Kenya’s leading property portal, Lamudi has announced that the online real estate market is growing at an unprecedented rate as internet penetration nears 70 per cent.
The group made the announcement as it marked its second anniversary at a celebratory event at PrideInn Hotel, in Westlands, Nairobi.
The event was attended by key stakeholders in the Kenyan real estate market where Lamudi shared some of its key insights and achievements of 2015, as well as the outlook for the company for 2016.
For the second year in a row, Lamudi has awarded other key players in the industry with various honours.
Companies recognised for their outstanding achievement include:Pam Golding Properties, which scooped the Best Large Estate Agency 2015 award and Royal Properties Market, which received the Best Customer Service 2015 award, among other firms.
“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.
“We have continually evolved and developed our business to cater to Kenyan house-hunters. With the Internet penetration in Kenya standing at 67 per cent, we need to reach out to all property seekers, including those who do not have regular web access.”
With the housing deficit standing at around 90 per cent, the demand for 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 property type. On the other hand, houses are more preferable as a purchase option, with 54 percent of buyers seeking stand-alone homes.
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