seloger.com CEO Predicts Slow 2009

Leading French portal seloger.com’s new CEO Roland Tripard has, unsurprisingly, predicted 2009 will be difficult for the real estate industry.

 

While the company says they are on track to hit their growth target for 2008 of around 22%, equivalent to between 69.8 and 70.4 million Euro, they are prepared for sales growth to slow down in 2009.

Tripard said that 10% to 15% of French estate agents could close their doors next year because of the impact of the economic crisis, creating a very tough market.

“The market conditions have changed. The only section which is resisting at the moment is rental,” he was quoted as saying to Reuters in a monthly internet report.

He said the seloger.com group would need to control costs carefully.

“Growth will slow down in 2009, it’s a certainty,” Tripard said.

1. seloger.com Reports Record Audience

   seloger.com has released its nine month revenue figures showing a total of €54 million and is reporting 3 million unique visitors....

2. seloger.com Forges Strong Lead

   The leading property portal in France, seloger.com, has reported unparalleled audience figures in the Mediametrie/Netratings Internet rankings for February 2009. ...

3. seloger.com Revenues Up 2.1%

   The leading property portal in France, seloger.com, has revealed that its consolidated revenues for the first half of 2009 totalled EUR35.5 million, an increase of 2.1% relative to the same period last year....

4. Seloger 1st Half 09 Results And New Site

   French property portal company, Group Seloger.com, has released its first half 2009 results, which show an increase in both revenues and net profit....

5. seloger.com Alliance With idealista.com

   seloger.com, the leading property portal in France, has signed a strategic alliance with one of the leading Spanish property portals, idealista.com. ...