On The Transaction – FazWaz Conference

Last weekend (Friday 9th March), the FazWaz team from across Thailand got together in Hua Hin to discuss the future of the transaction in Thailand. FazWaz employees from a combination of Phuket, Pattaya, Chiang Mai, Bangkok, Hua Hin and Samui got together to see 2 days of market leading presentations and training sessions.

The conference was organised by the FazWaz Group who are active in over 8 countries and expanding at a rapid rate. The conference was heavily focused around FazWaz moving into the sole agency markets, which allows property developers to market and sell their developments without the reliance of property portals and traditional agencies.

Paul Trayman, Chief Operating Officer at FazWaz illiterates that “the traditional property portal model, built around a legacy classified infrastructure is a declining industry. The model is now being disrupted, just as it has been in other brokerage environments. In the media industry, Netflix is trying to become HBO before HBO becomes Netflix. If property portals are HBO then FazWaz like companies are most certainly Netflix”

Overall the conference was well attended with new partners flying in from as far as London to attend the event. There was a concentrated focus around the FazWaz Group expansion into the UAE, where a buoyant property market is missing any real innovation. FazWaz who are seeing high YOY growth across all aspects of the business in Thailand believe that the model is transferable to new locations such as Dubai.

The big debate is ongoing, towards who is more geared to capitalize on the changing industry. “Brennan Campbell, CEO of FazWaz states that “portals are traditionally marketing and technology companies, that lack the infrastructure to service a full scale sales business. The emerging markets cannot yet be bridged by pure technology solutions, as the supporting infrastructure is lacking and sometimes non-existent in comparison to established markets”

Who will win the race moving forward, we really don’t know but it will be an interesting ride, where FazWaz will sit at the front of innovation and change.


FazWaz News

FazWaz News publishes articles, trends and other updates about property markets across Thailand. FazWaz Property Thailand wants to help make sure buyers are well-informed about their investments.

Comments are closed.

Published by
FazWaz News

Recent Posts

Top 10 Luxury Homes in Thailand (that you can buy)

HEAVENS (Koh Samui) This exclusive home, to be completed in October 2019, is one of only 6 villas in The…

5 months ago

Russian property buyers rising again in Phuket

From Russia with Love might is a James Bond 007 thriller but it has also been a mantra for island…

2 years ago

Why selling property too fast is bad business?

One of the most common mistakes by property developers in hot markets or with premium properties is the misconception that…

2 years ago

Phuket Commercial Land Parcels Soar

Ol’ Blue Eyes Frank Sinatra might be gone but who can forget those tuneful lyrics “Fly me to the moon,let…

2 years ago

Malaysia considers restricting foreign property purchases

A hot topic over the past month has been the Malaysian government’s review and possible increase of the set minimum…

2 years ago

Why condo model units pay off big time

Traveling around Asia I can’t help but start to see similarities in successful real estate projects. One of the key…

2 years ago