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ICREA and SecondSpace Partner to Create a Global Platform for International Real Estate

October 8, 2008
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The International Consortium of Real Estate Associations (ICREA), the global alliance of real estate associations, and SecondSpace, Inc., the leading online marketplace for second homes and recreational retreats, today announced a multi-year technology and marketing partnership.

“Globalization has had an immediate and powerful impact on real estate markets, attracting the attention of real estate professionals worldwide. Many practitioners with a local focus are looking to expand their businesses into the international sphere, and are turning to their real estate associations for advice and assistance,” said Thijs Stoffer, CEO of ICREA. “Our partnership with SecondSpace gives our members representing resort developers access to millions of potential buyers from around the world who are in search of their dream second home and provide a comprehensive Internet marketing offering to showcase properties across the Web.”

The partnership will provide international resort developers with unprecedented access to global real estate professionals and consumers to market their developments. ICREA will provide access to its 2.5 million agent members from 30 countries while SecondSpace will provide exposure to millions of buyers from around the world through its flagship sites, ResortScape.com, LandWatch.com as well as its network of more than 50 international and co-branded online properties sites. In the first phase of the partnership, SecondSpace will power the next generation of ICREA’s Global New Homes & Resorts (GNHR) portal at www.worldproperties.com.

“For just over six years, ICREA has established itself as the most comprehensive resource for agents, brokers and developers from around the world,” said Satbir Khanuja, president and CEO of SecondSpace. “By providing ICREA with access to our global distribution and technology platform, we will enable its members from more than 30 countries to reach new buyers from around the globe.”

All ICREA agent and broker members representing resort developers who wish to feature their developments on the new GNHR portal can contact GNHR@worldproperties.com for details and pricing information.

About ICREA

The International Consortium of Real Estate Associations (ICREA) is an alliance whose members are leading national real estate organizations in the world’s major markets. Through a multilateral agreement and specific business practice protocols, this alliance provides significant benefits not only to its constituent members who seek to do transnational business but to its domestic constituents as well. ICREA’s primary objective is to assist members of the respective organizations in efficiently and profitably facilitating transnational business, including through a Transnational Referral System a Distinctive Properties Advertising service and the Global New Homes & Resorts Portal.

About SecondSpace

SecondSpace, Inc. (http://www.SecondSpace.com) is an online services company operating a network of highly immersive Web sites that enable people to make the most of the “second home” lifestyle. The company’s sites include ResortScape.com (http://www.ResortScape.com), LandWatch.com (http://www.LandWatch.com), and a fast-growing network of international and co-branded sites that connect out-of-region buyers with knowledgeable professionals who have a local presence in thousands of rural and resort communities across the Americas and around the world. SecondSpace’s sites are powered by the company’s innovative, patent-pending Lifestyle Search & Discovery(TM) platform. The company is headquartered in Bellevue, WA, USA and led by a team of internet veterans with backgrounds from Amazon.com, Microsoft, Google, Expedia, RealNetworks, IMDb, Trendwest and other leading companies.

 Media Contacts:  For ICREA: Thijs Stoffer 415 373 7964 Email Contact Carol Weinrich 312 320 8820 Email Contact  For SecondSpace, Inc.: Illuminate Public Relations Minou Nguyen (206) 779-4559 Email Contact Steve Stratz (206) 300-9134 Email Contact

SOURCE: SecondSpace