US commercial property marketplace CoStar is to acquire digital property platform Homesnap for a cash consideration of $250m.
Homesnap services 300,000 residential property agents and over 1m individual professionals with online and mobile software. The company has enjoyed 40% annual growth since 2016 and now offers over 1.3m active property listings on its platform, with expected revenues of $40m for 2020.
Both companies are based in Washington D.C.
