LAMUDI hit record-breaking listing growth, posting a double-digit percentage increase in monthly average listings in January 2022 compared to the same month in 2021. The company is set to launch the Lamudi Virtual Broker Awards 2022 this February, honoring the hard work of real estate practitioners.

Against the backdrop of swift digital transformation, the country’s leading real estate platform Lamudi hits record-breaking listing growth, seeing a significant increase in properties promoted across real estate types.

Acknowledging the contributions of hard-working property professionals to this success, the company is set to launch the Lamudi Virtual Broker Awards 2022 on Feb. 23 and 24. This is the second time the firm is conducting the event online, in observation of health and safety measures amid the pandemic.

Reaching a notable milestone

According to Lamudi’s data, commercial properties were the fastest-growing segment in the fourth quarter of 2021. Next to commercial properties, condos recorded the highest increase, followed by house and land. The supply increase in commercial properties and condos suggests that developers are continuously accommodating the gradual return of businesses and professionals to the office.

The movement may likewise be in response to the strong property demand coming from resilient industries, including the information technology-business process outsourcing (IT-BPO) sector, as well as emerging segments such as healthcare, data analytics and insurance.

In terms of representation of listings, houses and condos contributed the largest share on the Lamudi platform.

As for the price range, there's a sizable number of luxury for-sale listings on the platform in the fourth quarter of 2021. These are listings priced P12 million and up. Luxury rentals exhibited the highest growth, while mid-range rental properties represented the largest share of listings on the portal.

These figures indicate that the developers are seizing the strong property appetite coming from the high-end segment. The demand for luxury real estate remained resilient during the pandemic. As the new normal lifestyle involves doing everything at home, many end-users have considered upgrading residences, looking for spaces equipped with features that promote convenience and comfort. Luxury property investors, meanwhile, are motivated to buy in hopes of securing higher returns.

Welcoming the new year with a bang, Lamudi recorded a double-digit percentage increase this January compared to the same month in 2021. It’s a testament to the company’s success and the growing digitalization movement in the property sector.

Celebrating hard work

Lamudi chief executive officer Kenneth Stern expressed pride in leading a strong, powerful team. He mentioned that they share this achievement with real estate practitioners who have embraced the challenge and potential of going digital to serve the property market.

“The success of Lamudi isn’t complete without our partnership with real estate professionals. We are thankful for their trust and support all throughout the years. We have the highest respect for them, especially for their resilience amid the difficult times we’re facing today.

“Amid the pandemic, more people turned to online platforms to search for their dream properties. Heeding this call, real estate practitioners embraced adaptability, which gave rise to the popularity of property technology, fast-tracking the digitalization of the real estate sector,” Stern said.

In 2020, the year when the first virtual Broker Awards was launched, the winner of the “Partner Success Story of the Year” Raffy Siapco said, “My life has changed since I chose Lamudi as my partner in my real estate business. Your platform has resulted in a significant increase in RS Property Manila sales.”

As a way of giving tribute to loyal Lamudi partners, the Broker Awards this year will feature different award categories, namely:

Individual Awards

• Most Leads Generated

• Most Number of Listings Uploaded

• Best Digital Award

• Top Trained Broker

• Broker of the Year – Luzon

• Broker of the Year – VisMin

• Loyalty Award

Company Awards

• Most Leads Generated

• Most Number of Listings Uploaded

• Best Digital Award

• Top Trained Brokerage

• Lamudi Brokerage of the Year - Luzon

• Lamudi Brokerage of the Year - VisMin

• Loyalty Award

Special Awards

• Lamudi Partner Success Story of the Year

• People's Choice Award

• Lamudi Partner of the Year

• All Star Portfolio of the Year

• Business Breakthrough Award - Individual

• Business Breakthrough Award - Brokerage

The virtual event’s media partners are Manila Standard, Business Mirror and Sunstar Cebu.

To impart wisdom relevant to the times, real estate thought leaders will grace the Lamudi Virtual Broker Awards 2022 to deliver a keynote speech.

The ceremony will be conducted on Zoom. One can register now for Day 1 and Day 2 of the Lamudi Broker Awards or visit Lamudi’s website at https://linktr.ee/lamudiph. SPONSORED CONTENT