Kenya’s leading real estate portal celebrates two years in the market
Kenya’s leading property portal, Lamudi Kenya, marked its second anniversary last night at a celebratory event at PrideInn Hotel, Westlands, Nairobi.
The event was attended by key stakeholders in the Kenyan real estate market. Lamudi shared some of its key insights and achievements of 2015, as well as the outlook for the company for 2016.
For a second year in a row, Lamudi has awarded other key players in the industry with various awards. The award criteria was based on factors including – quality control standards on property listings, response time to urgent client queries, and payment consistency, among other considerations.
The companies that walked away with the awards include:
Pam Golding Properties – Best Large Estate Agency 2015
Crystal Valuers – Best Medium Estate Agency 2015
Kings Developers – Best Estate Developer 2015
Royal Properties Market – Best Customer Service 2015
“Over the past two years, Lamudi has grown to offer much more than just property listings. We also share knowledge, offer market insights and analyze key trends as they occur,” said Dan Karua, Managing Director of Lamudi Kenya.
“Over the past two years, we have continually evolved and developed our business to cater to Kenyan house-hunters. With the Internet penetration in Kenya standing at 67 percent, we need to reach out to all property seekers, including those who do not have regular web access. Through Dial4Home, our SMS based platform, property-seekers can get a hold of us through our toll free line. We then share property listings that match their search criteria through SMS.”
With other innovative features such as an online mortgage calculator and a free quarterly property magazine, Lamudi has established a firm position as the number one player in the market.
With the housing deficit standing at around 90 percent, the demand for property, especially affordable property is at an all time high in Kenya. Lamudi’s onsite search data reveals that the demand for property to rent stands at 66 percent compared to 34 percent for buying.
Furthermore, the data shows that renters are more likely to look for apartments, with 81 percent of renters searching for this property type. On the other hand, houses are more preferable as a purchase option, with 54 percent of buyers seeking stand-alone homes.
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 34 countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.