Lamudi, An Online Property Firm Launches In Sri Lanka

A globally spread online real estate player has launched its services in the Sri Lankan market, announced the firm in a statement issued.

The firm says, Lamudi is now available in seven new markets across Asia, the Middle East and Africa, with launches also announced during today for Jordan, the Ivory Coast, Mozambique, Madagascar, Mauritius and Zimbabwe.

“This brings the number of countries where the platform is available to 28,” the firm said in its statement.

The firm says, it is a global property portal operating exclusively in emerging markets and benefits from the resources and local know-how of teams in each of its countries, with support from global headquarters in Berlin.

“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,” Co-Founder and Managing Director, Paul Philipp Hermann, was quoted saying in the statement.

Wilhelm Hammes, Managing Director of Lamudi Sri Lanka says, “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.”

According to the firm, launched just six months ago, the company now offers 340,000 property listings worldwide across its platforms.