Leading property portal dives into the technological advancements in the real estate sector
The increase in technological innovations has reshuffled the real estate sector. With the growth in population, existing cities are about to burst and new cities are coming forth in the landscape. Technological innovation and sustainability are now the key drivers for value in the real estate. These innovations are set to provide new business tools and an enabling environment where traditional methods may be not suffice.
Lamudi Kenya MD Dan Karua says, “With 32.8 percent of Kenya’s population aged between 25 and 54, who are educated and tech savvy want to own a home indicates that the demand will escalate in the coming years as 42.1 percent are below the age of 14 according to the Kenya National Bureau of Statistics.”
With an increase in internet penetration at 54.8 per cent in the previous quarter according to Communications Authority of Kenya shows a need for businesses to open up new paths. Real estate agents will have to adapt to the dynamic environment and provide the best customer service experience possible. Dan added that technology will definitely disrupt the real estate not only in marketing but also making some types of real estate ancient. As the return on investment stand between 20-30%, it is the prime time to tap into these new technologies before they are mainstream that will improve lives and bring convenience to our day to day experiences.
Sustainable houses will have to be developed that will provide their residents with pleasant places to work and live. The use of alternative building methods will be appreciate from the traditional brick and mortar construction design. Mini-cities will be on the rise and mixed-use developments will increase rapidly that will enable working, living and shopping stress-free. This will improve on land use and making effective use of land and technology.
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 600,000 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.
Africa Internet Holding introduces and accelerates the online shift in Africa – for its people and its culture. It is committed to running successful and vibrant internet companies which boost the evolution of African online culture. AIH is the parent group of nine successful and fast-growing companies in more than 20 African countries, accounting for over 3000 staff. AIH cares about entrepreneurship and brings together all the key elements required to build great companies: team, concept, technology and capital. Its network of companies includes JUMIA, Kaymu, Hellofood, Lamudi, Carmudi, Zando, Jovago, Lendico and Easy Taxi.