eXp Realty®

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eXp Continues Global Expansion With Three New International Locations Planned in First Quarter of 2022

eXp Realty to Establish Real Estate Brokerage Operations in the Dominican Republic, Greece and New Zealand
eXp Realty to Establish Real Estate Brokerage Operations in the Dominican Republic, Greece and New Zealand

eXp Realty

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BELLINGHAM, Wash., Jan. 20, 2022 (GLOBE NEWSWIRE) — eXp Realty®, the fastest-growing global real estate brokerage in the world and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced plans to expand its real estate operations into the Dominican Republic, Greece and New Zealand in the first quarter of 2022.

This announcement follows successful launches of nine new markets in 2021, including Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany. By the end of the first quarter of 2022, eXp Realty expects to have a presence in 21 countries, including its headquarters in the United States.

Throughout the past year, eXp continued to gain global market share. eXp Realty has over 72,000 agents globally and grew revenue by 97% to a record $1.1 billion in the third quarter of 2021.

“We’ve continued to expand globally at a steadfast pace,” said Michael Valdes, President of eXp Global. “There continues to be high demand for what eXp brings to the international real estate market. With the addition of the Dominican Republic, Greece and New Zealand, we continue to solidify our strategic footprint across the EMEA, CALA and APAC regions. The Dominican Republic has, in the last three decades, experienced a period of remarkable economic growth, leading all countries in the Caribbean and Latin America region. Greece is a vibrant market with strong economic projections driven by tourism, excellent foreign investment opportunities, and the Greece 2.0 recovery fund. The country is a key component to our growth on the continent, joining the UK, France, Portugal, Italy, Spain and Germany.

“Additionally, New Zealand boasts a property market with extremely high demand and benefits from the close connection to Australia, where eXp already has a strong market presence.”

As part of the expansion into the new markets, eXp will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services.

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About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the fastest-growing real estate tech company in the world with more than 72,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

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