, with the launch of a global property network. Currently, iProperty operates a range of market-leading sites throughout Southeast Asia, including iproperty.com.my, GoHome.com.hk, Rumah123.com and iproperty.com.sg.
The new experience allows consumers to search for international properties from 56 countries across Europe, the Americas and the Asia Pacific region. The global listings experience will feature on the iProperty Group’s core sites in Malaysia, Hong Kong, Indonesia and Singapore.
Parent company REA Group’s chief operating officer – International, Arthur Charlaftis said: “Owning property continues to be a dream for many people and the iProperty Group has opened up opportunities for property seekers. Through iProperty’s recent Asia Property Market Sentiment survey for H1 2016, we know that there is a strong appetite for overseas property investment in the Asian market, with key destinations including Australia, the United Kingdom and even New Zealand.”
“This new global property network also creates opportunities for developers and agents who will now be able to show their listings to property buyers and investors on the other side of the world,” Charlaftis said.
The survey also revealed that interest in purchasing properties overseas remained high, with many respondents citing migration, favourable currency rates and economic slowdown as key factors driving this trend.
Nerida Conisbee, REA Group chief economist said: “There is little doubt the global property market is becoming more accessible and people are continually open to the concept of offshore investments. Not everyone is going to be able or is interested in purchasing property overseas, however it’s fascinating to see what is selling around the world. With this platform consumers can now see how local market property values compare to other parts of the world.”