Reluctant to Sell … Bach Owners Sit Out NZ Property Sales Plunge

Holiday Home Website Reports Record Growth in New Properties Offered for Rent

AUCKLAND, New Zealand, March 23, 2010 - Bach owners increasingly rent out their holiday homes in order to get
through the current property sales plunge - that's the evidence from one of
the leading holiday home marketplaces.

Domegos.co.nz, the NZ holiday home website, says the number of properties
that are offered for rent has increased at a record growth of 24% in the past
three months.

Dennis Klett, director of Domegos, says: "Reluctance to sell in a period
where property prices are falling has pushed a lot of bach owners to look for
alternative ways to make capital gains on their holiday home."

In turn, this trend has resulted in an increased number of people renting
out their second homes for the first time.

Dennis Klett comments: "Many have owned a second property for years but
have been content to hand the keys to family and friends or let it sit empty
- now they are realising that they can put it to good use and cover costs
until the property markets pick up again."

Last year, UK-based Domegos launched its free website in New Zealand and
currently has a portfolio of more than 5,000 holiday homes in New Zealand and
all around the world. The website charges neither a yearly subscription fee
nor a commission for helping owners to rent out their holiday homes.

"While other sites charge up to NZD 200 per year for promoting holiday
homes online, our zero-cost alternative has successfully convinced many
owners to offer their properties for rent for the first time" said Marco De
Gregorio, co-founder of Domegos.

One page is assigned for each bach, comprising more than 17 photos, an
interactive Google map, and an availability calendar, making the website an
essential part for bach owners seeking to make some extra-money. All baches
are promoted in New Zealand and nine other countries in five different
languages.

For more information please visit www.domegos.co.nz

ABOUT DOMEGOS.CO.NZ: Domegos is a leading online holiday home
marketplace, connecting bach owners with renters. UK-based Domegos Ltd.
operates in 10 countries around the world with Domegos.co.nz being its first
branded website in the Asia-Pacific region. Domegos.co.nz offers bach owners
to advertise their property free of charge. The business model is based on
online advertising from third parties and premium services.

Dennis Klett, press at domegos.com, +49-1577-385-3364