Kyero.com launch new Discounted Spanish Property Features
August 31st, 2010
Now, visitors to Kyero.com can find Spanish property bargains by searching for properties which have been discounted.
- When searching for properties, visitors can check the Discounted box to only show properties with a minimum discount of 10%. Properties can also be sorted to show the most heavily discounted ones first.
- All discounted properties are highlighted to distinguish them in a mixed set of property results.
- When viewing a property, visitors can now see when it was first advertised on Kyero.com, what its previous price was, and the discount that the current price represents.
How does it work?
Since 2004, we’ve been taking regular snapshots of the price of every property advertised. Previously, we used this data to calculate our quarterly Spanish house price index.
Now, we use the same data to pinpoint the highest advertised price of each property and compare it to the current advertised price.
The difference is displayed as the current discount and prospective buyers can use it to locate genuine reductions on over 9,000 Spanish properties.
Does a discounted price mean that the property is a definite bargain? No.
Is a property which hasn’t been discounted definitely over-priced? No.
Is the asking price always closely related to the eventual transaction price? No.
These new discounted property features on Kyero.com are simply another piece of the jigsaw puzzle that prospective buyers must self-assemble when buying property in Spain.
In the absence of any reliable official data about actual property transaction prices in Spain, they offer prospective buyers more insight into the price history of properties advertised on Kyero.com.
They provide a level of transparency not previously possible, and they arm the buyer with more data with which to make an offer on a specific property.
Martin Dell, Kyero.com
