Home Startups Rocket Internet Launches To Take Over Africa’s Real Estate Market

Rocket Internet Launches To Take Over Africa’s Real Estate Market

by Sam Wakoba
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lamudiRocket Internet has today launched its online  property marketplace in a bid to take over Africa’s classified property market.

Founded this year, Lamudi has offically been rolled out in 12 countries including Algeria, Kenya, Morocco, Nigeria, Tunisia and Uganda.  Out of Africa, the portal is now live in Mexico, Myanmar, Bangladesh, Pakistan, Saudi Arabia and Colombia .

Lamudi offers sellers, buyers, landlords and renters the ideal platform to find homes, land and commercial property online. Previously, Lamudi was called Vamido in Africa, Ubilista in Latin America, Zamudi and House  in Asia.

Rocket Internet expects Lamudi, to be the emerging market real estate classifieds player.

According to Erwin Sikma, CEO of Lamudi Asia: “Over the course of the past months, we successfully developed our real estate websites in several markets. The amount of traffic on our websites increased extremely fast which has allowed us to already sign many of the big real estate developers and agents in each of our countries. The feedback from real estate developers, agents and customers has been unanimously positive. We are very bullish on the real estate classifieds market and aim to establish ourselves as the new number one in emerging markets. In particular with the support and knowledge from Rocket Internet, we will grow Lamudi very fast.”

With properties for rent or for sale, the portal gives property providers and agents a trusted online presence through a personalized webpage.

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