January 27, 2015
Lamudi, the international, online, real estate company serving emerging markets, has announced today a further expansion throughout Africa and the Middle East. The platform is now available in four additional countries: Qatar, Gabon, Angola, and the Republic of Congo.
“Since we launched in late 2013, Lamudi has grown at breathtaking speed. The website is now available in more than 30 countries in the emerging markets, offering house-hunters from Mozambique to Mexico access to over 800,000 global property listings,” said Lamudi cofounder and managing director Paul Philipp Hermann. “This latest expansion comes after a thorough assessment of the state of the property sectors in these four countries. In each case, we see thriving real estate industries that are beginning to switch online, creating demand for the high-quality property portal that Lamudi offers.”
With this expansion, Lamudi now reaches 32 countries across Asia, Africa, Latin America, and the Middle East. Lamudi offers people in these markets a place to find or list available properties to either buy or rent – something that no other platform has done well in these emerging markets. Currently, the platform has more than 800,000 real estate listings in: Angola, Algeria, Bangladesh, Cameroon, Colombia, Democratic Republic of Congo, Ethiopia, Gabon, Ghana, Indonesia, Ivory Coast, Jordan, Kenya, Mauritius, Madagascar, Mexico, Morocco, Mozambique, Myanmar, Nigeria, Pakistan, Peru, Philippines, Qatar, Rwanda, Saudi Arabia, Sri Lanka, Tanzania, Tunisia, Uganda, Zambia, and Zimbabwe.
The International Monetary Fund projects that over the next few years, 70 percent of world growth will come from the developing world. Emerging markets across Asia, Latin America, and the Middle East – for example – are seeing rapid growth to their real estate sectors, all due to a growing middle-class and strong economic performance. With such increases, we’ve seen a jump in interest from investors. Some emerging markets – expected to become economic powerhouses sometime over the next few years – have even been designated group titles, including the MINT (Mexico, Indonesia, Nigeria and Turkey) and PINE (Philippines, Indonesia, Nigeria and Ethiopia) countries. In November of last year, Lamudi released its research report on real estate in emerging markets, which lays out many of these figures – you can check that out here.
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