(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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.