Kyero.com Achieves 43% Y-o-Y Growth

February 1st, 2010 at 10:17am GMT

Despite the global recession, despite the beleaguered state of the Spanish property market, Spanish property portal Kyero.com achieved an overall growth of 43% in January 2010 compared with January 2009.

Overall growth is the average of several measurements, including the number of unique visitors to the site, the number of property enquiries they make, the number of properties they view and the number of secondary actions they take.

Compared to January 2008, Kyero.com also recorded an overall increase of 25% in January 2010, and a massive 43% compared to January 2007.

Kyero.com received 60% more visitors in 2010 compared to 2009 who went on to make 40% more property enquiries.

Managing Director, Martin Dell attributes the growth to two primary factors:

“General interest in Spanish property has recently received a boost as buyers from some of the world’s stronger economies are snapping up property bargains in Spain.”

“However, Kyero.com has recorded impressive growth throughout the downturn – even compared to the boom years of 2007 and earlier. This is undoubtedly due to our ongoing investment in design and software development.”

“Over 50% of every Euro we generate in advertising revenue goes to the continued improvement of the Kyero.com web site and its underlying technologies.”

“I am very excited about the future prospects for Kyero.com and for its underlying technologies from Portal47.”

“We have always believed that foreign buyers approach Spanish property in a fundamentally different way to local buyers. Kyero.com caters for those differences, and it is this which has allowed the site to grow.”

“During 2010, we’ll be applying our experience in Spain to other countries where foreign buyers need help accessing the property market.”