Nigerian CommunicationWeek

Lamudi, ERCAAN Seek Improved Data Gathering in Housing Sector

Lamudi Nigeria on has officially announced its lead in the online real estate space with over 30,000 unique listings, while stressing on need for harnessing data in the sector. 

Allie Morse CEO Lamudi West and Central Africa, made the remark during a lecture at the Estate Agent and Commission Agents Association of Nigeria (ERCAAN) Annual General Meeting/Conference 2014 which took in Lagos recently.

This comes soon after Lamudi’s partnership agreement signed with ECRAAN.

Morse said, ‘Lamudi is excited to continue the momentum of growth and provide the very best of real estate in Nigeria to internet users within the country and around the globe’.

Obi Ejimofo, managing director, Lamudi Nigeria, provided a data based comparism between supply and demand in Lagos Housing market based on lamudi’s first 12 months of operation in the country.

He said: For affordable housing to truly be effective as a policy objective, it is critical to carry out research on exactly what people want in housing, where they want it and how much they are able to pay for it. Accurate and granular data on housing demand is an essential component of this research.”

Mr. Godwin Alenkhe, chairman of ERCAAN, Lagos Chapter, in his opening speech talked about the progress of the association since signing the partnership with Lamudi Nigeria.

He said that: ‘For the past one year we have made tremendous progress in propagating the image of the association. We have projected into the future of real estate development in Lagos state and realized that a well packaged mortgage scheme is the lasting solutions to home ownerships”

This event which is the 18th edition was well attended by stakeholders of in the real estate sector as well as key officials in real estate, finance and law.

Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 500,000 real estate listings across its global network.

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