Belbex finalises its integration with CoStar Group

Belbex, the leading information platform specialised in outsourcing for real estate businesses and professionals, operating in Spain since 2010, has been acquired by the multinational CoStar Group, a technological company specialised in the sector. 

The period of integration lasted throughout 2016, coming to an end in the last term of this same year

Its specialisation and added value is based on bringing together all available information – both in sales and rentals – areas, descriptions, photographs and the characteristics of exclusive properties in offices, shops, warehouses and development land.

One of the main distinguishing features of Belbex is the quality of its information, obtained and analysed by their own research team, the biggest at national level within the real estate market. This very team have discovered more than 25,000 available properties in the last sweep carried out in the Community of Madrid, during the last three months. Belbex also offers a large variety of tools for real estate marketing for owners, with the aim of making the market more dynamic.

Among its clients are large consultants, property owners, real estate funds, developers, socimis and firms belonging to IBEX 35, which use the tools to identify availability, for market analysis and to market their real estate assets.

CoStar Group is a technological company quoted on the NASDAQ index, with a capitalisation of 6,900 million dollars.  In addition, it is eleventh on the Forbes list of companies with the greatest growth potential in innovation; it is the first listed company on the index to enter the Spanish real estate market and the best provider of real estate information in the world.