July 11, 2014. Lagos Nigeria; Lamudi Nigeria (www.lamudi.com.ng) formally cemented its position as Nigeria’s leading property marketplace on Friday last week, reaching a series of milestones including 20,000 property listings on its website.
Launched in October 2013, Lamudi is now operating across 28 countries in Africa, Asia and South America with further expansion planned in the future. Over 500,000 properties are now listed worldwide on the platform. Lamudi Nigeria alone has seen a doubling in its property listings within 3 months, having marked 10,000 properties in April this year.
This milestone comes shortly after the launch of the Lamudi mobile app for Android devices and coincides with the launch of the Lamudi YouTube channel (http://goo.gl/Bvvdaf) increasing the variety of channels by which consumers can access and experience the listings of Lamudi Sellers as well as knowledge and news on the Nigerian real estate sector.
Sharing her views about the Real Estate Market in Nigeria, Allie Morse, CEO Lamudi West and Central Africa, stated that "For Lamudi Nigeria to achieve over 20,000 listings in less than a year speaks to the opportunity in the market and the excitement of our partners to display the very best of Nigerian real estate to the world."
Last week also saw Lamudi Nigeria solidify its position in the sector with the signing of partnership agreements with two of Nigeria’s leading professional real estate entities.
First of all, Jide Taiwo & Associates, the country’s biggest real estate firm with over 23 branches nationwide, renewed its collaboration with Lamudi with a nationwide agreement to market its listings.
Mr Sina Ganiyu, Senior Partner and CEO for Jide Taiwo & Co, commented on the signing, stating “We decided to trial Lamudi when they first came into the market in 2013 and we have been impressed by the level of service, attention to detail and rate of success that they have achieved for us as a client within such a short time. To us, Lamudi is not an advertising channel, Lamudi is more a valued strategic partner intrinsically invested in our success. Together, we are going to increase our international reach as a firm.”
In a related event, Lamudi Nigeria also secured a formal partnership with the Lagos State Chapter of the Estate Rent & Commission Agents Association of Nigeria (ERCAAN) – Nigeria’s largest association of estate agents. This partnership will see Lamudi forming closer bonds with ERCAAN members through training, joint activities and listings to help drive greater transparency and professionalism in the industry.
Commenting on the development, the chairman of ERCAAN Lagos Chapter – Hon. Godwin Alenkhe referred to the significance of the collaboration “As an association, ERCAAN covers every one of the 57 local government areas of Lagos. We are also a major stakeholder in the Lagos State Real Estate Transaction department under the Ministry of Housing. Our overall aim is to enhance the professional abilities of real estate practitioners in Lagos state and this unprecedented development with Lamudi is the perfect opportunity to boost our presence, communicate our business ethics and extend the reach of the services of our members through online channels to both local and international property seekers.”
Managing Director of Lamudi Nigeria, Obi Ejimofo gave his view on the week; “We have definitely had a very busy week at Lamudi. But this success is certainly not a one-off, these milestones have all been in the pipeline.”
“We have grown 5 times in size in 4 months, but at the same time, we have matched this incredible expansion with a sound foundation of customer service and innovative online marketing. It is our intention to take the stress and complication out of the real estate process, and our partners recognize and support us in this objective. We are now setting our sights to reaching 40,000 listings in the next few months but we recognise that this is no way near enough to meet the demand for housing in Nigeria.”
About Lamudi
Lamudi Nigeria has announced it now has more than 20,000 listings on the platform while it has also extended its services to provide wider property selections in major Nigerian cities such as Lagos, Abuja and Ibadan.
Africa Internet Holding (AIH) - founded online real estate platform Lamudi, the fastest-growing property platform in emerging markets and currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with over 500,000 listings. Lamudi offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
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