ERA Real Estate, owned by the Realogy family of brands, has announced the signing of a master franchise agreement in Spain with ACL Consultores, SL. The master franchisee is led by entrepreneurs Rafael (Rafa) Tarajano Carrillo and José Juan Muñoz de Campos, who have significant experience in real estate and significant franchise development history in the Canary Islands.
“As a global leader in real estate with over 40,000 affiliated agents worldwide, we are thrilled to have found great partners to expand the brand’s presence in Europe with a master franchise in Spain,” said Sherry Chris, president and CEO of ERA Real Estate.
“Rafa and José Juan have a tremendous understanding of Spain’s real estate industry and where growth opportunities exist in the region and nationwide. They have recognized that franchising with ERA provided unique advantages to help build a successful company and support their expansion plans. We are excited to welcome ERA Spain to our team ERA global network of real estate professionals.”
The Spanish real estate market is one of the largest in Europe and an inventory of over 26 million homes. Spain’s National Institute of Statistics recorded 563,523 property transactions in 2021, of which 20 per cent were new home sales. The ERA Spain franchise will make use of ACL Consultores, SL’s position on the Canary Islands to expand into mainland Spain.
“We are thrilled to partner with ERA Real Estate, to continue to grow globally and increase our presence in the European real estate market. Spain’s real estate industry is one of the engines of the country’s economy,” said Rafa Tarajano, co-founder and CEO of ERA Spain.
“We will continue our mission to bring value to our ERA franchisees and enhance the real estate profession. Together with one of the world leaders in the industry, we intend to not only build a highly successful business, but to also build a new family of first-class real estate professionals under the ERA Spain umbrella.”
“The strength and confidence of the ERA brand, together with its capacity for innovation and adaptation to different markets and situations, will help ensure that our franchisees and agents become the “touchstone” in services and quality as a leader in the real estate market,” said José Juan Muñoz de Campos, co-founder and director of ERA Spain.