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

Lpw Colombo
LankaPropertyWeb Launches Guide to Buying and Selling Property in Sri Lanka

Leading Sri Lankan property portal LankaPropertyWeb has released a guide to buying and selling property in the island nation. Designed...

Read More
Casap Appointment Booking
French PropTech Casap Raises €2.2 Million and Plans to Launch a New Portal

Parisian PropTech startup Casap (formerly Scoppe) has announced that it has raised €2.2 million in seed funding and that it...

Read More
Nobroker Unicorn
Indian FSBO Vertical NoBroker Ties Up Funding Round to Become a PropTech Unicorn

Indian housing marketplace NoBroker has announced that it has raised $210 million dollars in a Series E funding round and...

Read More
Proptexx Hero Image Interview
Ten Questions With Josh Lamerton from PropTexx

As property hunters all over the world get more demanding about how their next homes are presented to them, the...

Read More

Popular News