From Uganda to Saudi Arabia – the broad range of different renting prices throughout the world
06 FEBRUARY 2014
SummaryBerlin, February 6th 2014 - Housing prices all over the world have been rising rapidly within the past years. According to The Wall Street Journal, Americans are not only facing high property purchasing prices but also constantly climbing rents, which is why US citizens are increasingly feared of another real estate bubble. In addition, property values in emerging countries are increasing as well.
Berlin, February 6th 2014 - Housing prices all over the world have been rising rapidly within the past years. According to The Wall Street Journal, Americans are not only facing high property purchasing prices but also constantly climbing rents, which is why US citizens are increasingly feared of another real estate bubble. In addition, property values in emerging countries are increasing as well.
However, this trend does not apply to all the countries throughout the world. Especially in emerging markets the chances to rent out properties for very good price-quality ratios are not the worst at the moment. Lamudi, the largest real estate classifieds player throughout the world, offers a vast range of different houses, flat and commercial properties in Latin America, Africa and in Asia though the average price in USD per m², according to recent calculations, varies significantly between Africa, South America and Asia.
As a result, the company found out that Saudi Arabia leads the ranking with 45$ per m², unexpectedly followed up by Rwanda (26,47$/m²), Tanzania (21,05$/m²) and Nigeria (20$/m²). In contrast to this, a square meter in Uganda costs less than 3$. To illustrate, the average rent of a Saudi Arabian apartment (5.400$) would be enough money to rent a house bigger than 1860m² in Uganda. However, it has to be taken into account that Lamudi is focusing on the high quality segment in most of its countries, wherefore those prices cannot be taken as the local average.
Whether looking for properties for rent or for sale, the internet platform www.lamudi.com enables customers to easily find or sell their house, apartment, commercial property or land online. At the same time, property providers and agents get a trusted online presence through a personalized webpage. Key characteristics of Lamudi are its diverse property offers, the intuitive website set-up and the high security standards to avoid fraud. The business platform operates under a high level of transparency through professional photos, updated listings, detailed descriptions, reports and rankings for 100% of its properties in each market. The Lamudi platform helps brokers to manage their inventory fast, easy and stress-free.
www.lamudi.com was founded in 2013 and is currently available in Algeria, Bangladesh, Colombia, Ghana, Kenya, Mexico, Morocco, Myanmar, Nigeria, Pakistan, Rwanda, Philippines, Saudi Arabia, Tanzania, Tunisia and Uganda. The real estate marketplace offers sellers, buyers, landlords and renters the ideal platform to find homes, land and commercial property online.
Download PDFDownload PDF
About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.