CoStar Group Invests in Wikicasa, Italy’s Agent-Backed Real Estate Marketplace
Transaction will result in an approximately 30% stake in the company and support innovation and digital transformation in the Italian real estate market
CoStar Group, Inc. (NASDAQ: CSGP), a global leader in online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, today announced an investment in Wikicasa, Italy’s agent-backed real estate marketplace. The transaction will result in CoStar Group acquiring an approximately 30% stake in Wikicasa. Wikicasa’s shareholder base includes Italy’s leading real estate agencies - including Tecnocasa Group, Gabetti Group, RE/MAX Italy, and Tempocasa.
Wikicasa.it is an agent-driven platform that brings together leading real estate professionals across Italy to deliver a high-quality, data-rich marketplace of over 600,000 listings, more than 100,000 of which are commercial. It provides consumers with comprehensive property listings while equipping agents with modern data and intelligence tools to market properties and connect with buyers, sellers, landlords and tenants.
CoStar Group operates some of the world’s leading online residential and commercial real estate marketplaces, including Homes.com and Apartments.com in the United States, Domain in Australia, OnTheMarket in the United Kingdom, and LoopNet, the most trafficked commercial real estate marketplace globally. Through these platforms, CoStar Group has demonstrated a consistent ability to build scale, increase transparency, and drive efficiency across property markets worldwide.
