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LAMUDI Expands Operations In ASIA

LAMUDI Expands Operations In ASIA
LAMUDI Expands Operations In ASIA

Fastgrowing property portal continues global expansion with Sri Lanka launch

Leading real estate
player Lamudi (www.lamudi.com) is expanding its presence in Asia, with the
platform launching in Sri Lanka this week.
Lamudi is now available
in seven new markets across Asia, the Middle East and Africa, with launches
also announced today for Jordan, the Ivory Coast, Mozambique, Madagascar,
Mauritius and Zimbabwe. This brings the number of countries where the platform
is available to 28.
Lamudi is a global
property portal operating exclusively in emerging markets. The company benefits
from the resources and local know how of teams in each of its countries, with
support from global headquarters in Berlin.

Co-Founder and Managing
Director, Paul Philipp Hermann, said: “Countries like Sri Lanka have the
perfect trifecta for online property: each has a strong real estate market,
growing rate of internet usage, and a young and vibrant demographic.
We are expanding our
presence in Asia because, quite simply, we could see a demand that was not
being met. As more people in each of these markets switch online, they want to
have access to the same resources that are available elsewhere.
Whether its buying a
house in Sri Lanka or renting an apartment in Jordan, Lamudi is helping to meet
the growing demand for ecommerce in emerging markets.”
Wilhelm Hammes, Managing
Director of Lamudi Sri Lanka (www.lamudi.lk) said: “Now is the perfect time to
be entering the Sri Lankan market. The property sector has seen significant growth
since 2009, as infrastructure has improved and investors have come back. We
want to be there to grow alongside this thriving industry.”
Lamudi is already on
track to being the number one real estate marketplace in the region.
Launched just six months
ago, the company now offers 340,000 property listings worldwide across its
In Asia, Lamudi is
already market leader in two countries, Bangladesh and Myanmar. The company
recently announced $7 million USD in investment for its Asian operations,
including funds from the investment arm of international multisector retailer Tengelmann
Founded in 2013, Lamudi
is now operating in Algeria, Bangladesh, Cameroon, Colombia,Ethiopia, Ghana,
Indonesia, Ivory Coast, Jordan, Kenya, Mauritius, Madagascar, Mexico,Morocco,
Mozambique, Myanmar, Nigeria, Pakistan, Peru, Philippines, Rwanda, Saudi
Arabia,Sri Lanka, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe.

About Lamudi

Lamudi was founded in
2013 and is currently available in 28 countries across Asia, Africa, the Middle
East and Latin America. The leading real estate marketplace offers sellers,
buyers,landlords and renters a secure and easytouse platform to find or list
properties online. For more information, please visit www.lamudi.com

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