Kyero Record Results for Q1 2011
April 6th, 2011
Q1 2011 was the biggest quarter ever for Kyero.com In five key areas, the portal showed dramatic increases from its performance in Q1 2010.
Unique enquirers: +13%
Property page views: +27%
Web referrals: +44%
Raw visits: +7%
Overall page views: +21%
The weighted average increase for the portal over this period was +12%.
Explaining the increases, Managing Director Martin Dell said:
Q1 is normally the busiest quarter of the year for house buyers and estate agents. Even so, to register such a significant increase over the same period in 2011 is a clear indicator that more people are interested in Spanish property in 2011 than they were in 2010 – and they’re using Kyero to find properties and estate agents.
From the broad mix of indicators we take note of, activity and interest in the Spanish property market bottomed out late 2009 to early 2010. Since then, visitor and estate agent numbers have been steadily increasing on Kyero, and I think that we’re looking at slow but steady growth for some time to come.
Our house price index for Q1 also showed that the average asking price for property in Spain has dropped – another factor which will be attracting buyers to more realistically priced properties.
I hope that the market will avoid the high-highs and low-lows of previous property cycles and that we can expect 4-5 years of steady growth, probably followed by a similar period of cooling down.
The Spanish property market generally follows this ten year cycle and all the indications point to us being at the start of another growth phase.
