Asian end-to-end real estate transaction marketplace Juwai IQI has announced that it has completed 22,000 property transactions in the first three quarters of 2021, a figure which represents a 117% increase in the value of property transacted over the same period last year.
Using a network of both salaried and affiliate agents across the world, Juwai IQI provides an end-to-end marketing solution for property marketers and a marketplace for investment property to both Chinese and international buyers. The company transacted over 17,000 properties last year, has an agent network 23,000 strong and turned profitable and cash flow positive in July 2021.
Although it markets real estate from 111 countries, Juwai IQI is strongest in Southeast Asia where the Covid-19 pandemic has restricted market activity of late. The company's co-founder and Executive Chairman Georg Chmiel was especially pleased with the results given the circumstances:
"These new results show that we continue to accelerate our rapid growth despite COVID... Our increasing success is further evidence that the Juwai IQI model is ideally suited to the times."
Since it was formed through the merger of Juwai and Malaysia-based IQI in 2019, the company has been on a mission to simplify how people transact and to create global citizens of Chinese investment buyers. The firm launched its Juwai.asia portal for non Chinese Asian investors in 2020 as it brings its model to a wider audience.
"We are gradually replacing classifieds portals and traditional agency models. Our new model integrates our super-app, our IQI Global agent network, and the online property marketplaces, Juwai.com and Juwai.asia. This gives real estate marketers an end-to-end marketing and sales solution."
Watch Georg Chmiel explain the opportunities created by the COVID crisis for global growth from our virtual Property Portal Watch conference last year.