idealista, the leading real estate marketplace in Spain, Portugal, and Italy, has signed an agreement to acquire Kyero, a prominent real estate website for international buyers looking for homes in Spain, France, Italy, and Portugal. The total acquisition amount has not been disclosed, in accordance with the decision of the management boards of both companies.
Founded in 2003 by Louise and Martin Dell, Kyero is based in Bath (United Kingdom) and employs a team of 33 professionals, serving more than 7,000 estate agents. Kyero will retain its operational independence and will maintain its collaboration with key software providers and operators across its active markets.
“I am delighted that Kyero, Louise and Martin, its founders, and their fantastic team are joining idealista. I am confident that the future, with both companies working together, will improve results, user experience, and new business opportunities for all our clients,” said Jesús Encinar, founder and CEO of idealista.
The founders of Kyero will continue to lead Kyero after the acquisition is completed and will join idealista’s management team, bringing their expertise to idealista’s operations across all its markets.
Louise and Martin expressed their enthusiasm, stating, “This agreement is a fantastic opportunity for us and our team. Like so many others, we have admired idealista’s success as the leading real estate marketplace in Southern Europe, and we look forward to collaborating with their exceptional team.”
The acquisition of Kyero aligns with idealista’s growth strategy and its commitment to technological expansion in the international market, aiming to provide the best possible experience for international buyers. By combining Kyero’s expertise in attracting a global audience with idealista’s technological expertise, this acquisition will enhance and deliver innovative services for clients.
This marks idealista’s 17th acquisition in the past 16 years and is part of the company’s inorganic growth strategy, integrating the best projects and most valuable talent across all ecosystems in which it operates.
The completion of the signed acquisition is subject to regulatory approvals, which are expected to be obtained in the coming weeks.
