Zillow powers us property listings for chinese site

Chinese buyers spent more than $11 billion on U.S. properties in 2013, according to the NAR Profile of International Home Buyers, and spent an average of $425,000 on a home - with 69 per cent of purchases reported as all-cash purchases.

For Zillow, the partnership presents a "tremendous opportunity" for real estate professionals who display their listings on the site to reach the second-largest population of foreign buyers of US homes.

Beginning in early summer 2014, Leju visitors who search for US properties will be brought to a Zillow-Leju co-branded website whereby they will have access to Zillow's large repository of data on homes, millions of for-sale listings, and unique pre-market inventory.

The co-branded site will be translated into Chinese and operated by Zillow.

"We're excited to announce this exclusive partnership with Leju," said Errol Samuelson, Zillow Chief Industry Development Officer.

"We're thrilled to provide Leju visitors with Zillow's unparalleled real estate search experience," said Geoffrey Yinyu He, Leju's CEO. "Many of our more than 60 million users are interested in U.S. properties and now they will not only have access to information on US homes that they can't find anywhere else, but they'll also have the ability to quickly connect with a local real estate expert who can help them through the home buying process."