Virtual Real Estate Picks up as shopping.eu and hotels.eu Sell for Record Amounts

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Drool, Britannia? Is the UK Failing the Cloud?

By Roger Strukhoff

Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.

Jan. 8, 2012 11:38 AM EST

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From the Wires

Virtual Real Estate Picks up as shopping.eu and hotels.eu Sell for Record Amounts

By: PR Newswire

Sep. 5, 2006 10:44 AM

COLOGNE, Germany, September 5 /PRNewswire/ --

- .eu Web Addresses go for Over GBP250,000

Starting five months ago, those interested in virtual real estate were able to register .eu domain names. Recently, hotels.eu and shopping.eu were sold through the largest domain name marketplace, Sedo. Hotels.eu fetched 250,000 Euros (approximately GBP170,000), while shopping.eu was sold for 150,000 Euros (approximately GBP100,000). Both domain names were purchased by the same person.

Even though the .eu Top Level Domain (TLD) has been on the market for a relatively short time, market experts believe that the potential for .eu domains could rival that of the .com. Despite .com's being the most sought after domain names (diamond.com and business.com both sold for US$7.5 million, almost GBP4 Million), the recent .eu sales show potential for Europe's TLD.

Since the release of the .eu, 400 domains have been sold through Sedo. The average price of .eu domains sold is 2,300 Euros, or GBP1548. Over 2 million .eu domains have been registered. UK citizens have registered over 373,000 .eu domains, placing the United Kingdom second in the number of .eu registrations, behind Germany.

About Sedo

Sedo, "Search Engine for Domain Offers", is the leading online marketplace for buying and selling domain names and websites. Headquartered in Cologne, Germany, Sedo has assembled the world's largest database of domain names for sale, with more than five million listings. Sedo offers regional versions of its site for France (Sedo.fr), Germany (Sedo.de), and Spain (eSedo.com). For additional information, please visit www.sedo.co.uk.

If you would like more information, please contact Brad Tilley at brad.tilley@sedo.com or +49-221-340-30-239.

Sedo GmbH

Brad Tilley, Sedo, GmbH, +49-221-340-30-239

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.