(To read more on the multifamily market, click here.)

MIAMI-US Condo Exchange LLC, a condominium website, has entered into a strategic alliance with ImmobilienScout24, a German website. James Haft, US Condo Exchange’s CEO and co-founder, tells GlobeSt.com that the alliance is part of the group’s efforts to create a global multiple listing service for condominiums. “We look at real estate as local supply and global demand,” Haft says.

Under the agreement, listings from the exchange at www.uscondex.com will be featured on www.ImmobilienScout24.de, Germany’s largest real estate website. The Condo Exchange website has about 60,000 listings, 45,000 of which are located in Florida. Germans, like other Europeans, view vacation markets such as Florida as great purchase opportunities due to the exchange rate and other factors, Haft explains. “They like American culture, they like American shopping,” Haft says. “With the exchange rate, it’s relatively less expensive to purchase here than in Europe.”

ImmobilienScout24 means “PropertyScout24″ in English. The Berlin-based website has two million visitors and more than 400 million page impressions each month. It contains more than 700,000 listings. “Germans are significant buyers of holiday homes in the US and through our alliance with US Condo Exchange, we can now facilitate their transactions from beginning to end. The alliance is also in line with our goal of creating a transparent real estate marketplace,” says CEO and co-founder of ImmobilienScout24 Arndt Kwiatkowski in a prepared statement.

As part of its efforts to globalize its site, Condo Exchange has struck a similar deal with Primelocation’s website. It is the United Kingdom’s leading real estate website. The company has similar arrangements in Ireland, Italy and Spain.

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