The Asian real estate technology company Juwai IQI has reportedly seen its 2019 transaction volumes double in 2020 with 9,000 sales and 8,000 rental operations completing in the pandemic-hit year. The company, which markets properties around the world to a largely Chinese buyer pool, also achieved 75% growth in the value of property transacted in the last 12 months with the figure for 2020 sitting at $US 4 trillion according to today’s press release.
Commenting on the success, Juwai IQI Group Co-Founder and Executive Chairman Georg Chmiel said: “The year 2020 was challenging in so many ways. Success for global real estate technology companies like ours depended on three factors: marketing and transacting digitally, continuing agent recruitment and training, and continuing to expand internationally despite travel bans.”
Juwai IQI expanded to six new national markets over the course of last year as well as launching a dedicated new portal site for home hunters from Southeast Asia to find property and buying out one of the largest agency groups in Malaysia. The group now counts over 15,000 agents as part of its IQI network and expects growth to continue in 2021 with Asian markets leading the way.