Lifull Connect, the global marketplace operator, has acquired Latin America-focused real estate platform Properati from OLX Group for an undisclosed sum, the company announced this week. This is the second time Properati was sold; OLX Group bought it in 2018. And it was the second major transaction involving Latin American property sites in two weeks.

The Properati acquisition will boost Lifull’s existing presence in the region. It already operates in real estate through ICasas in Argentina, Chile, Costa Rica, Ecuador, Mexico and Panama, PuntoPropriedad in Colombia, ImoCasa in Brazil, and LaEncontré in Peru.

Additionally, Lifull Connect operates aggregators Mitula, Nuroa, Nestoria and Trovit in Latin America and worldwide.

“The real estate industry in Latin America is at a crucial phase in which it is producing a massive digital transformation,” said Mauricio Silber, CEO at Lifull Connect.

Lifull’s acquisition of Properati from OLX Group comes just after Brazilian-based real estate marketplace QuintoAndar bought the real estate assets of Navent in Latin America.

Lifull Connect said the company’s combined reach in Latin America will now reach 30 million monthly visits, including Properati’s sites in Argentina and Uruguay.

Related Articles