Miami-based Global Listings Acquires International Publication The World Property Journal

Miami-based Global Listings, a real estate portal that hosts international listings, has acquired The World Property Journey—an international publication—with the intention of creating the number one terminal for global property industry news.

As part of the acquisition, The World Property Journal will provide correlated localized real estate news and market data against every listing on Global Listings' platform independent of its listing category or location.

Global Listings currently hosts nearly 3M residential, commercial and vacation listings in 111 countries, with significant coverage across the United States and Latin America, Europe, the Middle East, Australasia, and parts of Asia and Africa.

The World Property Journal, meanwhile, is currently the #1 ranked international real estate news site in the world by Google. The publication hosts news stories and columns for residential and commercial property worldwide.

Both businesses were founded by real estate technology entrepreneur Michael Gerrity, who owns multiple property technology companies. He founded the World Property Journal in 2010 and Global Listings in 2016, where he sits as CEO.

Gerrity said:

“We are extremely excited to announce the merging of the world's top-ranked international real estate news site with Global Listings search platform, one of the largest international real estate listings sites in the world.

“By combining both companies' real estate listings, correlated local real estate market news and industry data on a single screen in the coming year, we are in effect building the future digital 'Bloomberg Terminal' for the growing informational needs of a global property industry with an addressable market value in excess of $300 trillion.

“As the real estate industry goes fully digital in the coming decade, the integration of these two companies' listings, news and data capabilities will provide a consolidated 'information backbone' for the property industry to leverage on a global scale—a capability that does not exist today.

“This merger represents an equation of 2 + 2 = 5."

Global Listings charges an average $1 a day for a listing to be published on its portal, including properties for sale, rent, and exchange.

The firm is by no means the only international real estate marketplace. Businesses including List Globally, MLS Worldwide and International MLS all sell and rent international properties in multiple languages, either on their own dedicated portal or via portal partnerships across borders.