Thursday, April 25, 2024
BusinessCitylets most visited lettings site

Citylets most visited lettings site

By Emma Hamilton

The residential letting site has produced strong figures

Residential letting site Citylets has proved to be the UK’s most visted residential site according to recent figures released by the company in its quarterly data report.

The figures have shown that visitor traffic on Citylets.co.uk is up 22% on 2010 and enquiries to agents up by 21%.

The performance cements the Scottish-based companyā€™s position as the UKā€™s most visited dedicated residential lettings site ā€“ even outperforming sector giant Rightmove in the Scottish heartlands.

The continued growth means Citylets traffic has increased by 200% since 2007, the year the company launched its quarterly datareport into the state of Scotlandā€™s rental market.

Thomas Ashdown, founder and MD of Citylets said: ā€œWeā€™re delighted to maintain our strong growth trajectory with a 22% rise in traffic in 2011.

ā€œWe operated in broadly the same geographies as 2010 and are confident these results reflect not just a growth in the rental market, but a growth in our market share.

ā€œTraffic to Citylets is now three times what it was just four years ago.ā€

According to Experian Hitwise, the online intelligence agency, Cityletsā€™ average monthly rank in the property category (based on UK visits) in 2011 was higher than any other dedicated residential letting site. Citylets was also the only site in its genre to maintain a top 100 position throughout the year and was regularly the most visited lettings site in the UK.

One of the most interesting findings by Citylets is that more than half of all its Scottish clients are not on Rightmove, the UKs largest property site.

Thomas added: ā€œRightmove may be the UKā€™s biggest site, however in Scotland Citylets is the clear market leader for lettings with 54% of our clients not subscribed to Rightmove.

ā€œIn major cities like Edinburgh and Dundee, that increases to 85% and in Aberdeen itā€™s currently 65%. These figures suggest that in urban Scotland, Citylets attracts the larger audiences relevant to our local clients.

ā€œIndeed the figures seem to underline the fact that property markets are predominantly local and it is local presence that counts, not over-arching UK visitor numbers.ā€

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