Property listing site Property24 is forecasting around P247 billion worth of real estate transactions annually as a result of a partnership with OLX Philippines.

During the partnership launch on Wednesday, Property24 country manager Steve Santos said the combined real estate sales from Property24 and OLX Philippines are expected to reach P20.6 billion a month. “That’s our estimate ... if you would assume the conversion rate which I believe is at 2 percent.”

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