ZAP+Debuts Digital Rental Offering to Rival QuintoAndar

October 28, 2021

Brazilian property portal Zap+ has launched what it describes as a 100% digital solution for the property rental sector.

ZAPway+, from the OLX-owned business, will help consumers with the entire property rental process, from scheduling a viewing through to signing the contract.

A statement from the company said the new offering, which is part of the ZAP real estate and Viva Real property portals, will also support real estate companies and brokers by simplifying and streamlining property transactions.

The company has partnered with financial services companies for what is described as a “frictionless” experience for customers.

Marcos Leite, General Director of Zap+, said the new product was developed to generate value for the entire sector.

"The real estate agency has become much more competitive because, in addition to integrated management, it can offer its clients a fully digital journey that brings autonomy and transparency when renting the property, scheduling a visit, taking a virtual tour, submitting a proposal, doing business analysis, tenant profiling and signing the contract.” he said.

The company noted the regionalised nature of the Brazilian real estate market. It started to launch ZAPway+ a month ago in 12 markets and with 40 real estate companies. It said acceptance levels to date have been excellent.

ZAPway+ data intelligence is said to be able to identify interested customers who are most likely to rent a particular property. According to a company press release, tests have shown its clients are able to make a more efficient search and that clients who booked a property viewing through the product were up to five times more likely to proceed to the proposal submission stage compared with those not using the new technology.

The company also claimed that rental properties with integrated ZAPway+ had an average rental time of up to 35% less compared with traditional advertisements,

Marcos Leite concluded: "This is a time for delivering new solutions for both real estate companies and the end consumer, with a focus on transforming the real estate market through technology".

The company is looking to accelerate the growth of ZAPway+ to all regions of Brazil in the next year and is working on developing the product for property sales and purchases.

OLX Brasil's shareholders are Prosus NV (50%), listed on the Amsterdam Stock Exchange and majority-owned by Naspers Ltd, and Adevinta ASA (50%), listed on the Oslo Stock Exchange and controlled by the Norwegian group Schibsted.

More Brazilian property portals are moving closer to the transactions. In August 2021, real estate marketplace company QuintoAndar announced it had acquired a real estate credit company.

 

October 28, 2021
Andrew is an experienced media and content professional, with extensive publishing experiences throughout Southeast Asia and in the United Kingdom. He has worked on the editorial and content operations for property portals including PropertyGuru and Juwai. He was also the Publishing Director for the Thai language edition of BusinessWeek magazine.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick