Seloger.com Is to Adjust to Changing Environment According to BAC Report08 Sep 2011 • by Natalie Aster
LONDON – 2010 was a good year for Seloger. The market showed recovery, and the company achieved its target indices. Revenue grew by 13.3% and equaled EUR 82.7 M. Net income rose by 18.9%, reaching EUR 20.8%. But Seloger has to adjust to market changes in order to reach its financial goals in 2011.
Last years’ trend shows a noticeable shift from purchase of estates to their rental. Rental market is to grow even faster as Europe recovers from crisis and families tend to rent a property rather than to buy it. With homeowners under pressure to pay out their financial commitments, it is no surprise that the number of estate purchases steadily decreases. Financial barriers (high price) to entry will remain a stumbling block for many potential homeowners, and it is a major indication that the rental market will further remain strong. As always, location remains an important factor when choosing a property, with all the infrastructure be the main demand booster.
Founded in 1992, Seloger.com is a French-based company engaged in sales and rentals of apartments, houses, villas, cottages, hangars, storage warehouses and so on. It spreads its operations across Europe and maintains partner relations with Asian and American real estate agents. In March 2011 the company was acquired by Axel Springer Group, and became a part of AS Online Beteiligungs GMBH. Seloger was delisted from Euronext Paris.
All information on the company’s financials, business risks and opportunities can be found in the report “Seloger.com Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Seloger.com Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2011
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