Rocket Internet’s property classifieds site Lamudi has today said it has listed over 15,000 listings since its launch in the country September 2013 aiming to be the country’s top property site.
According to CEO of Lamudi Kenya, Aneesa Arshad stated. ” We are thrilled with the positive feedback we have been receiving from those searching for properties on Lamudi as well as the agencies and developers who are listing with us. We look forward to continuing to improve our platform and adapting to the every changing digital real estate market.”
TechMoran is yet to establish which properties are expired and which ones are current as it will take our team time to verify by calling property agents on site to see which ones have been sold or rented out already. At the moment, an insider at Lamudi’s competitor BuyRentKenya says 15,000 is not yet close to what they have though he said the firm is gaining ground steadily and is also a sign of the increasing adoption of internet use by property agents and hunters.
The growth in the real estate market in Kenya is representative of the entire region of East Africa. The region is attracting investors from all over the world and many international firms have chosen to establish their regional headquarters in Kenya. As the region becomes more and more attractive to both local and international investors, Lamudi is looking to fill the supply gap for high quality properties in the area.
A report by UHY International, Africa has the fastest growing middle class in the world and this group is now more focused on owning homes rather than renting. Kenya is experiencing a boom in real estate investments and different cities in the country are racing to build developments that will attract middle class families.
