Zillow real estate website partners with China's Leju

Home in Los Angeles County in California Zillow's partnership with Leju will help serve the growing number of Chinese buyers looking to invest in US property, especially in California

Related Stories

US online property site Zillow Inc has announced a partnership with Chinese real estate portal Beijing Yisheng Leju Information Services (Leju).

Zillow's site helps users find information about homes and mortgages and connects homeowners with agents.

The partnership with Leju will give Chinese investors access to home search information in the US.

Chinese home buyers have been increasingly looking to the US as prices soar at home.

Seattle-based Zillow said in a statement that Chinese investors made up 18% of the $68.2bn (£40.9bn) of foreign money spent on homes in the US during the 12 months ending in March 2013.

The firm said that Chinese buyers spent an average of $425,000 on a home in the US and that 69% of those purchases were reported as all-cash investments.

New York City and Los Angeles in the US are particularly popular destinations for Chinese buyers.

China access

Leju's partnership with Zillow will give its users in China access to US home listings, housing data and other local real estate market information.

"We're excited to announce this exclusive partnership with Leju," Zillow's chief industry development officer Errol Samuelson said.

"Brokers and agents with listings on Zillow are now able to reach Chinese home shoppers who are ready to invest in the US market, with no additional cost or effort," he added.

The new site will be co-branded and is set to be up and running by the middle of 2014. It will be translated into Chinese and operated by Zillow.

The international partnership is a first for the US firm. The financial details of the deal were not disclosed.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Business Live

    06:16: Markets Radio 5 live

    Brenda Kelly from IG is Wake Up to Money's markets guest. They are talking about the falling oil prices. "A lot of it is down to a glut of supply and Saudi Arabia wants to keep market share," she says. Saudi's breakeven price is only a few dollars per barrel.

    06:10: Christmas spending Radio 5 live

    Mark Barnett, UK & Ireland president of Mastercard, is on Wake Up to Money, talking about Christmas shopping habits. What else? People have returned to luxury goods, he said. Holidays and furniture are down a little bit though.

    06:04: Hacking 2.0
    Kim Jong

    The global cyberwar that dominated headlines last week shows no signs of abating. Hackers have infiltrated South Korea's nuclear power provider, and posted schematics of nuclear reactors and private personal records online. It's not clear whether the same group that attacked Sony Pictures is responsible.

    06:00: Howard Mustoe Business reporter

    Morning! Get in touch. Tell us what you think. Email bizlivepage@bbc.co.uk or on Twitter @BBCBusiness

    06:00: Joe Miller Business Reporter

    Good morning, and festive greetings all round. In a week when the business world is winding down for Christmas, we'll bring you all the news that's sneaking in the back door, and much more besides.



BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.