"The strategy outlined for this year has a target of 80 agencies in and around Paris,” the company said in a communiqué, adding that it wants to replicate its business model that has been successful in Portugal, in France.

"We want to expand, innovate, drive the business, incorporate the values that made us leaders in Portugal”, the chairman of Remax Portugal, Manuel Alvarez, said in the communiqué.

Remax Portugal ended last year with a 9 pervent increase in transactions and 17 percent more in terms of turnover than in 2017.

The real estate agent has 312 agencies in Portugal and had 7,443 active agents in 2018.