Bayut owner raises $50 Million U.S.
Emerging Markets Property Group, Bayut.com's parent company, has raised $50 million U.S. as part of a larger fundraising round to boost future acquisitions.
Real Estate
EMoov anticipates 50 percent revenue growth
Britain's second-largest hybrid real estate agency, EMoov.co.uk, is anticipating 50 percent revenue growth. The company's current annualized revenue is £8 million ($10.2 million U.S.) and should hit £12-13 million for the financial year ending April 2019.
U.S. files discrimination case against Facebook in housing
The U.S. government Friday filed a housing-discrimination complaint against Facebook, charging it with permitting ads targeted by race, religion and other prohibited practices.
GPlus Media ties up with AirBnB
GPlus Media, operator of foreigner-focused real estate and jobs sites in Japan, is collaborating with U.S.-based short-term rental site Airbnb to promote short-term accommodations.
Kijiji Canada appoints three key executives
Kijiji Canada has named three top leaders to key posts to support its growth plans. Will Harris is national head of sales for autos. Rohit (Bobby) Jaitley is national head of dealer groups and Robert Karbaum is head of business development.
Housing.com doubles revenues in FY18
Housing.com has doubled its revenues in FY18. The Indian real estate vertical is backed by NewsCorp and operates under its real estate wing PropTiger.
REA Group’s EGM of media to depart
Libby Minogue, the executive general manager of media at REA Group, will depart the company in September.
NPC rolls out premium plus listing
Nigeria Property Centre (NPC) has launched a new product, called Premium Plus listing, to help agents generate leads faster.
Neil Tavender joins PurpleBricks Australia as COO
Former RightMove executive Neil Tavender has been recruited to get PurpleBricks Australia back on track. This follows an exodus of sales agents and allegations of a toxic work culture, U.K. real estate site The Navigator reports.
Domain: Listing woes “cause for concern”
Property site Domain is back to playing catch up in Melbourne, Australia’s second-largest city --- and property market --- after revealing it lost market share due to weak listings growth and uptake of depth products.