Lamudi, founded by Africa Internet Holding (AIH), has established itself as Kenya’s leading online real estate platform, recently exceeding 15,000 listings. The site offers Kenyans a wide range of different properties to rent and buy in different parts of Kenya including Nairobi, Mombasa, Kisumu and Nakuru.
Lamudi Kenya started its operations in September 2013 and has been determined to provide a simple yet comprehensive platform to connect buyers and sellers in the real estate sector and support the recent growth of digital migration in Kenya and Africa.
CEO of Lamudi Kenya, Aneesa Arshad stated. “In 8 months, Lamudi Kenya has established itself as the best real estate platform in Kenya in terms of both size and quality. We are thrilled with the positive feedback we have been receiving from those searching for properties on Lamudi as well as the agencies and developers who are listing with us. We look forward to continuing to improve our platform and adapting to the every changing digital real estate market.”
The growth in the real estate market in Kenya is representative of the entire region of East Africa. The region is attracting investors from all over the world and many international firms have chosen to establish their regional headquarters in Kenya. As the region becomes more and more attractive to both local and international investors, Lamudi is looking to fill the supply gap for high quality properties in the area.
According to UHY International, Africa has the fastest growing middle class in the world and this group is now more focused on owning homes rather than renting. Kenya is experiencing a boom in real estate investments and different cities in the country are racing to build developments that will attract middle class families.
Lamudi is closely monitoring trends in the industry to insure that the site offers the most relevant properties based on what Kenyans are demanding.