Press

Begins Providing Real Estate and Housing Information in Germany

2017.04.04

LIFULL Co., Ltd. (“LIFULL”) (previous company name: NEXT Co., Ltd.; headquarters: Chiyoda-ku, Tokyo; President and CEO: Takashi Inoue; TSE First Section: 2120) that provides housing life information services including LIFULL HOME’S, the real estate and housing information site with the largest property listings, has recently begun offering services through LIFULL Immofinder, a website that provides real estate and housing information in the Federal Republic of Germany (hereinafter “Germany”). LIFULL Immofinder is an information service that enables searches and inquiries in German for information on properties to sell, purchase and rent in Germany.

LIFULL Immofinder (PC and smartphone)
https://www.lifull-immofinder.de/

■Overview of LIFULL Immofinder
LIFULL Immofinder is a real estate information service that provides those who are considering purchasing or residing in properties in and out of Germany with information about those available to sell, purchase and rent, which is gathered from real estate business operators in Germany. Users who visit the site are able to easily search for properties by selecting the area in which they want to live and other desired conditions and make an inquiry to real estate companies that deal with such properties. Initially, it will provide information on properties mainly in major cities in Germany, such as Berlin and Munich, and aim to provide information on 20,000 properties in Germany by the end of 2017.

■Strategies for overseas operations and the background of business development for the LIFULL Group in Germany
With the aim of becoming the best life-event database and solution company in the world, the LIFULL Group is working to provide users in need of information with optimum service through multiple devices by accumulating, organizing and integrating the enormous volume of information flooding in from around the world. In its mainstay Real Estate Information Services business, the Group is currently developing business in Indonesia and Australia, aiming to provide a comprehensive information site that is available in multiple languages by consolidating global real estate information. In addition, the number of countries where Trovit Search, S.L. that operates Trovit, one of the world’s largest aggregation sites, and that was converted into a consolidated subsidiary of LIFULL in November 2014, provides its services has increased to 53 countries (as of April 2017). Currently, the Group provides LIFULL Immofinder as an initiative to develop its services in a new country.

In Germany, the real estate market has been buoyant in recent years backed by low interest rates for housing loans, and the price of residential properties has risen by more than 20% in the past 10 years, mainly in urban areas where the price was attractive compared with other major cities worldwide. The real estate market in Germany, with the largest economy in Europe, is expected to grow stably in the years ahead, given that real estate investments by institutional investors continue to increase, in addition to the purchase of houses by individuals. The Group will seek to generate early income from LIFULL Immofinder, taking advantage of the increase in needs and the expertise it has fostered with LIFULL HOME’S, one of the largest real estate and housing information sites in Japan.
LIFULL will continue to strengthen its global business development to build a framework for moving homes seamlessly around the world by expanding services in the countries where the Company has already advanced and by promoting the cultivation of new countries to develop its business.

 

The LIFULL Group will provide housing life information services that will fill the lives of more people with comfort and happiness based on its corporate message of making every LIFE FULL.