30% of OLX vis­i­tors search for prop­erty

Plat­form has 4m real es­tate list­ings

The Daily News Egypt - - Business -

About 5.5 mil­lion vis­i­tors use the on­line mar­ket­place OLX monthly, 30% of them search­ing for real es­tate, ac­cord­ing to Dina Go­bran, OLX Egypt gen­eral man­ager.

Go­bran said that ap­prox­i­mately 4m real es­tate ad­ver­tise­ments were posted on OLX, for sale or rent, in 2017.

She ex­plained that 75% of th­ese ad­ver­tise­ments were for sale and about 25% for rent.

She fur­ther noted that OLX has about 4m units listed, 77% of them apart­ments for sale and about 23% of them vil­las, lands, and com­mer­cial ac­tiv­ity spa­ces.

“The vis­its on the web­site for prop­erty in­creased in 2017 by 38% com­pared to 2016,” she said. “Be­sides, OLX re­ceived 8.4m in­quiries regarding real es­tate ad­ver­tise­ments.”

She said that the web­site has mar­keted for more than 150 in­vestors, de­vel­op­ers, and in­di­vid­u­als, ex­plain­ing that the ar­eas that are most in de­mand are Fifth Set­tle­ment, New Cairo, Nasr City, Maadi, Shorouk, and Mad­i­naty.

Regarding searches for prop­erty in the New Ad­min­is­tra­tive Cap­i­tal, she elab­o­rated that they in­creased 12 times in the sec­ond half of 2017 com­pared to the year’s first half.

There were about 26,000 searches for prop­erty in the New Ad­min­is­tra­tive Cap­i­tal in 2017, Go­bran said.

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