Lamudi is not alone in the field. One Africa Media’s PrivateProperty and BuyRentKenya and Nasper’s Property24 among others are also masters in their own standing and will not be easy to be beaten. The Berlin HQ firm also has a long way to convince everyone it’s 100% local and won’t be ploughing profits back to Berlin. It’s Asian operations raised $7 million USD in investment to grow its Asian operations from Tengelmann Group and others.
Rocket Internet’s real estate site Lamudi has announced today it has hit 500,000 property listings across its 28 markets globally, double the 250,000 listings it announced it had in April.
TechMoran pegs the growth to its recent launch of Android and iPhone apps to allow house-hunters in emerging markets to rent, buy and sell property on the go. The site, which launched October 2013, is present in 10 markets in Africa and is also present in Latin America, Asia and the Middle East.Lamudi’s Global Co-Founder and Managing Director, Kian Moini, said: “The pace of our growth just shows how strongly people are responding to Lamudi. We have seen incredible demand for our service in each of our markets, including those where high-quality online property listings are a relatively new phenomenon.