Business

QuintoAndar expands sale and purchase operation of residential properties to Rio de Janeiro

Starting this Monday, owners will be able to register their properties at QuintoAndar and buyers will be able to access the platform to search for properties and schedule visits

Gabriel Braga and André Penha, co-founders of QuintoAndar. Photo: QuintoAndar
  • Brazilian startup QuintoAndar, founded in the state of São Paulo in 2012, is now letting users from Rio de Janeiro buy and sell residential properties through its platform;
  • Operating since 2018 in Rio, QuintoAndar begins rolling out the new service in some of the city’s neighborhoods, to then expand to other regions.

Brazilian proptech QuintoAndar announced this Monday that is expanding its operations of sale and purchase of residential real estate to Rio de Janeiro. The service was, to this date, available only in São Paulo.

“The acceptance of our model in São Paulo was excellent. In a bit more than six months, we have reached almost 5 million searches for properties on the platform, and hundreds of closed deals ”, says Gabriel Braga, CEO and cofounder at QuintoAndar.

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“Now we are going to use our knowledge of technology and data and experience with the operation in São Paulo to bring the best solution for anyone who wants to buy or sell a residential property in Rio.”

With over BRL 30 billion in assets under its management, the startup began operating in the city in 2018, with its home rental business. From now on, QuintoAndar will first offer the new category in some neighborhoods in Rio, to then gradually expand to other regions. Starting today, owners will be able to register their properties at QuintoAndar and buyers will be able to access the platform to search for properties and schedule visits.