Idealista, a leading real estate marketplace in Southern Europe, has announced its acquisition of Kyero, a UK-based platform that connects international buyers with property listings in Spain, France, Italy, and Portugal. The financial details of the transaction remain undisclosed.
Founded in 2003 by Louise and Martin Dell, Kyero operates from Bath, United Kingdom. The platform supports over 7,000 estate agents and is managed by a team of 33 professionals. Following the acquisition, Kyero will retain its operational independence while continuing its partnerships with key software providers and real estate operators in its markets.
Strategic Alignment
Idealista’s CEO and founder, Jesús Encinar, expressed optimism about the acquisition:
“The collaboration with Kyero’s talented team will enhance user experience, drive better outcomes for clients, and create new business opportunities across all markets.”
Louise and Martin Dell will remain at the helm of Kyero and join Idealista’s management team to leverage their expertise. Commenting on the development, the founders said:
“We are excited about this opportunity to work with Idealista, a leader in the Southern European real estate market, and to collaborate with their exceptional team to grow our shared vision.”
Growth Strategy
The acquisition aligns with Idealista’s broader growth strategy, which emphasizes technological advancements and global market expansion. By integrating Kyero’s strong international audience base with Idealista’s technological capabilities, the partnership aims to deliver innovative solutions and enhance the property-buying experience for international clients.
Background on Idealista’s Acquisitions
This acquisition marks Idealista’s 17th in the past 16 years, reflecting its consistent strategy of integrating top-tier talent and projects to strengthen its ecosystem.
Regulatory Approval
The transaction is subject to regulatory clearance, expected to be finalized in the coming weeks.
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By Proptechbuzz
By Ravi Kumar
