OLX takes its place in the real estate industry

January 28, 2019
Share this Post: 

OLX knows its not everyone's first choice when it comes to searching through multiple marketplaces and talking about purchasing real estate. To counteract this, the company is moving towards making finding its place in the real estate industry.

India’s largest online marketplace for goods and services, OLX already serves the real estate segment but is now aiming at strengthening it.

Experiencing a strong business growth in 2018, real estate led the company towards larger revenues through its 40 million monthly active users. The company is accommodating to the increasing property demand, and it has observed one in every five users on the platform to visit the real estate section.

OLX has also dedicated R&D for the vertical to find various factors that motivate buyers, prompting property purchases. OLX-Kantar TNS study highlights that “four out of every five people trust online property sites to search for information and leads on homes." Also before purchasing a property, prospective buyers visit at least 10 listed properties over the internet, on an average.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference. Mar 19-21, 2019

January 28, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Dorrinsider Cover
Ten Questions With Farah Falconi, Founder & CEO of DoorInsider

The question of whether portals or agents should be the ones to push new immersive listings technology is one we've...

Read More
Fang.com Gloomy
Chinese Portal Fang.com Could Be Kicked Off NYSE as Deadline Passes

The Chinese real estate portal company Fang.com could be set to be delisted from the New York Stock Exchange after...

Read More
Zillow And Nar Vs
Zillow Accuser REX Hires Big Shot Lawyer Despite Apparently Being Broke

The discount brokerage involved in a bitter court battle against Zillow and the National Association of Realtors (NAR) has hired...

Read More
Housfy Habi Landgate Funding
PropTech Funding Roundup: Habi, Housfy and LandGate

We've got everything you need to know about the latest PropTechs out there getting investor funding. VC firms may be...

Read More

Popular News