Scout24 Acquires Fotocasa and Habitaclia for €153M

The German portal operator Scout24 has announced the acquisition of the Spanish challenger real estate marketplace Fotocasa, just months after Fotocasa was acquired by private equity firm EQT.

The acquisition also includes the challenger portal Habitaclia, at a combined cost of €153 million. Scout24 will fund the acquisition through cash and existing credit facilities.

Scout24 can now rightly call itself one of the largest real estate marketplace operators in Europe, boasting market share in Germany, Austria and now Spain, serving approximately 40,000 B2B customers and 28 million monthly unique visitors across its platforms.

The company said:

The transaction strengthens Scout24’s position across three key dimensions: (i) scaling product and technology leadership, (ii) opening doors for Spanish and German agents into respective real estate markets, while giving Spanish and German seekers curated listings and local insights, and (iii) expanding data leadership by combining Fotocasa and Habitaclia data with Scout24’s existing content.

The transaction is subject to customary regulatory approvals and the prior completion of EQT’s acquisition of Adevinta Spain, with closing expected within the next six months.

EQT Partners—still a minority shareholder in idealista and currently the major shareholder in Singapore's PropertyGuru Group—agreed to acquire the businesses from Adevinta in July.

At the time of the announcement, the deal was expected to close at the start of 2026. But the Fotocasa ownership merry-go-round has now accelerated to the point where Adevinta's owners, Permira and Blackstone, will effectively sell Fotocasa directly to Scout24 with EQT as a middleman. EQT's previous purchase agreement did not specify a purchase price.

The deal marks the start of a new era in the Spanish real estate marketplace scene, historically dominated by domestic leader idealista, with three major European countries now taking a stake in Spain. Italy's Immobiliare already owns Pisos.com.

Ralf Weitz, CEO at Scout24, said:

"We’ve successfully scaled online classifieds businesses and built market-leading customer experience. We’re confident in applying this playbook to unlock Fotocasa’s and Habitaclia’s significant potential and take the platforms to the next digitalisation level."

Fotocasa is the number two portal in Spain, lagging behind the dominant idealista and ahead of Immobiliare's Pisos.com.

Founded in 1999, Fotocasa is headquartered in Barcelona and offers services including property listings, online valuations, mortgage advisory services, and professional tools for real estate agents.

Habitaclia, founded in 2001, is focused on the Mediterranean coastal regions, including Catalonia and the Balearics—areas particularly popular with international buyers.

Scout24 operates the market-leading portal in Germany and Austria (ImmoScout24), with revenues hitting €161 million in Q2 2025.

The group has successfully monetised consumers and agents in Germany, charging subscription fees for packages and seeing a continued uptick in growth across both segments, including over half a million landlords and tenants on its books.

The Group was recently added to the DAX Index, tracking Germany's 40 most valuable public companies. Scout24 will debut next Monday, 22 September, with a market capitalisation of circa €8.27 billion.