eXp World Holdings, Inc., the holding company for eXp Realty, has expanded into Colombia and will operate under the banner of eXp Colombia. Expansion operations are being led by Michael Valdes, President of eXp Global, and brokerage operations will be led by Santiago Carrizosa, Managing Broker, eXp Colombia.
“The response to our announcement to launch in Colombia has been overwhelming,” Valdes said. “With a history of strong housing price growth, a strong focus on digital infrastructure and a culture of entrepreneurship, we see incredible opportunity in Colombia. We are excited to continue changing lives through our unique model and company culture.”
With this market launch, eXp Realty now operates in 14 countries and territories, with the expectations of opening Spain and Israel later this year.
“Colombia has a stable real estate market and international buyers have begun to see great opportunities for investment in the country,” said Carrizosa. “However, there remains a tremendous need for the implementation of efficient tools and models in the real estate sector. With the opening of eXp Colombia, we are looking to transform the way we sell and buy real estate, breaking down barriers and obsolete models.”