CASE

$11.1 Cost per Lead and 54% Qualified Leads: An Effective Google Ads Strategy for a Real Estate Developer

Project type:
Real Estate Developer
Location:
Ukraine
Status:
Active Collaboration
Period:
September 2025 – February 2026

01. Description

About the client

Ridnyi Dim Residential Complex is a modern comfort-class apartment development located in a quiet area of central Cherkasy. The project offers well-designed infrastructure, recreational areas, children’s and sports playgrounds, as well as apartments featuring individual heating systems and energy-efficient windows.

After achieving strong results with Facebook and Instagram advertising, the client — Budservice, a real estate developer based in Cherkasy — approached us to launch Google Ads campaigns for the Ridnyi Dim residential complex.

Project Goal

Maintain a steady flow of high-quality leads while achieving sustainable conversion growth with an optimized advertising budget.

02. Results

6-Month

Results Achieved in 6 Months

  • Advertising budget spent: $2,251.45
  • Generated 202 inbound leads at an average CPL of $11.1
  • 54% of all leads were qualified

To achieve these results, we:

  • Optimized keyword targeting and ad copy.
  • Configured accurate conversion tracking.
  • Built scalable Google Ads campaigns focused on lead quality rather than lead volume.

Over the course of the campaign, we tested 25 advertising campaigns.

The campaigns that delivered the strongest performance and successfully passed the optimization phase remained active throughout the final four months of the project.

03. Realization

Target Geography

Initial Target Area:
Cherkasy

Expanded Coverage:
Cherkasy Region

Campaign Type

Platform: Google Ads

Campaigns:

  • Performance Max (PMax)
  • Standard Search Campaigns

At the beginning of the project, our primary objective was to improve traffic quality and establish accurate data collection for future campaign optimization.

04. Hypotheses

At the beginning of the project, our primary objective was to improve traffic quality and ensure accurate data collection for further campaign optimization.

Hypothesis

We hypothesized that by refining the keyword strategy, improving ad relevance, and implementing accurate conversion tracking, we could significantly increase campaign performance without substantially increasing the advertising budget.

What We Implemented

Ad Optimization (CTR & Relevance)

  • Updated ad headlines and descriptions.
  • Added more relevant messaging tailored to users’ search intent.
  • Placed greater emphasis on the project’s key value propositions.
  • Tested multiple ad variations with stronger, conversion-focused messaging.

Result: Increased CTR and improved overall engagement with the ads.

Keyword Optimization

  • Conducted a comprehensive keyword audit.
  • Switched keywords to phrase match for better control over search traffic.
  • Removed irrelevant and low-quality search queries (for example, searches such as “buy a small apartment” and queries restricted by Google policies).
  • Improved Keyword Quality Scores by better aligning keywords with ad copy and landing pages.

Result: Reduced irrelevant traffic while improving overall campaign quality.

05. Results After 6 Months

Over the course of six months, we generated 202 leads at an average cost of $11.1 per lead.

54% of those leads were qualified, directly contributing to the sale of 7 apartments.

06. Creatives

Top-Performing Creatives for Performance Max Campaigns

07. Conclusion

This project demonstrated that Google Ads can serve as a stable and predictable lead generation channel, even within a relatively narrow geographic market, provided that campaigns are properly structured and supported by accurate data.

The key results were achieved not by aggressively increasing the advertising budget, but by improving campaign precision and overall advertising quality.

Careful keyword management, the elimination of irrelevant search queries, and strong alignment between keywords and ad copy significantly improved both traffic relevance and lead quality.

The strategy focused on capturing high-intent users, resulting in a strong 5.11% CTR and a consistent flow of leads without audience fatigue.

Accurate conversion tracking and proper conversion segmentation enabled Google Ads’ algorithms to optimize not only for lead volume but also for lead quality.

As a result, 54% of the 202 generated leads were qualified leads.

The addition of Performance Max campaigns complemented the search campaigns by expanding top-of-funnel reach without increasing the average cost per click ($0.16). Geographic expansion also allowed the campaign to scale while maintaining performance efficiency.

Within six months, we built a predictable and scalable lead generation system with sustainable acquisition economics.

$11.1 per lead and $20.6 per qualified lead represent strong performance metrics for the real estate market.

This Case Confirms That:

Google Ads delivers the best results when campaign optimization is driven by user intent, data accuracy, and machine learning algorithms, rather than one-time optimizations.

This approach enables businesses to scale lead generation without sacrificing lead quality while maintaining a stable return on advertising investment.

LIKE THE CASE?​

We have an offer for you – a 30-minute marketing strategy session with a marketing expert from the Adart agency, where you:

  • Learn how to attract targeted leads to buy real estate.
  • What advertising sources bring sales.
  • What advertising messages are effective.
  • What other non-standard approaches are there in advertising and selling real estate.
Consultation
Leave a request and we will advise you on all your questions
Strategic session with a marketing expert
  • How to attract targeted leads to buy real estate?
  • What advertising sources bring sales?
  • Website and quiz analysis
  • What advertising messages are effective?
  • What other non-standard approaches are there in advertising and selling real estate?
Consultation
Leave a request and we will advise you on all your questions
Strategic session with a marketing expert
  • How to attract targeted leads to buy real estate?
  • What advertising sources bring sales?
  • Website and quiz analysis
  • What advertising messages are effective?
  • What other non-standard approaches are there in advertising and selling real estate?
Audit of developers in the following areas
  • PPC advertising. Google ADS.
  • Targeted advertising. Meta ADS
  • Website and quiz analysis
  • Introduction to CRM. Recommendations for optimizing business processes
  • Audit of analytics and reporting systems
  • Video meeting with experts in different areas of the development company
A full informational presentation about cooperation with the Adart agency
  • Brief information about our experience
  • How we can help your real estate business grow
  • Examples of creatives or project implementation
  • Accurate statistical results you can get
  • Project start workflow
  • Full information about cooperation