The DH Group is expanding into Germany. Together with RE/MAX Deutschland (REF Real Estate Franchise GmbH), it is establishing a new joint venture called Credipass Germany GmbH to operate in the German financial brokerage market. The DH Group will hold a 70% stake in Credipass Germany GmbH, while RE/MAX will own the remaining 30%.
As RE/MAX’s exclusive partner, Credipass Germany GmbH will broker mortgage loans, consumer and business loans, as well as savings and insurance products. The real estate network has a presence in Germany with more than 160 offices and around 700 agents. The German network is part of the global RE/MAX network, which operates in more than 110 countries, with approximately 9,000 offices and around 140,000 agents.
The joint venture will bring the DH Group’s Credipass financial brokerage model to the German market. The model is already established in Hungary, Italy, Poland and Spain, where the group has brokered loans with a total value of more than EUR 4 billion.