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Online agent plans international expansion

Online agent 99home is planning to go international.

The brand, which lets sellers pay to list their property on the major portals on a monthly or three-monthly basis, has announced it will be launching services to British, European, and South East Asian vendors where they can sell their home and timeshare or fractional ownership of their property.

Vendors will be able to accept, reject or negotiate an offer online by using 99home’s free negotiation assistant to communicate with buyers. 

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International commercial property landlords and sellers will be able to use 99home service on the commercial agent's section as well.

Vijay Vashistha, chief executive of 99home, said the firm has developed a network of local agents in European countries such as Spain, Portugal, Greece, and Italy as well as South Asian countries such as Thailand, India, and Sri Lanka. 

He said: “People are moving or investing globally faster than ever before and 99home is positioning itself to take full advantage of this fact. 

“At this point, we have set up partnerships with a few UK and European based property marketing portals but going forward we will be partnered with a lot more global property listing portals. 

“Currently, the biggest problem for property sellers is the hefty price and tie-ins when they list a property on other portals whereas 99home allows you to market properties at an affordable price and with no tie-ins.”

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    Now where have we seen international plans executed before leading to a retreat not long after?

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