SANTA CLARA, Calif.,
July 28, 2016 /PRNewswire/ --
Realtor.com®, a leading online real estate destination operated by
News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary
Move, Inc., today announced the expansion of
realtor.com/international as part of a newly formed News Corp
global property network. Created by News Corp, REA Group [ASX: REA]
and Move, the global property network is the world's largest global
real estate listing community, offering more than three million
listings from 56 countries.
The network consists of 12 leading international real estate
sites, attracting more than 200 million visits globally each
month.
Users
of realtor.com® and realtor.com/international already
have access to both the most comprehensive inventory of
for-sale real estate listings in the
United States -- with approximately 1.5 million for-sale
U.S. listings -- and international properties from 45 countries in
multiple languages and local currencies. The network further
expands the global footprint to 56 countries on
realtor.com/international with plans to showcase listings from
sites in Australia, France, Germany, Hong
Kong, Indonesia,
Italy, Luxembourg, Macau, Malaysia, Singapore and Thailand as well as News Corp's Mansion Global
and India-based PropTiger.
"This is an important step forward in the evolution of real
estate. We're part of a global community of international property
sites that enable people to search with confidence for real estate
properties and information all around the world," said Ryan O'Hara, CEO of Move. "As the U.S.'s largest
and most comprehensive source of for-sale listings, we are
delighted to be a formative part of this new global collective as
we expand our unmatched access through technological innovation and
enhanced cooperation across borders."
Robert Thomson, chief executive
of News Corp said: "The global property network being launched
today demonstrates the power of combining data across the News Corp
digital real estate portfolio, and provides further evidence that
News Corp is the largest digital property business in the
world.
"By combining the listings - and the talent - of REA Group,
realtor.com®, and other partner sites, we are creating an
opportunity to enhance listings for consumers and customers around
the world, while enabling collaboration with News Corp's existing
stable of real estate businesses and partners, including
Mansion Global and PropTiger. With more global properties than
any other source, it's a capability that no competitor can
match. We are creating a whole new world of
property for consumers, and premium audiences on a global
scale for advertisers," Thomson said.
With interest in foreign investment on the rise around the
world, providing a common search experience across borders is a
significant advantage for U.S. home searchers looking to invest
abroad. Globetrotting U.S. consumers might be looking to
Paris, Hong Kong or Melbourne for an opportunity, and this global
property network enables them to view and compare more properties
more easily using realtor.com/international. International
searchers can enjoy a familiar search experience for global
properties based on their location, including international market
top searches. For many of the markets in the global property
network, this represents the first time consumers can explore
properties all over the world, starting from a site they know and
trust.
Putting the technology and relationships in place to connect
buyers, agents and properties is an important leap, but working
with a member of the National Association of REALTORS® (NAR) –
particularly one certified in international transactions – is just
as critical. Real estate processes and protocols differ
widely across borders, from parameters as simple as bedroom count
vs. total room count, to as complex as representation, financing,
ownership and international taxation. Realtor.com® has worked
closely with the NAR over the past several years to advance
professional resources that help agents become conversant in
international property transactions.
"As the largest and most established international player in the
global property network, the National Association of REALTORS® is
focused on expanding international real estate business
opportunities and bringing more buyers and sellers together across
continents," said NAR President Tom
Salomone. "The enhanced realtor.com/international website
together with NAR's network of Certified International Property
Specialist designees will enable more consumers to take advantage
of globalization's powerful impact on real estate markets and
successfully sell their home to an international buyer or purchase
a property abroad."
The full international property inventory is now available on
realtor.com/international, in a new user experience accessed
through the beta button on the site. Additional features and
enhancements are planned for the months ahead, and the integration
of U.S. listing content into the beta site is planned for this
winter.
About realtor.com®
Realtor.com® is the trusted resource for home buyers,
sellers and dreamers, offering the most comprehensive database of
for-sale properties, among competing national sites, and the
information, tools and professional expertise to help people move
confidently through every step of their home journey. As the
official site of the National Association of REALTORS®,
realtor.com® pioneered the world of digital real estate 20 years
ago, and today helps make all things home simple, efficient and
enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS,
NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information,
visit realtor.com®.
About REA Group
REA Group Limited (ASX:REA) is a multinational digital
advertising business specializing in property. REA operates
Australia's leading residential
and commercial property websites, realestate.com.au and
realcommercial.com.au, European sites casa.it, atHome.lu and
immoRegion.fr, Chinese property site myfun.com and a number of
property portals in Asia via its
ownership of iProperty Group. REA also has a significant
shareholding in U.S-based Move, Inc.
Forward-Looking Statements
This document contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's views and
assumptions regarding future events and business performance as of
the time the statements are made. Actual results may differ
materially from these expectations due to changes in global
economic, business, competitive market and regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in News Corp's
filings with the Securities and Exchange Commission. The
"forward-looking statements" included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any "forward-looking statements" to
reflect subsequent events or circumstances, except as required by
law.
Media Contact:
Realtor.com® – Christie Farrell – 408-558-7115 –
Christie.farrell@move.com
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SOURCE realtor.com